SPNGQ - Spongetech Delivery Systems, Inc.

Bigcat · Jul 31st, 2007, 09:42 AM

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 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®'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® is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company™ .

Marksmaker · Jul 31st, 2007, 10:21 AM

This does look like a good time to get in....

Bigcat · Jul 31st, 2007, 11:03 AM

No one is interested. Volume slowing down.
Maybe this stock is a POS. lol
Thats a shocker.

Once they book some revs maybe I'll be back

clarkeysmalls · Aug 8th, 2007, 11:32 AM

watch this one.... .055

steeledge · Aug 8th, 2007, 11:37 AM

Huge news for them!

SpongeTech Receives Order for over $2,500,000 from Asian Distribution Company of USA

Last update: 8/8/2007 11:29:21 AM

SpongeTech Sells 250,000 Units Continuing the High Demand for the Sponge Technology Product

NEW YORK, Aug 08, 2007 (BUSINESS WIRE) -- SpongeTech Delivery Systems, Inc. (SPNG) today announced they have received an order from Asian Distribution Company of USA. The order from Asian Distribution Company is for $2,500,000. That's 250,000 units to be delivered to Asian Distribution Company to export to all of Asia, but mainly Russia for 2008. This gives us a continuing growth in the global market and the high demand we are looking for the company products. Steven Moskowitz, Chief Financial Officer of SpongeTech Delivery Systems stated "I am personally pleased with the order with Asian Distribution Company of USA. This puts SpongeTech in the Asian and Russian markets and gives us the global growth today's companies need to compete!" For more information please contact Investor Relations at 1-877- SPONGE T for Bill Young or visit the company website at: . 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.

bmrchad · Aug 21st, 2007, 09:39 AM

SpongeTech Receives a Third, Large $3,755,000 Order from SA Trading for Distribution in Mexico!

Tuesday August 21, 9:00 am ET

The SpongeTech Distribution Relationship with SA Trading has resulted in orders for more than 1M total units with this most recent order as sales into Mexico and Latin America of SpongeTech products are on the rise.

MEXICO CITY--(BUSINESS WIRE)--SpongeTech Delivery Systems, Inc. (OTCBB: SPNG - News) today announced they have signed the agreement with SA Trading Group Corp for $3,755,000. That's 375,000 units to be delivered first Quarter 2008, for distribution in Mexico. This is the third order from the SA Trading Group Corp. that SpongeTech has received including the first order for 250,000 units, a second order in Q2 for 500,000 units and this most recent order, for an additional 375,000 units, totaling 1,125,00 units sold to the SA Trading Group.

Steven Moskowitz, Chief Financial Officer of SpongeTech Delivery Systems stated "We are pleased to have finalized our most recent order with the SA Trading Group Corp. which will help us to continue to expand our sales and distribution into Mexico and South America" Mr. Moskowitz further stated "Our relationship with the SA Trading Group has also led to the translation and product introduction of SpongeTech for the Spanish and Portuguese speaking markets which will help to further increase global interest and market penetration of these products into Mexico, South America and other Spanish and Portuguese speaking regions."

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 SA Trading Group Corp.

SA Trading Group Corporation is among the largest distributors of automotive related products into Mexico and South America. Their distribution encompasses sales to retail chains, automotive supply outlets and other vertical market specialty stores.

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.