SpongeTech Delivery Systems, Inc. Announces Trademark Infringement Lawsuit Against Spongetech, Inc.
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NEW YORK--(Business Wire)--
SpongeTech Delivery Systems, Inc. (the "Company") "The Smarter Sponge", (OTCBB:
SPNGE), today announced that the Company has filed a trademark infringement
lawsuit against Spongetech, Inc. ("STI") in the United States District Court for
the Southern District of New York. The complaint alleges California-based
company, STI knowingly and willfully appropriated the Company's trademark
"SpongeTech" and solicited business specifically in New York under the Company's
trademark. In addition, the lawsuit alleges that STI's CEO made statements to
the New York Post that defamed the Company, as a result, injuring the Company's
reputation and exposing the Company to public hatred, contempt, ridicule, and/or
degradation.
The Company is seeking permanent injunction barring STI from using the Company's
trademark, including such items as labels, signs, packaging, advertising and
promotional material with the use of "SpongeTech". The Company is also seeking
any profits derived from STI`s use of the Company's trademark as well as award
damages to the Company for injury to its reputation caused by STI`s defamatory
statements.
CEO Michael Metter states, "While we have made numerous attempts to settle this
amicably with STI in the past, recent actions by STI have resulted us to seek
legal actions. We feel it is important to ensure that our customers and
potential customers are not confused by STI abusing our legally protected
trademark and to restore our reputation to the public."
About SpongeTech Delivery Systems, Inc.
SpongeTech 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 Delivery Systems, Inc.
intends to globally brand its products as The Smarter Sponge .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in
this 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 fiscal year
ended May 31, 2008 and the Company's Quarterly Report on Form 10-Q for the third
fiscal 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.
SpongeTech Delivery Systems, Inc.
Investor Relations:
Bill Young, 877-218-8393
wayoung55@aol.com or info@spongetech.com
or
Investor Relations:
Corporate Evolutions, Inc.
Susan U, 877-482-0155
susanu@corporateevolutions.com
Copyright Business Wire 2009
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