SpongeTech(R) Delivery Systems, Inc. Filled Initial South American Order in September! Now, Re-order over $2,475,000 USD!!
President of S.A. Trading Company States that SpongeTech(R) has Only 'Scratch the Surface' of the After-Market Automotive Parts Industry in Brazil!
NEW YORK, Dec. 20 -- SpongeTech(R) Delivery Systems, Inc. (BULLETIN BOARD: SPNG) today announced that they have gotten the real first big re-order with S A Trading Company, who is our distributor for South America. We shipped an initial order in September and they just ordered over 240,000 units. This total new order comes to $2,475,500 USD.
Steven Moskowitz, CFO of SpongeTech(R) states, "This re-order is a good sign that there is significant room for expansion and growth in the South American after-market automotive parts industry."
In fact, Anthony Gonzales, the President of this S.A. Trading Company, recently talked to Mr. Moskowitz to confirm his rather sizable order, and to express the fact that he felt SpongeTech(R) had only "scratched the surface" of the market down there with its unique automotive cleaning products. "In Brazil, we love our cars nearly as much as we love our women," commented Mr. Gonzales, "and keeping our cars clean is nearly a national past-time for us. Our client base, which exists of automotive after-market parts stores and other similar retail locations, has responded extremely well to the SpongeTech(R) product line."
For more information please contact Investor Relations at 1-877- SPONGE T for Bill Young or visit the company website at: www.spongetech.com.
About SpongeTech Delivery Systems
SpongeTech(R) Delivery Systems designs, produces, markets, and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's (child-safe) bath foam sponge. Each SpongeTech(R) Delivery System sponge is fully biodegradable and is designed with their cutting-edge technology and environmentally friendly.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.