SA Trading LLC Places First Order for SpongeTech's New Puddle Pals Product!!!SpongeTech Receives First Puddle Pals Product Order and Ramps up Puddle Pals Production
NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- SpongeTech Delivery Systems, Inc. : SA Trading LLC is pleased to announce that it has placed its' first product order for the SpongeTech's new Puddle Pals product. This first order is only part of the company's order and is for 36,000 Puddle Pals units scheduled for delivery from July to September of this year. SpongeTech is ramping up Puddle Pals production now and is confident, from early responses, that this product will become a significant revenue contributor for their company in 2008 and beyond. SpongeTech's new "Puddle Pals" product is based on the company's cutting- edge SpongeTech Delivery System technology but made into different fun shapes and colors especially for kids. The company has already received excellent retail customer feedback and response on the new "Puddle Pals" product line. People love the new shapes and colors and the fact that the "Puddle Pals" product is 99.8% bacterial resistant is a big hit. The germs can't get in, but the soap can get out. The "Puddle Pals" product lasts as long as 5 bars of soap plus it doesn't get dirty if kids drop it on the floor. Retail buyers said they loved that product feature. Plus, with the mesh back, kids won't be able to tear it, or bite through it, and the "Puddle Pals" products are infused with a gentle no- tear, non-irritating anti-bacterial soap. SpongeTech Delivery System's COO Steven Moskowitz commented, "SpongeTech is very happy to have received its' first major order for the new Puddle Pals product line. We have aggressive goals to integrate the SpongeTech Delivery System technology into many new products addressing a variety of new market segments. Puddle Pals will help to broaden our re-seller channels, retail penetration and open up completely new markets for SpongeTech. We have plans for several other new products in completely new markets that we are already working on and are having active sales discussions about. We will be bringing news of these new products to SpongeTech investors in the very near future. We are extremely pleased that our sales efforts are paying off with rapidly increasing sales and revenues, and as we bring new products, such as Puddle Pals to market, we expect our markets to broaden and revenues to continue to grow." For more information please contact at 1-877- SPONGE T or visit the company website at: http://www.spongetech.com/newproducts.htm About SpongeTech Delivery Systems SpongeTech Delivery Systems is a development stage company which 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 bath foam sponge. "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 Delivery Systems, Inc.
Bill Young, 1-877-776-6438
info@spongetech.com
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