SpongeTech(R) Delivery Systems, Inc. Receives New Additional Order from S A Trading for Wal-Mart South America...SpongeTech(R) Announces New Additional Order for Wal-Mart South America
NEW YORK, May 30 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. announced today that they received a new additional order from S A Trading for Wal-Mart South America. The order of $2.25 million, scheduled for Christmas delivery, consists of Puddle Pals, Uncle Normans' Pet Sponges, and their 3-Pack Car Care Kits. SpongeTech(R)'s COO, Steven Moskowitz said, "We are proud to have opened the door to Wal-Mart in South America, and we believe this will be the first of many major orders with our new retail partners. S A Trading continues to do an exceptional job in placing our exciting product line in South America. We look forward to continued world-wide growth." 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(R) Delivery Systems, Inc. SpongeTech(R) Delivery Systems 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's(R) 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
(877) 776-6438
info@spongetech.com
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