NEW YORK, March 25, 2010 (GLOBE NEWSWIRE) -- SpongeTech® Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge™" (Pink Sheets:SPNG) is pleased to announce that the Company has initiated a 20% discount program on all online web product prices purchased from the Company website at www.spongetech.com">www.spongetech.com during the March Madness basketball tournament. Shipping and handling are extra and are not included in this discount. This offer is valid for all Company on line web orders received by April 14, 2010.
SpongeTech(R)'s products are affordable, with multiple usages, 'one-step' products, saving you time and money; pre-loaded with specially formulated soaps, conditioners and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. All of SpongeTech(R)'s products are self-cleaning and inhibit the growth of bacteria in the sponge. They are earth-friendly, non-toxic and recyclable; 'green' is in.
Steven Moskowitz, of SpongeTech(R) Delivery Systems, stated, "We are excited to present the March Madness promotion to our existing loyal customers and potential new customers. We hope everyone will take advantage of this great opportunity to see how amazing our products really are!"
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 products as The Smarter Sponge™.
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 Third quarter ended February 28, 2009. 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.