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NEW YORK, Aug. 20 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery
Systems, Inc. (OTC Bulletin Board: SPNG) a company which designs, produces and
markets innovative, cost-effective, and environmentally sensitive packaging
and product delivery solutions through its exclusive patented packaging
technology received an increase in the initial order placed in April, 2008
from $7,500,000 USD to $11,000,000 USD. This is an increase of $3,500,000 USD.
This is from the National TV promotional program started in August, 2008. It
is running the new 30 and 60 second spots, and a longer 2 minute commercial
for the NEW 'Uncle Norman's(TM) Pet Sponge' now being broadcast nationwide on
several TV Networks. This increase in sales is attributed to the quality of
the 'Uncle Norman's(TM) Pet Sponge' as with all SpongeTech(R)'s products.
'Uncle Norman's(TM) Pet Sponge' is imbedded with a gentle shampoo and has
massage bumps (or nubs) to assist the effectiveness of the bath. Each sponge
can be used 8 times or more, depending on the size of your pet. As with
SpongeTech(R)'s other products, management seeks to aggressively market their
pet sponge products on a global scale while increasing their large retail
chain presence. The company cannot disclose many of the details at this time.
Steven Moskowitz, SpongeTech(R) COO said, "Based on results from an
internal results for 'Uncle Norman's(TM) Pet Sponge' we could see this out
sell our Ultimate One-Step Car Wash & Wax System in 2009."
Michael Metter, CEO SpongeTech(R) said, "I would like to remind investors
and shareholders that financial reports for fiscal year ending May 31, 2008,
are almost done, we are working hard to finish them and they will be out on
time."
For more information, please contact Investor Relations at 1-877-SPONGE-T,
and/or visit the Company's website at: http://www.spongetech.com .
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems, Inc, is a company which designs, produces
and markets innovative, cost-effective, and environmentally sensitive
packaging and product delivery solutions through its exclusive patented
packaging technology. These sponge-based products utilize SpongeTech(R)'s
proprietary, patent (and patent-pending) technologies involving hydrophilic
(liquid absorbing) foam and polyurethane matrices. The Company's sponges are
specially configured with an outer contact layer and an inner matrix, the
latter of which comes pre-loaded with specially formulated soaps and wax that
are released when the sponge is wetted and applied to a surface with minimal
pressure. The Company's current product line is designed for Car Care and Pet
Care, however, SpongeTech(R) is currently exploring additional applications
for its technology including an anti-bacterial, kitchen and bath cleaner, as
well as a unique 'foaming' bath sponge for children.
"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.
Contact:
SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com or info@spongetech.com
The Investor Relations Group
212-825-3210
Investor Relations: Rachel Colgate or Michael Crawford
Media Relations: Steven Melfi / Lynn Granito
SOURCE SpongeTech(R) Delivery Systems, Inc.
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