NEW YORK, April 1, 2010 (GLOBE NEWSWIRE) -- SpongeTech(R) Delivery Systems, Inc. (Pink Sheets:SPNG), working with its wholly owned subsidiary, Dicon Technologies, LLC ("Dicon") is pleased to announce that Professional Cosmetic Applicators are now available on the corporate website at www.spongetech.com.
We are expanding our product line offerings online with the addition of 5 adult professional cosmetic applicators from our Dicon "Just For You®" product line.
We are starting with cosmetic applicators to apply foundation, blush and eye makeup-Professional Ultra Wedges; apply makeup with Purecell® Wedges-Professional Cosmetic Wedges with vitamin E; apply makeup with vitamin E round sponges-Professional Cosmetic Sponges with vitamin E; clean and exfoliate with latex free cleaning Sponges-Red Cleaning Sponges and multi-purpose dual tip applicators with double pointed style of flat/pointed tips-80 Dual Tip Applicators.
For more information about this new product line, as well as any of our other products, please visit our website, http://www.spongetech.com/.
In the near term future, SpongeTech plans to provide another corporate update.
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) 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(R) Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge(TM).
Dicon Technologies, LLC, located in Black Creek, Georgia, has a product line that currently focuses within the cosmetic, footwear, and medical markets. Dicon's cosmetic product line utilizes a patented, latex-free hydrophilic foam material in a wide variety of sizes and shapes for Dicon's "Just For You®" line as well as several private label brands. Dicon has over 15 products that include applicators, cleansing sponges, buffs, puffs, and wedges for various skin care and cosmetic applications.
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.