29.08.2009 11:34
SpongeTech® Delivery Systems, Inc. Reports Record Month in Orders
SpongeTech® Books Approximately $18 Million in New Orders for the Month of June
SpongeTech® Delivery Systems, Inc. America’s Cleaning Company™, (OTCBB: SPNG) is pleased to announced that the Company has booked approximately $18 million in new orders for the entire month of June. This is SpongeTech®’s highest recorded monthly booked orders in the Company’s history. The Company sees continued momentum in the marketplace and with the new children’s bath sponge beginning to hit the marketplace, management is anticipating the drive in sales should continue to increase. SpongeTech® is branding itself as America’s Cleaning Company™.
SpongeTech®'s products are being ordered by various retail outlets all through North America including drugstores, supermarkets, membership warehouse clubs, and big box stores. In addition, SpongeTech® will soon begin its market penetration into Canada. The Company’s Direct Response marketing program has been showing increase return on a regular basis.
SpongeTech®’s COO Steven Moskowitz said, ”We are excited to report a record month!! We are experiencing an incredible response to all of our products and we continue to increase our national retail footprint daily. We anticipate additional new products to come on line and we strongly believe that our sales growth will continue at this pace.”
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.
Contacts:
SpongeTech® Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com or info@spongetech.com
or
Connecting Markets GmbH
Toll Free: +0800 100 42 92
Fon: +49 (0) 69 21 65 59 10
Fax: +49 (0) 69 21 65 59 11
info@cmir.de
© 2009 Business Wire
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