Press Release Source: SpongeTech Delivery Systems On Monday March 22, 2010, 9:30 pm EDT
NEW YORK, March 22, 2010 (GLOBE NEWSWIRE) — SpongeTech(R) Delivery Systems, Inc. (Pink Sheets:SPNG - News) has redesigned some of the packaging for our “flagship products,” which are expected to hit the shelves within the next few months.
CAR CARE
There will be new packaging for the Wash & Wax Sponge, the Degreaser Sponge, and the Super Thirsty Chamois individually as well as for our 3-Piece Kit with built-in soap and wax — “The Complete Car Wash System.”
CHILD CARE
New to our Child Care collection is Dora the Explorer. This soap-filled bath sponge is now in stores, as we have begun shipping nationwide. Dora the Explorer joins SpongeBob SquarePants and Sea Foam Buddies as part of our expanding Child Care product family, all of which are being well received in the marketplace. In addition, the Pink Panther soap-filled bath sponge is in final production.
PET CARE
Our “Uncle Norman’s(TM) Pet Care Sponges” now includes a Bath Sponge for small pets, a Bath Sponge for large pets, a Pet Bowl Cleaner and a Pet Chamois.
HOME CARE
Our Home Care Products which include the “Gold Bar Tub & Tile Cleaner” and the Eliminator(TM) Chamois.
NEW!
MARINE CARE
The newest addition to The Smarter Sponge(TM) family is our “Marine Wash & Wax System.” The “Marine Wash & Wax System” comes with one infused Marine Wash & Wax Sponge, one Marine Detail Sponge and one Marine Eliminator(TM) Chamois. Each Marine sponge and chamois product can also be purchased separately. The Marine products add significant value to our already popular product lines. We think it is just what the marine industry needs to help keep their boats and water craft cleaner with an affordable and multi-use product.
For more information about this new product line, as well as any of our products, please visit our website, http://www.spongetech.com/.
“At this time, we would like to thank our dedicated employees for their superb efforts, hard work, and dedication as we have grown tremendously over the past year and have experienced extremely high product demand as our products have become very popular,” CEO Michael Metter comments. “I would also like to thank our loyal shareholders and investors for their continued support as we strive to enhance shareholder value.”
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) 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(R) Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge(TM) .
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.
Contact:
SpongeTech(R) Delivery Systems, Inc.Investor Relations1-877-776-6438ir@spongetech.comCopyright © 2010 GlobeNewswire. All rights reserved. Redistribution of this content is expressly prohibited without prior written consent. GlobeNewswire makes no claims concerning the accuracy or validity of the information, and shall not be held liable for any errors, delays, omissions or use thereof.