SPONGETECH

SPNG - NEWS!!!!!

Friday, September 12 2008 10:00 AM, EST SpongeTech(R) Delivery Systems, Inc. Adds SIRIUS XM Radio to National Advertising Campaign, with 'The Howard Stern Radio Show' and 'The Mad Dog Radio Show' with Chris Russo! PR Newswire    "US Press Releases "
NEW YORK , Sept. 12 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that it will begin advertising on both "The Howard Stern Radio Show" and the newly created "Mad Dog Radio Show" with Chris Russo. The radio ad campaigns will begin airing on Monday, September 15, 2008 . Both shows broadcast live weekdays on SIRIUS XM Radio, with "The Howard Stern Show" airing on Channel 100 from 6:00 AM EDT to 11:00 AM EDT , and the "Mad Dog Show" airing on Channel 123 from 2:00 PM EDT to 7:00 PM EDT

SpongeTech(R)'s COO Steven Moskowitz said, "For decades, both Howard Stern and Chris Russo have enjoyed outstanding track records bringing success to various products they have advertised to their loyal audiences. Howard and Chris are icons in the radio and entertainment industry. With their support, as well as that of SIRIUS Satellite Radio and its subscribers, I believe that this campaign will be an effective way for SpongeTech(R) to better familiarize their audiences to our brand, encourage them to try our Auto and Pet products and experience our value. Particularly given that both programs air during drive-time - when people are listening in their cars - we feel these programs make for an especially good fit for our audience."

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(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Pet Care, 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 The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

SOURCE SpongeTech(R) Delivery Systems, Inc.
 

SpongeTech(R) Delivery Systems, Inc. CEO Michael Metter Issues Corporate Update and Fiscal 2009 Q1 Outlook
Date : 09/15/2008 @ 3:00PM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.025  -0.003 (-10.71%) @ 3:28PM


SpongeTech(R) Delivery Systems, Inc. CEO Michael Metter Issues Corporate Update and Fiscal 2009 Q1 Outlook





NEW YORK, Sept. 15 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) today delivers a corporate update and fiscal 2009 Q1 outlook to the shareholders. The past several months have been a productive as well as an extremely exciting period in our Company's growth phase. This update will expound upon the recent successes and what is to be expected moving forward in subsequent quarters.

Message from SpongeTech(R) CEO, Michael Metter:

Dear Shareholders:


As the Company continues to build off of a great 2008 year, we feel it is important to update our shareholders on events that are taking place within the Company and comment on the recent trading activity of our stock.

Management believes that our stock has been influenced by the illegal practice of "naked short selling". These people, or entities, are trying to undermine the shareholders' confidence in our Company, trying to induce you to sell your stock, and, in simple terms, hoping that if you do they will be able to buy back their short position sale at a significantly lower price. They use detailed and complicated systems, and even sell from overseas through other exchanges, to sell nonexistent shares all day long trying to create a disparity between legitimate buy and sell orders.

These unscrupulous entities strategize to create stock price erosion in an effort to try to force us to continue to dilute the Company to raise funds. As you know, we have invested significant money into our Company and hold a large position in stock that is not registered and cannot be sold. The float of the Company is significantly lower than the authorized and outstanding shares issued by the transfer agent. There are upwards of 300,000,000 shares that cannot, and will not, be sold into the market that could affect price dilution of our security.

We recently instituted a stock buyback program of over 25,000,000 shares, and we are evaluating the current market conditions surrounding our stock trading activity and expect to take action to rectify the situation. The Company is in a very good cash position; our EBITDA is very strong and will continue to grow. Management is confident going forward and that the Company expects to see the same success across the children, medical, and household product lines that we have enjoyed, and continue to build, with both our automotive and our pet products. We will continue to expand all our lines with our patented delivery technology, that coupled with an aggressive ad campaign will help us to reach our goal to be branded as the "America's Cleaning Company."

Following is a Corporate Update;

FINANCES

Un-audited revenue for the first quarter of 2009 ending August 31, 2008 were approximately $5,000,000, an increase of over $1,000,000 from the fourth quarter of our last fiscal year.

With our balance sheet and cash positions, we continue to greatly improve due to the increased sales of our products.

ORDERS

Confirmed signed orders for the next nine months of fiscal year 2009 are over $32,000,000. We are experiencing a strong demand in the United States and a very strong demand from international buyers as well.

MARKETING

Marketing efforts continue to provide new customers for our "Car Care" products. We continue to advertise and promote exploring many new possibilities such as NASCAR Racing, the Howard Stern Show, and the Chris Russo Show, venues that are broadcast on the SIRIUS / XM Radio Networks. We have formally introduced the Uncle Norman's(TM) Pet Sponge and we are very optimistic that we will be able to announce new retail accounts for that product in the very near future.

We continue to increase our production capacity, purchase fabrication molds, and increase our sales and support team to handle our increased growth.

PRODUCTION

Independent sub-contractors using our patented technology and brand names produce our products here in the United States through our relationships with independent sub-contractors using our patented technology. As the Company enters into new product lines, we will be able to fulfill production capacity demands organically as well as new strategic relationships.

OPERATIONS

Under the SpongeTech(R) Delivery Systems corporate umbrella, we plan to operate SpongeTech(R) as five operating divisions as new products are introduced:

1) Auto Care Products 2) Pet Care Products (Uncle Norman's(TM) Pet Sponge) 3) Health Care and Beauty Products (Puddle Pals), 4) Household Cleaning Products 5) Bio Pharma Products

MANAGEMENT

Management is actively seeking other opportunities for its patented delivery system. Our Research and Development team are currently testing and evaluating new uses for our delivery system. We now have a staff of over 25 people who work with us on a daily basis. This in itself reemphasizes that we are prepared and determined to continue to grow at our rapid rate.

OUTLOOK

We are negotiating with additional major retailers who are now evaluating and "test marketing" our products. We will update shareholders if our proposals are accepted.

We continue in negotiations with a major supplier of Brand Name household cleaning products. Our discussions focus on SpongeTech(R) using its patented technology to produce various household cleaning products using the Brand Name of our prospective client. We are also negotiating the development of various children's sponges including sponges using the licensing rights of some popular children's characters. Let me again say, while we are hopeful, there is no assurance of our entering into a final agreement with these clients.

We continue to evaluate and test our product delivery system using our patented technology in other products. These include suntan lotion, topical medical uses, beauty aids, and other hardware and houseware product solutions.

In conclusion, we are pleased and excited with our progress, look forward to continued growth this year, and will continue to communicate with our shareholders about our business as things develop.

Best Regards, Michael Metter, SpongeTech(R) CEO


For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company's website at: http://www.spongetech.com/ .

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Uncle Norman's(TM) Pet Sponge, 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 or

The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Bill Young of SpongeTech(R) Delivery Systems, Inc.,

+1-877-776-6438, , ; or Investor

Relations: Rachel Colgate or Michael Crawford, or Media Relations: Steven

Melfi or Lynn Granito, all of The Investor Relations Group, +1-212-825-3210


Web Site: http://www.spongetech.com/

 

SPNG INTERVIEW !!

Here you go...todays radio interview
SPNG starts exactly@37min:25sec's
http://archives.warpradio.com/btr/AmericanScene/091610.MP3

SPNG / 32MILLION DAAAALLARZ ORDERZ ...there is no reason they cannot produce there is no reason they cannot ship it !!!!!  

SpongeTech(R) Delivery Systems, Inc. Hits Grand Slam!
SpongeTech(R)'s Auto and Pet Sponge Sales Hit a Grand Slam over the Past Few Days
Sep 18, 2008 1:42:00 PM
Email Story Discuss on ZenoBank

View Additional Profiles

NEW YORK, Sept. 18 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that this past weekend the company started an aggressive marketing campaign utilizing the combined values of Howard Stern, Chris Russo, and NASCAR Radio on SIRIUS Satellite Radio. As a result of this, coupled with our aggressive TV advertising, SpongeTech(R) has booked in the past five days over $1,000,000 in gross internet sales. We are extremely excited about how we are positioning and marketing our product, and feel very strongly that we are on our way to another record quarter. This, combined with our on hand orders that will be shipped this year, could bring our total revenue in excess of $35,000,000, with a proportionate EBITDA to last year's P/L.

Our Stock Buyback

With such a volatile stock market comes tremendous opportunity. In light of that, coupled with the change in the SEC shorting rules, the Board has decided to increase our corporate stock buyback in the open market from 25,000,000 shares to 50,000,000 shares effective immediately. We have to date purchased in the open market over 10,000,000 shares thus leaving 40,000,000 more shares to buy. We will continue to communicate with our shareholders, and we thank you all for your support.

Michael L. Metter SpongeTech(R) CEO

Steven Y. Moskowitz SpongeTech(R) COO

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(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Uncle Norman's(TM) Pet Sponge, 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

The Investor Relations Group
212-825-3210
Investor Relations: Rachel Colgate or Michael Crawford
Media Relations: Steven Melfi / Lynn Granito

SOURCE SpongeTech Delivery Systems, Inc.

----------------------------------------------

Investor Relations: Bill Young of SpongeTech(R) Delivery Systems
Inc.
1-877-776-6438
wayoung55@aol.com
info@spongetech.com; or Investor Relations: Rachel Colgate or Michael Crawford
or Media Relations: Steven Melfi or Lynn Granito
all of The Investor Relations Group
+1-212-825-3210  

Posted by: Bill Panetta Date: Saturday, September 20, 2008 11:06:04 AM
In reply to: None Post # of 16011


BOTTOM-BUSTERS & POWER-SCANS (weekend)


BOTTOM-BUSTERS:

spng
dpdw
cnoa
hsyn
anvh
cpne
dlkm
zvtk
srlm
srdg
gfre
feec





POWER-SCAN:

emge
ukma
clyw
zipi
nlia
taol
dorb
itrp





STOCKS UNDER .02

rnvo
ffgo
dymh
prmo
slon
mona
exph
npws
xkem
spci
pavc
fnlh
usse
qmnm
wnbd
htog
glcc
hglc  

Barking For Bath Time
Date : 09/25/2008 @ 4:35AM
Source : Business Wire
Stock : SpongeTech Delivery Systems, Inc. (SPNG)
Quote :  0.0199  0.0 (0.00%) @ 7:58AM


Barking For Bath Time




“Bathing one’s cat or dog doesn’t need to be a dreaded chore,” says Michael L. Metter, President and CEO of SpongeTech Delivery Systems, Inc., a New York-based development stage company that’s creating revolutionary cleaning delivery products for pets, cars, and kids. Metter offers some simple suggestions for making bath time better for cats, dogs, and animal lovers: --   Does Your Pet Need A Bath? There may be other options, such as brushing the animal's coat, or rubbing down the animal with a pet cleansing wipe to remove dander and saliva from its coat.

-- Invest in a Shower Spray An indoor pet spray that attaches to one's sink faucet or showerhead makes bathing one's pet much easier to manage, and can be adjusted for smaller pets.

-- Wear Appropriate Clothing Protect yourself from possible scratches or injury by wearing a long-sleeved shirt or jumper.

-- Comb Fur Thoroughly Remove knots in your pet's coat before placing your cat or dog in water, especially if the animal is a longhaired breed. Longhaired pets should also be combed thoroughly while they dry to prevent hair from becoming matted.

-- Removing Foreign Materials Remove chewing gum by rubbing an ice cube on the area until it hardens and can be pulled out, then wash the area thoroughly; tar can be removed by rubbing butter or margarine on the affected area until the tar softens; oil-based paint should be wiped off immediately with a dry cloth; if paint has hardened and dried, cut it out of the pet's coat before bathing your pet.

-- Try SpongeTech®'s Uncle Norman'sTM 4 in 1 Pet Sponge! Each sponge is embedded with a gentle shampoo, coat conditioner, odor inhibitor, and forty-two special massage bumps, or nubs, to assist the effectiveness of the bath. Plus, each sponge can be used eight times or more, depending on the size of your pet.

The company’s patented super-absorbent polymer sponges are loaded with specially formulated pet products that are released only when the pet bath sponge is squeezed after being soaked with water. “Our earth-friendly product is Paraben-free and eliminates the need to purchase separate bottles for shampoo, conditioner, and odor neutralizers for your pet,” says Metter. “With Uncle Norman’s Pet Sponge, bath time for cats and dogs has never been easier.” For more information visit www.spongetech.com.

 

SpongeTech(R) Delivery Systems, Inc. Sales Update: Products Continue Record Breaking Sales
Date : 09/25/2008 @ 9:45AM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.0205  0.0006 (3.02%) @ 9:40AM


SpongeTech(R) Delivery Systems, Inc. Sales Update: Products Continue Record Breaking Sales




SpongeTech(R)'s Auto and Pet Sponge Continues Record Breaking Sales

NEW YORK, Sept. 25 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) is pleased to announce that their marketing campaign that crosses all areas of advertising has continued to do excellent. From Saturday, September 20, through the close of business Wednesday, September 24, The Company has booked over $2,000,000 USD in gross revenue. Business continues strong, and the company is on target to meet goals, as discussed in their prior announcement.

The Company's successful marketing campaign utilizes the combined values of "The Howard Stern Radio Show," the newly created "Mad Dog Radio Show" with Chris Russo and NASCAR Radio on SIRIUS Satellite Radio, coupled with very aggressive national television, national radio, and print advertising campaigns. The Company continues to advertise on WFAN Radio, the Business TalkRadio Network(R), the Lifestyle TalkRadio Network(R), SNY Television Network (home of the New York Mets), and the YES Television Network (home of the New York Yankees).

SpongeTech(R)'s COO, Steven Moskowitz, said, "We are working on our 10 Q for the first quarter of 2009, ending August 31, 2008, and hope to have it done soon. We continue to greatly improve our balance sheet and cash positions due to the increased sales of our products. I personally want to thank the shareholders and investors for staying with us in this very tough time with our stock and the current market. We are extremely excited about how we have been positioning and marketing our products, and I am confident that the company is on their way to another record quarter!"

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 is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Uncle Norman's(TM) Pet Sponge, 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 or

The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

DATASOURCE: SpongeTech Delivery Systems, Inc.


CONTACT: Bill Young of SpongeTech Delivery Systems, Inc.,

+1-877-776-6438, or ; Investor Relations:

Rachel Colgate or Michael Crawford, or Media Relations: Steven Melfi or Lynn

Granito, all of The Investor Relations Group, +1-212-825-3210


Web Site: http://www.spongetech.com/

 

Videos:

The Balancing Act Show 859 - SpongeTech - Kid's Sponge

http://au.video.yahoo.com/watch/3402350/9509102

The Balancing Act Show 844- SpongeTech - Auto

http://au.video.yahoo.com/watch/3119512/8863786

The Balancing Act Show 851 - SpongeTech - Pet Sponge

http://au.video.yahoo.com/watch/3256038/9177592  

SpongeTech(R) Delivery Systems, Inc. Feature on 'The Balancing Act' Television Series Airing on Lifetime Television! Will Air at
Date : 10/05/2008 @ 5:00PM
Source : PR Newswire
Stock : (SPNG)
Quote : 0.0234 -0.0006 (-2.50%) @ 4:00PM


SpongeTech(R) Delivery Systems, Inc. Feature on 'The Balancing Act' Television Series Airing on Lifetime Television! Will Air at




SpongeTech(R)'s New Gold Bar Tub & Tile Cleaning System(TM) will Air on the Daily Morning Talk Show called "The Balancing Act".

NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) is pleased to announce that SpongeTech(R)'s New Gold Bar Tub & Tile Cleaning System(TM) will be featured on "The Balancing Act", a daily morning talk show original, half-hour series for working women on Lifetime Television. This innovative new patented technology, only offered by SpongeTech(R), will give consumers across the country an opportunity to see the Gold Bar Tub & Tile Cleaning System(TM), the ultimate cleaning product. This New Gold Bar Tub & Tile Cleaning Sponge has the degreaser and detergent built into the sponge to make cleaning easier.

The segment will air on Monday October 6, 2008, at about 7:00am EDT/6:00am CDT on Lifetime Television, and features special guest, Jennifer Gatlins, the SpongeTech(R) on-camera spokesperson, educating consumers across the country on its patented one step delivery system that is used by the New Tub & Tile Kitchen Sponge. In-addition on "The Balancing Act" shows each morning from October 6-9, 2008 around 7:20AM daily, Kim Alexis will be giving "Tips on the Puddles Pals" on Toddler Fearing The Bath Tub; Making The Kid's Bathing Schedule; Getting Kids Out Of Bathtub In The Winter Months and Adding Oils To Kid's Bath.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: http://www.spongetech.com/.

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems, Inc. a company which designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology. 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 current product line is designed for Car Care and Pet Care, 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.

About "The Balancing Act":

The Balancing Act, hosted by Dr. Wendy Walsh, seeks to empower women seeking personal and professional growth while managing a career, family and home. The show's segments are solution-rich, in a "news-you-can-use" style with branded storytelling dedicated to creating new opportunities and ideas for women.

For more information on the show log onto http://www.thebalancingact.com/

"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 or

The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Bill Young, Investor Relations of SpongeTech(R) Delivery

Systems, Inc., 1-877-776-6438, or ; or

The Investor Relations Group, +1-212-825-3210, Investor Relations: Rachel

Colgate or Michael Crawford, Media Relations: Steven Melfi or Lynn Granito
 

http://www.spongetech.com/  

SpongeTech(R) Delivery Systems, Inc. CEO Interviewed Live on Steve Crowley's American Scene Radio Show
Date : 10/07/2008 @ 9:10AM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.022  0.0 (0.00%) @ 9:18AM


SpongeTech(R) Delivery Systems, Inc. CEO Interviewed Live on Steve Crowley's American Scene Radio Show




SpongeTech(R)'s CEO Interview Aired Today on American Scene Radio Show

NEW YORK, Oct. 7 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 11:24 a.m. EDT. The interview can be heard live on BusinessTalkRadioNetwork(R) affiliate radio stations streamed on its website, http://www.businesstalkradio.net/. You can find local radio stations by accessing the website, as well. Mr. Metter will be scheduled for future interviews on American Scene, where he will keep listeners updated on SpongeTech(R)'s products and developments.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: http://www.spongetech.com/ .

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Pet Care, 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 or

The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Investor Relations, Bill Young, of SpongeTech(R) Delivery

Systems, Inc., +1-877-776-6438, , or ; or

The Investor Relations Group, +1-212-825-3210, Investor Relations: Rachel

Colgate or Michael Crawford, Media Relations: Steven Melfi or Lynn Granito


Web site: http://www.spongetech.com/

http://www.businesstalkradio.net/

 

http://www.emergingcompany.com/volume12week39f.htm

MoneyTV, Week of 10/10
Date : 10/10/2008 @ 5:00AM
Source : MarketWire
Stock : MoneyTV; Spongetech Delivery Systems, Inc.; Imaging3, Inc.; Plat (SPNG)
Quote :  0.02  0.0 (0.00%) @ 7:36AM


MoneyTV, Week of 10/10





LOS ANGELES, CA -- (Marketwire) -- 10/10/08 -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by anchor Donald Baillargeon with company CEOs, providing insights into their operations and outlooks for their futures.




Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.




The television program can also be viewed online immediately at www.moneytv.net.





Featured companies on this week's program include:



Spongetech Delivery Systems, Inc. (OTCBB: SPNG) CEO Michael Metter discussed the company's line of sponge products with the cleaning solutions embedded within. He also announced more than $35 million in orders through fiscal 2009.




Platinum Studios, Inc. (OTCBB: PDOS) President & C.O.O. Brian Altounian spoke about the company's library of 5,600 comic book characters and a project under development with DreamWorks.




OriginOil, Inc. (OTCBB: OOIL) CEO Riggs Eckelberry announced discussions related to selecting application partners.




Imaging3, Inc. (OTCBB: IMGG) CEO Dean Janes announced the company has been invited to the University of Michigan Medical School to present its Dominion medical imaging technology.




PureSpectrum, Inc. CEO Lee Vanatta announced the date of the annual shareholder meeting, which will also be available online.




Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.




MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM, on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM and is also available in Thailand on the Broad TV Network.




A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net



MoneyTV Executive Producer and Anchor Don Baillargeon is also the host of MoneyRap Radio, heard weekly on the Business Talk Radio Network. For more information, visit http://www.moneyrap.com



MoneyTV television program, Copyright MMVIII, all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks.

Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst.

MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producers, publisher or parent company of MoneyTV.


Add to Digg Bookmark with del.icio.us Add to Newsvine


Contact:

Donald Baillargeon

Executive Producer

MoneyTV

949 388 5267

Info@moneytv.net



 

SpongeTech(R) Delivery Systems, Inc. Upgrades Website
Friday October 10, 1:32 pm ET  
SpongeTech(R), America's Cleaning Company(TM), Includes an Improved e-Commerce Section and an Improved Products Site with Demonstration Videos


NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News) is pleased to announce the new upgraded site featuring an improved e-commerce section for Internet sales, and an improved products section displaying all SpongeTech® products -- car, child and pet. Now all are available for sale, with an updated ordering section that allows easier online ordering.

   Other noteworthy features of the website include:
   -- Multimedia video demonstrating the SpongeTech® Car Care System
   -- New press area that enables users to locate SpongeTech® press
      releases and news according to five categories: financial information,
      sales announcements, advertising, sponsorships/charity programs, and
      interviews/investor relations
   -- Improved investor relations section
   -- Opt-in e-mail sign-up for SpongeTech® news updates
   -- Enhanced site map for easier website navigation


SpongeTech®'s COO Steven Moskowitz said, "Our new website is an exciting online space that allows users to see video demonstrations of our products, sign up for e-news updates, and order products with greater ease and fluidity. We feel the online arm of our business will be a vital component of our company expansion and growth moving forward. SpongeTech® prides itself on being innovation leaders, so it is especially important for our website to reflect that."

For more information please contact Investor Relations at 1-877- SPONGE T or visit the company website at: www.spongetech.com .

About SpongeTech® Delivery Systems, Inc.

SpongeTech® Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech®'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 current product line is designed for Car Care and Pet Care, however, SpongeTech® 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® Delivery Systems, Inc.
   Investor Relations:
   Bill Young, 1-877-776-6438
   wayoung55@aol.com or info@spongetech.com

   The Investor Relations Group
   212-825-3210
   Investor Relations: Rachel Colgate or Michael Crawford
   Media Relations: Steven Melfi / Lynn Granito


 

Press Release Source: SpongeTech(R) Delivery Systems, Inc.


SpongeTech(R) Delivery Systems, Inc. to Air New TV Commercials for Pet Sponge on National Cable Stations
Monday August 11, 10:00 am ET  
SpongeTech(R)'s Pet Sponge Commercials to Start Airing Today August 11, 2008, on Cable TV


NEW YORK, Aug. 11 /PRNewswire/ -- SpongeTech® Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News) has started a new advertising campaign on Cable TV today. Launching two new commercials: one 60-second spot and one 2-minute spot for its Uncle Norman's Pet Sponge(TM). They expect to reach over 100,000,000 homes. The commercials will begin airing today on a variety of cable networks.
ADVERTISEMENT


COO of SpongeTech®, Steven Moskowitz, said, "Based on test results by our media company, pet products advertised on these networks with similar schedules have experienced outstanding results. We feel this exposure on National Cable TV will have tremendous impact on our visibility and will help to continue our rapid growth in the pet care and grooming industry. To preview our 2-minute commercial, please click on the following link: http://video.o2mediainc.com/videolib/2008/ids/21339/index.html."

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 development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech'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 current product line is designed for Car Care and Pet Care, however, SpongeTech® 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.




--------------------------------------------------
Source: SpongeTech(R) Delivery Systems, Inc.


 

SpongeTech(R) Delivery Systems, Inc. Releases 10QSB for First Quarter 2009, Highlights Rapidly Expanding Sales Growth
Date : 10/16/2008 @ 1:12PM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.025  0.001 (4.17%) @ 1:05PM


SpongeTech(R) Delivery Systems, Inc. Releases 10QSB for First Quarter 2009, Highlights Rapidly Expanding Sales Growth




SpongeTech(R) Reports Sales of $5,544,619 from First Quarter Ended August 31, 2008

NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) released its 10QSB for First Quarter 2009, prior to the market opening yesterday, Wednesday, October 15, 2008. The 10QSB reported that the Company's business is "on track."

Revenues: During the three months ending August 31, 2008, SpongeTech(R) had sales of $5,544,619, as compared to sales of $64,076 for the same period in 2007, an increase of $5,480,543. Shipments have commenced to domestic retail outlets and distributors. Some of the domestic shipments were to Bashas', Kroger, and Price Chopper. The Company's Three-Pack Car Sponge Kit is available in these stores. Management attributes this sales increase to the demand for the Company's quality products introduced through its powerful media campaigns. Uncle Norman's(TM) Pet Sponges are selling very well due to a recently implemented national advertising campaign for the holiday season. Because of this strong demand, the Company recently launched a new website, http://www.spongetech.com/. The Company's old website, which is still operational, can now be found under http://www.sponget.com/.

Net Income: Net income for the three months ended August 31, 2008, was $1,076,053, as compared to a net loss of $10,261 for the three months ended August 31, 2007, an increase of $1,086,314.

Liquidity and Capital Resources: The Company's balance sheet is strong with no debt. Shareholder equity is close to $10 million. The Company will continue to build inventory and prepay for products to keep our flow of merchandise timely to meet delivery dates as we proceed through the year.

As of August 31, 2008, the Company had cash in the amount of $165,919, as compared to $2,549 at August 31, 2007. The increase was due primarily to cash generated by operating activities.

New Product Update: SpongeTech(R) continues to design and create new products using its hydrophilic technology and other technologies for kitchen and bath, health and beauty, auto, and medical use that the Company intends to market and sell as part of its product offerings. The Company will soon be introducing additional children's products to enhance its Puddle Pal line, which is expected to start shipping in time for the holiday season.

Over the next few days, SpongeTech(R) will be making a forward-looking statement on second quarter revenue projections.

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Pet Care, 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 or

The Investor Relations Group 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford Media Relations: Steven Melfi / Lynn Granito

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Investor Relations: Bill Young of SpongeTech(R) Delivery

Systems, Inc., +1-877-776-6438, , ;

Investor Relations: Rachel Colgate or Michael Crawford, or Media Relations:

Steven Melfi or Lynn Granito, all of The Investor Relations Group,

+1-212-825-3210


Web site: http://www.spongetech.com/

http://www.sponget.com/

 

SpongeTech(R) Delivery Systems, Inc. Partners with Nickelodeon & Viacom Consumer Products for Licensed Products
Date : 10/29/2008 @ 9:00AM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.029  0.0 (0.00%) @ 9:24AM


SpongeTech(R) Delivery Systems, Inc. Partners with Nickelodeon & Viacom Consumer Products for Licensed Products




America's Cleaning Company(TM) to Begin Nationwide Sales of SpongeBob SquarePants, Dora the Explorer, and Go, Diego Go! Children's Bathing and Sunscreen Sponges

NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC:SPNG) (BULLETIN BOARD: SPNG) has partnered with Nickelodeon & Viacom Consumer Products (NVCP) to bring SpongeBob SquarePants from the television screen to bathtubs and beaches in the form of soap- and sunscreen-infused sponges for kids. This partnership for nationwide production and sales not only includes the beloved SpongeBob SquarePants which celebrates its tenth anniversary in 2009, but two other popular animated Nickelodeon characters, Dora the Explorer, and Go, Diego, Go!.

SpongeTech(R)'s take on the lovable sea-dweller from Bikini Bottom will be available at mass market retail, drug, convenience, and specialty stores, online and e-tailers beginning third quarter 2009. Since its 1999 debut, SpongeBob SquarePants has become one of basic cable's most popular animated series with an estimated seventy million viewers monthly.

"SpongeBob is one of the great icons in popular culture today," said SpongeTech(R)'s COO Steven Moskowitz. "We are incredibly excited about this partnership and see this as a natural fit and a wonderful opportunity to produce and market SpongeBob-branded SpongeTech(R) product."

Moskowitz concluded, "With the partnership in place, coupled with our strong sales force, parents and children around the county now have an even greater opportunity to be introduced to SpongeTech(R)'s superior product line."

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

About Nickelodeon

Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for 14 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NYSE: VIANYSE:VIA.B)

About Nick Jr.

Nick Jr. is a specially designed programming block airing on Nickelodeon weekdays from 9:00 a.m. - 2:00 p.m. (ET/PT). Completely dedicated to preschoolers ages 2-5, Nick Jr.'s Emmy, Peabody and Parents' Choice

Award-winning programs are curriculum based, fun and commercial free. At Nick Jr., kids play to learn with innovative, original shows created just for them.

About SpongeTech(R) Delivery Systems

SpongeTech(R) Delivery Systems is a 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 May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the first quarter ended August 31, 2008. 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 Delivery Systems, Inc.

Bill Young 877.776.6438

The Investor Relations Group Steven Melfi 212.825.3210

Nickelodeon Tori Fernandes 212.846.4942

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Bill Young, Spongetech Delivery Systems, Inc., +1-877-776-6438,

; or Steven Melfi, The Investor Relations Group,

+1-212-825-3210; or Tori Fernandes, Nickelodeon, +1-212-846-4942,



Web site: http://www.spongetech.com/

 

 

SpongeTech(R) Delivery Systems, Inc. Updates to Shareholders
Date : 11/20/2008 @ 1:00PM
Source : PR Newswire
Stock : (SPNG)
Quote :  0.023  -0.0005 (-2.13%) @ 1:21PM


SpongeTech(R) Delivery Systems, Inc. Updates to Shareholders




SpongeTech(R) Announces Changes in Capital Structure; Corporate Buy-Back is Almost Completed

NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (OTC:SPNG) (BULLETIN BOARD: SPNG) , CEO Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Repurchased stock will soon be returned to treasury and removed from the trading float. The Board of Directors has convened a meeting to discuss additional positive measures to reduce the total outstanding shares in SpongeTech's(R) stock. Possible actions being contemplated by the Company are to exercise the repurchase option that the Company has on the 660 million shares currently held by RM Enterprises. The repurchase of equity would significantly reduce the outstanding number of shares of the Company stock thereby decreasing the Company's overall market cap. Additionally, the Board of Directors will be discussing the feasibility of a new corporate stock buy-back program.

Michael Metter, CEO of SpongeTech(R) comments, "The management team feels that these mechanical steps to reduce the outstanding number of shares will be a positive step in changing the current trading pattern of our stock."

COO, Steven Moskowitz adds, "The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock."

For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company's website at: http://www.spongetech.com/

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a company, which designs, produces, and markets a unique line of reusable cleaning products for household use. 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 current product line is designed for Car Care and Pet Care, 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 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 first quarter ended August 31, 2008. 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 or

DATASOURCE: SpongeTech(R) Delivery Systems, Inc.


CONTACT: Investor Relations: Bill Young of SpongeTech(R) Delivery

Systems, Inc., +1-877-776-6438, or


Web Site: http://www.spongetech.com/

 

lol  

hm...  

weiter so Upp Upp Hurrahopp !  

awwer jeds sinn die 20 C bald da, un dann noch richtig halte, weil die 0,50 komme dies jahr bestimmt.
Kaufempfehlung. Oder ist das regelverstoß ??? Gäg beiseite, am ende 09 wissen wirs. Ich hab schon lang an die
geglaubt. Endlich mit der news von gestern "weltweitgrößte kaufhauskette" kanns doch nur nett grüün wern !
Bleibt debei . . .  

auf die sponges ohne ende. Ich habs den ganzen tag verfolgt. Auf auf die 20 C. Yeah  

NEW YORK -- SpongeTech® Delivery Systems, Inc., America's Cleaning Companytm, (OTCBB: SPNG), hat heute bekannt gegeben, dass sich die Bruttoeinnahmen für das per 31. Mai 2009 endende Finanzjahr auf über 50 Mio. $ belaufen und ein Rekordgewinn vor Steuern von ca.10 Mio. $ erzielt wurde. Die Einnahmen im 4. Quartal haben jedes andere Quartal in der Firmengeschichte bei weitem übertroffen. SpongeTech® erwartet auch für das Finanzjahr 2010 und die Folgejahre einen deutlichen Umsatz- und Gewinnzuwachs.
QUELLE Ariva selbst !

Pusher, ich bin keiner un feu mich nur un halt die 20 C für ende nächste woche für möglich un bleib debei bis die
eins vormmmm komma is. Ei Gude
Lg lassts euch net vermiese . . .  

bin ich ja noch mal schön reingerutscht hä hä