SpongeTech Delivery Systems, Inc. Expands Its Presence into 7,500 Additional Retail Stores Nationwide
SpongeTech`s Products Now in Over 40,000 Stores NEW YORK--(Business Wire)-- SpongeTech Delivery Systems, Inc., America`s Cleaning Company, (OTCBB: SPNG) announced that the Company's products have recently become available to retail shoppers at 7,500 additional locations in the United States and Canada, expanding its presence into over 40,000 retail locations across North America. As a result of several new orders and substantial reorders from existing customers, the Company has expanded into new geographic locations due to strong marketplace acceptance. In response to this expansion, the Company has expanded its marketing budget and strategies to successfully support its product awareness on a national level. "This expansion into 7,500 geographically diversified locations exemplifies the organic growth the Company has experienced over the past several quarters. This time last year we were only in approximately 1,700 locations and to be in over 40,000 locations today is a great accomplishment," comments SpongeTech`s COO, Steven Moskowitz. "The greatest marketing that a Company can achieve is increasing the number of shelves that offer its products. Our goal is to be in over 100,000 locations by the end of this year and we are confident that we will achieve that goal." SpongeTech`s Car Care, Child Care, Home Care and Pet Care products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores across the country and on the Company`s website at www.spongetech.com. 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 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 Company as America's Cleaning Company . 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. SpongeTech Delivery Systems, Inc. Investor Relations: Bill Young, 1-877-776-6438 wayoung55@aol.com or info@spongetech.com or Connecting Markets GmbH Toll Free: +0800-100-4292 Fon: +49 (0) 69-2165-5910 Fax: +49 (0) 69-2165-5911 Email: info@cmir.de Copyright Business Wire 2009
© Thomson Reuters 2009 All rights reserved



