Navigation Links
SpongeTech(R) Delivery Systems, Inc. Clarification of Yesterday's $7,500,000 Order of Uncle Norman's(TM) Pet Sponge
Date:4/30/2008

SpongeTech(R) Clarification of Yesterday's Press Release

NEW YORK, April 30 /PRNewswire-FirstCall/ -- ...CLARIFICATION OF YESTERDAY'S PRESS RELEASE SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) On Tuesday, April 29, SpongeTech announced a new order for Uncle Norman's(TM) Pet Sponge, SpongeTech(R) has received a signed purchase order, along with a letter of credit, from the buyer. The total amount of product purchased by the buyer exceeds $7,500,000. We have begun production with shipping to begin in July 2008.

SpongeTech(R)'s customer is a well-known and established Media Marketing Company with many products now sold through television infomercial marketing. The Uncle Norman's(TM) Pet Sponge will be added to their growing list of products. For contractual, as well as marketing reasons, we have agreed not to disclose their identity of our customers. This is a normal business procedure in the Media Marketing industry.

SpongeTech(R) COO Mr. Moskowitz said, "Our contract with the buyer stipulates that it is the client's obligation to pay for all media and marketing costs. SpongeTech(R)'s obligation is to simply supply our products on a timely basis. I hope this clears up any questions concerning yesterday's release."

The new Uncle Norman's(TM) Pet Sponge can be pre-ordered through the website http://www.spongetech.com .

For more information please contact Investor Relations at 1- 877- SPONGE T and ask for Bill Young or visit the company website at: http://www.spongetech.com .

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems, Inc. is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.

"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.

Contact:

SpongeTech(R) Delivery Systems, Inc.

Investor Relations:

Bill Young, 1-877-776-6438

wayoung55@aol.com or info@spongetech.com


'/>"/>
SOURCE SpongeTech(R) Delivery Systems, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. LMS CALM(R) receives high customer satisfaction scores in the 2008 KLAS Labor and Delivery report
2. Echo Therapeutics and Cato BioVentures Sign Right of First Offer Agreement for Dermatology Products and Transdermal Drug Delivery Technologies
3. ACS Systems Improving Delivery of Healthcare in Malta
4. In blood vessel stents, innovative materials allow better control, delivery of gene therapy
5. Health Care Work Force Too Small, Unprepared for Aging Baby Boomers; Higher Pay, More Training, and Changes in Care Delivery Needed to Avert Crisis
6. SpongeTech Delivery Systems, Inc. to Donate to The Darryl Strawberry Foundation!!
7. QLT initiates phase II study of punctal plug drug delivery system for glaucoma & ocular hypertension
8. Premature Delivery Linked to High Cholesterol in Moms Later
9. Michael J. Fox Foundation Commits Up to $2 Million to Improve Drug Delivery for Parkinsons Disease
10. DST Health Solutions Provides Comprehensive Client Service, Establishes New Service Delivery Organization
11. ACM Partners With Tufts Associated Health Plans to Improve the Cost-effective Delivery of Home Infusion Services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... , ... On June 10-11, 2016, A Forever Recovery, a holistic treatment center ... Breakfast Table in Battle Creek, MI, where the rehabilitation facility is located. This annual ... the world’s leading providers of cereal and other breakfast foods. Its residents often refer ...
(Date:6/26/2016)... ... June 26, 2016 , ... ... they have been diagnosed with endometriosis. These women need a treatment plan to ... a comprehensive approach that can help for preservation of fertility and ultimately achieving ...
(Date:6/25/2016)... Aliso Viejo, California (PRWEB) , ... June 25, 2016 , ... ... preset to fit their specific project," said Christina Austin - CEO of Pixel Film ... all fully customizable and all within Final Cut Pro X . Simply select ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... On Friday, ... presented a Bronze Wellness at Work award to iHire in recognition of their exemplary ... part of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI ...
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World ... with chronic pain and the benefits of holistic treatments, Serenity Recovery Center ... with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016  MedSource announced ... as its e-clinical software solution of choice.  This ... best possible value to their clients by offering ... The preferred relationship establishes nowEDC as the EDC ... for MedSource,s full-service clients.  "nowEDC has long been ...
(Date:6/23/2016)... BEVERLY HILLS, Calif. , June 23, 2016 ... faced the many challenges of the current process. Many of ... option because of the technical difficulties and high laboratory costs ... would have to offer it at such a high cost ... to afford it. Dr. Parsa Zadeh , ...
(Date:6/23/2016)... 23, 2016  In a startling report released today, National ... by lacking a comprehensive, proven plan to eliminate prescription opioid overdoses. ... of how states are tackling the worst drug crisis in recorded ... – Kentucky , New Mexico ... . Of the 28 failing states, three – Michigan ...
Breaking Medicine Technology: