NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- SpongeTech Delivery Systems, Inc. today announced they received an order last Friday for $2,385,000. That's 270,000 units for the new Children's and Pet Sponges. The pet sponge is a no tears, tangle-free shampoo for pets that leaves a lustrous sheen. The children's sponge is a no tears bath wash called the "Puddle Pals Children's Sponge."
The first 12,000 units of "Puddle Pals Children's Sponge" are scheduled for delivery July 25, 2008, with an additional 12,000 units per month for the next two months, for a total of 36,000 units. The Pet Sponges' first 68,000 units are scheduled for delivery September 15, 2008, with another 68,000 units on October 15, 2008, and a balance of 98,000 units on November 15, 2008, for a total of 234,000 units.
The company has had many calls and e-mails about the 'back orders' and when the company is going to fill them. The company does not have 'back orders.' They have orders with scheduled fill times and pending deliveries, like you see above, the orders are filled on a pre-determined schedule so the distributors and retailers are not 'sitting' on product and they determine when they want it. The orders are then shipped as scheduled.
Steven Moskowitz SpongeTech COO said, "I am pleased to see the new products finally hit the market place, and I expect new products sales will continue to grow over the next few months. We are working on new products with new companies, and we will update the shareholders as we move forward. As shareholders, we are all happy with the new product roll-outs!! We are now a three product company."
For more information please contact Investor Relations at 1-877-SPONGE T for Bill Young 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.
Contact:
SpongeTech Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com