SpongeTech(R) Delivery Systems, Inc. Receives $7,500,000 in New Orders From National TV Commercials for New Pet...SpongeTech(R) Starts Airing New Pet Sponge Commercial July, 2008 on National TV Commercials
NEW YORK, April 29 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. is pleased to announce today they received a new $7,500,000 order with deliveries starting July, 2008, from 30 second, 60 second, and 2 minute television commercials for their new pet sponge products to be broadcast nationwide on several TV Networks. Uncle Norm'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. SpongeTech(R) COO, Steven Moskowitz, said "Based on results from an internal focus group on the Uncle Norm's(TM) Pet Sponge, conducted by the media company, we have confirmed orders to be shipped during the first 12 months of our 2009 fiscal year which will generate in excess of $7.5 million in revenue from our pet sponge products on TV." Mr. Moskowitz, also stated, "I would like to remind investors and shareholders that our fiscal year ends May 31, 2008. So when everybody sees reports saying fiscal year 2009 it is in all actuality our 2008 calendar year. This happens each year at this time. If you have any questions please feel free to call Bill Young at Investor Relations." The new Uncle Norm's(TM) Pet Sponge can be pre-ordered through the website www.spongetech.com. For more information please contact Investor Relations at 1- 877- SPONGE T and ask for Bill Young or visit the company website at: www.spongetech.com. About SpongeTech(R) Delivery Systems, Inc. SpongeTech(R) Delivery Systems, Inc. is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. 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 primary product line has been designed specifically for automotive/vehicle applications, 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
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