SpongeTech(R) Delivery Systems, Inc. Announces Further Expansion Into Europe
SpongeTech(R) Forms SpongeTech(R) Europe
NEW YORK, July 6 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems,
Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG) is pleased to
announce that the company has expanded its operation into Europe, forming
SpongeTech(R) Europe. This expansion is in response to the growing demand for
SpongeTech(R)'s products in the European marketplace. The company will open a
new office in Switzerland. They will also be opening the Asian Market -
updates will be coming soon.
Management has determined that having a physical presence in Europe will serve
to expedite sales in this market and provide stronger service to our European
customers. The new offices will provide the European, Middle Eastern and
African markets with SpongeTech(R)'s unique and innovative reusable cleaning
product line that currently includes the Car Care, Child Care, Home Care and
Pet Care sponges.
"We have existing strong relationships with key European retailers," said
SpongeTech(R)'s COO, Steven Moskowitz. "By committing to a European presence,
we are expanding our footprint and leveraging our relationships, resources and
experience to create further success for SpongeTech(R)'s products globally.
There is a growing demand for our unique and innovative product line and we
believe that demand will continue to spread through the markets overseas. Our
sponge is not just a sponge, but The Smarter Sponge(TM)."
For more information please contact Investor Relations at 1-877- SPONGE T or
visit the company website at: 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 Byoung@spongetech.com
German IR Contact:
Connecting Markets GmbH
Toll Free: +0800 100 42 92
Fon: +49 (0) 69 21 65 59 10
Fax: +49 (0) 69 21 65 59 11
Email: info@cmir.de
SOURCE SpongeTech Delivery Systems, Inc.
Investor Relations, Bill Young of SpongeTech(R) Delivery Systems, Inc.,
+1-877-776-6438, wayoung55@aol.com, or Byoung@spongetech.com; or German IR
Contact, Connecting Markets GmbH, Toll Free: +0800 100 42 92, Fon: +49 (0) 69
21 65 59 10, Fax: +49 (0) 69 21 65 59 11, info@cmir.de
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