NEW YORK, May 12 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (BULLETIN BOARD: SPNG) , is pleased to announced that the company has secured additional manufacturing capacity for the production of SpongeBob SquarePants, soap filled bath sponges, for children. This step was taken by management in anticipation of vast consumer demand for the SpongeBob product, as well as Dora the Explorer and Go, Diego, Go! Management is also pleased to disclose that the Company has received strong levels of interest from retail stores for these Viacom licensed products. The company will be keeping investors abreast of both substantial pre-orders and the initial shipment of product to retailers in June. The Company expects the initial shipments of SpongeBob SquarePants sponges to arrive at retail stores in the next 60 days.
SpongeTech(R) COO Steven Moskowitz said, "The Company is pleased that there has been such strong interest from retailers, with respect to the SpongeBob SquarePants sponge for children. Management has secured additional manufacturing capacity so that the company is capable of delivering product even if the demand exceeds everyone's expectations. At this point the company is capable of manufacturing more than 20 million SpongeBob SquarePants sponge units on an annual basis."
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 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(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 Delivery Systems, Inc.
CONTACT: SpongeTech(R) Delivery Systems, Inc., Investor Relations: Bill
Young, 1-877-776-6438, wayoung55@aol.com or info@spongetech.com
Web Site: http://www.spongetech.com/
