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Persia
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Spongetech Receives First $1,500,000 Order from South America
5/9/2007

Spongetech Sells 250,000 Units, Continuing High Demand for Product

NEW YORK, May 09, 2007 (BUSINESS WIRE) --
Spongetech Delivery Systems, Inc. (OTCBB: SPNG) today announced they have signed the Agreement with SA Trading Group Corp. The agreement with SA Trading Group starts with an order for $1,500,000. That's 250,000 units - 1/2 kits 1/2 singles - to be delivered between 9/15/07 to 10/10/07, exported to South America. SA Trading Groups have approved the translation on the products packaging in Spanish and Portuguese. The translations will help the company in other anticipated sales and distribution markets.

Steven Moskowitz, Chief Financial Officer of Spongetech Delivery Systems stated, "We are glad to have finalized our agreement with the SA Trading Group Corp and begin sales and distribution into South America." Mr. Moskowitz further stated, "The translation on the products packaging in Spanish and Portuguese continues to give us the global interest and demand we are looking for."

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.

Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
Hitman
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This is an old post when SPNG was lots less than
.005 Now it is well over .12
Your coments welcome.... I am Buying $1000 worth now and will see what happens.... This could be GR8

Well worth the risk!

Posts: 1101 | From: Georgia | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
LuvThaCash
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bought * .0569, .081, .11 and .1399. I don't see an end for this run anytime soon because it was so undervaued to begin with. It is rare to find a OTC stock that has such superb fundamentals... I am planning to get all my money back * .31 though and play with house money from there.
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Hitman
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over .22 now
Posts: 1101 | From: Georgia | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
Smash
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NEWS OUT!! Already dropped today, get in while its hot.

SpongeTech(R) Delivery Systems, Inc. Reports $6.4 Million in New Orders
46 minutes ago - Businesswire

SPNG 0.172 -26.81%

As of 3:26 PM ET 6/12/09
SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (OTCBB: SPNG) is pleased to announced that the Company has secured approximately $6.4 million in new orders for the month of June to date. More and more retailers are beginning to order and carry various SpongeTech(R) products as the Company continues to nationally brand itself as America's Cleaning Company(TM). SpongeTech(R) products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores.

"This is such an exciting time for the Company," comments SpongeTech(R)'s COO, Steven Moskowitz. "Consumers across the country have been voicing their demand for our products; as a result we have been receiving new purchase orders from numerous new retailers." Moskowitz continues, "Our R&D team has been working on developing over 20 additional new products including a suntan lotion applicator, household cleaning mop, kitchen sponges, adult bath sponges and additional "character" children's bath sponges. Now that we are being recognized as America's Cleaning Company(TM), we look forward to introducing new and exciting products to our loyal customers in the near future."

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.

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Smash
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This story was just released, but it pertains to news from earlier in the month. If you own shares, I'm sure it'll help the value even though it's old news, re-released. Imo, this will still have a small, positive effect on the stock value, regardless, since it reminds people of that huge Costco order. Imho...


SpongeTech Gets Initial Order from Costco
Monday 06/15/2009 12:00 AM ET - Close-up Media

SPNG 0.17 -27.66%

As of 4:00 PM ET 6/12/09
SpongeTech Delivery Systems, Inc. announced that the Company received an initial open order of its Car Care products from Costco, the largest membership warehouse club chain in the world.
The order from Costco demonstrates the wide market acceptance of SpongeTech's innovative cleaning products.
"We look forward to our new relationship with retail giant, Costco," said SpongeTech's COO, Steven Moskowitz. "Costco has the geographic coverage, floor traffic and the demographics that are important in delivering our product to the market place on a national level. Our business continues to expand rapidly with reorders as well as new purchase orders and SpongeTech's products will now be more available to the public."
Costco currently operates 555 warehouses, including 408 in the United States and Puerto Rico, 76 in Canada, 21 in the United Kingdom, six in Korea, five in Taiwan, eight in Japan and 31 in Mexico.
SpongeTech Delivery Systems is a company which designs, produces, and markets lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages.
((Comments on this story may be sent to newsdesk*closeupmedia.com))

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Smash
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News Out:

SpongeTech(R) Delivery Systems, Inc. to Increase National Marketing and Advertising Budget for Fiscal Year 2010
34 minutes ago - Businesswire

SPNG 0.155 -8.82%

As of 11:45 AM ET 6/15/09
SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (OTCBB: SPNG) has today announced that its marketing and advertising ("marketing") budget will be substantially increased to approximately $20 million for Fiscal Year 2010 ("FY '10"). This represents an approximate increase of 100% over the $10 million spent on marketing during the first 9 months recorded in the 3rd Quarter of Fiscal Year 2009 ending February 28, 2009. Management has opted for this significant marketing budget increase, due to the widespread acceptance of SpongeTech(R)'s products in the marketplace and the exceptionally high reorder rate from existing customers. The Company is also in the process of launching additional important new products that should drive strong revenue and earnings growth during FY '10 and beyond. There will be a sharp increase in television commercials; ESPN will begin airing SpongeTech(R) commercials this summer during ESPN Sunday Night Baseball.

SpongeTech(R)'s COO, Steven Moskowitz commented, "Some of the most prestigious U.S. based retailers have started ordering our products because the Company has established a track record of supporting its brand through marketing expenditures. Now that the Company has achieved strong and consistent earnings growth and profitability, Management has made the choice to heavily invest in furthering our brand equity and recognition in the marketplace. The Company will insure that the important new products being launched will be supported through enhanced advertising campaigns."

Posts: 406 | From: San Diego | Registered: Jun 2009  |  IP: Logged | Report this post to a Moderator
   

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