SpongeTech® Delivery Systems, Inc. Reports New Orders in July of $6.9 Million to Date
NEW YORK--SpongeTech® Delivery Systems, Inc., America’s Cleaning Company™, (OTCBB: SPNG) announced that the Company has secured approximately $6.9 million in new orders for the month of July to date. The successful marketing of SpongeTech®’s various products during the summer months are reflected by the continuous re-orders and new orders coming in from our retailers across the globe. SpongeTech®’s Car Care, Child Care, Home Care and Pet Care products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores across the country and on the Company’s website at www.spongetech.com.
In addition to reporting new orders for the month of July, the Company will begin airing its new Uncle Norman’s™ Pet Sponge commercial on cable and satellite networks nationally next week. Due to the success of its DRTV marketing campaign on SpongeTech®’s Car Care product, the Company has produced a commercial for its Pet Care product line and expects to see the same success with the new commercial. Both commercials will continue to air nationally.
“This has been a great start to our first quarter and we believe we will continue to see strong growth within the Company moving forward,” comments SpongeTech®’s COO, Steven Moskowitz. "Our marketing campaign continues to support our retail distribution and we feel that our sell-through rates across our product lines will solidify revenue expectations through the current quarter.”
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com
About SpongeTech® Delivery Systems, Inc.
SpongeTech® Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech® is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company™ .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation 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 May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. 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.