News
Spongetech Launches 30 Second Television Airings to Start TONIGHT Nationwide in 14 Million Homes
NEW YORK-(Business Wire)-April 27, 2007 - Spongetech Delivery Systems, Inc. (OTCBB:SPNG) is pleased to announce they will be launching 30 second television airings to be broadcast nationwide in 14 million homes. These airings will begin TONIGHT and will be broadcast over 1,300 times. Management seeks to aggressively market their biodegradable Car Wash and Car Wax sponges on a global scale while increasing their current, large retail chain presence.
Steven Moskowitz, Chief Financial Officer of Spongetech Delivery Systems stated "We are honored to have our cutting-edge, high quality, low cost sponges featured in over 14 million homes nationwide. Our biodegradable sponge eliminates the use of a bucket and allows customers the ability to wash and wax eight or more cars." Mr. Moskowitz further stated "We continue to receive strong interest in from customers. Recently we received an additional order for 19,390 Car Wash and Car Wax units from Turtle Wax(R). Turtle Wax(R) distributes to over 10,000 locations world wide with sales in 90 countries."
The companies' specially configured sponges contain an outer contact layer and an inner matrix. Within this inner matrix of the sponge contains specially formulated soaps and wax. When the sponge is applied to a surface with minimal pressure, the soap or soap and wax are simultaneously applied to the surface. When the sponge is not in use, the hydrophilic matrix holds the soap so that it does not leek out of the sponge. This no leek system allows each sponge to wash as many as eight cars.
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.spongetech.com.
About Spongetech Delivery Systems
Spongetech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the 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 year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. 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.
