The Company has also completed a stock repurchase plan of fifty-five million shares (55,000,000) of common shares from the open market.
As of
SpongeTech(R) Delivery Systems, Inc., CEO,
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.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.
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
Contact: SpongeTech(R) Delivery Systems, Inc. Investor Relations: Bill Young, 1-877-776-6438 wayoung55@aol.com or info@spongetech.com
SOURCE SpongeTech(R) Delivery Systems, Inc.