NEW YORK, May 1 /PRNewswire/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (BULLETIN BOARD: SPNG - News) today announces that the Company is prepared to launch SpongeBob SquarePants bath sponges for kids in partnership with Nickelodeon and Viacom Consumer Products. Since the announcement of this partnership on October 29, 2008, SpongeTech(R) has established a strong marketing strategy for its line of children's bath sponges. The Company expects the initial shipments of SpongeBob SquarePants sponges to arrive at retail stores in the next 60 days. In the meantime, SpongeTech(R) is pleased to announce that the Company will be taking pre-orders now online at http://www.spongetech.com/ Due to the demand for the SpongeBob SquarePants bath sponges, each customer will be able to pre-order up to 10 of these sponges for $5.95 each sponge plus a shipping and handling fee. If the customer orders 10 SpongeBob SquarePants Soap-Filled Bath Sponges on the order, a special code "SpongeBob" must be entered in the order code file and they will receive a total 10% discount on that order and the customer is responsible all for the shipping & handing.
In addition to developing a SpongeBob SquarePants bath sponge, the Company is now in the process of developing a sponge for Nickelodeon character, Dora the Explorer. Since its 1999 debut, SpongeBob SquarePants has become one of basic cable's most popular animated series with an estimated 70 million viewers monthly. The Company expects that the universal popularity of these animated characters should generate huge consumer interest in these bath sponges and result in a substantial new revenue stream for the Company moving forward. Accordingly management expects revenue and earnings growth to remain strong throughout the second half of Calendar 2009.
SpongeTech(R) COO Steven Moskowitz commented, "The Company has an unprecedented opportunity to leverage a truly iconic brand into a vast market opportunity. Management has worked hard with the Company's extensive sales force to maximize the market penetration of these new products in the short, intermediate, and long terms. In addition, the Company has secured sufficient manufacturing capacity to meet the anticipated market demand, which could exceed several million units in the first 6 months. Furthermore this new product line diversifies the business and its revenues from the seasonal volatility associated with our Auto Care products."
To purchase SpongeTech(R)'s newest SpongeBob SquarePants children's bath sponge, please visit SpongeTech(R) Delivery Systems' website at: http://www.spongetech.com/ Limit 10 sponges per order and the customer is responsible all for the shipping & handing.
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 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(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponges 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(R) 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 Company as America's Cleaning Company(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 Relations: Bill Young, 1-877-776-6438 wayoung55@aol.com or info@spongetech.com
SpongeTech(R) Delivery Systems, Inc.
CONTACT: Bill Young, Investor Relations of SpongeTech(R) Delivery
Systems, Inc., +1-877-776-6438, wayoung55@aol.com or info@spongetech.com
Web Site: http://www.spongetech.com/
