NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery
Systems, Inc. (OTC Bulletin Board: SPNG, www.spongetech.com) a company which
designs, produces, and markets innovative, cost-effective, and environmentally
sensitive packaging and product delivery solutions through its exclusive
patented packaging technology, sponsored the Darryl Strawberry Foundation Golf
Outing for Children and Families Affected by Autism on Monday, August 25th at
the Bethpage State Park in Farmingdale, New York.
Among the sports greats in attendance were: Carl Banks, Sam Rosen, John
Starks, Willie Upshaw, Ozzie Smith, Ray Lucas, Curtis McGriff, Bruce Harper,
and Ron Darling, among others.
SpongeTech has a partnership with the Darryl Strawberry Foundation whereby
the Company has committed to donate a percentage of its children's bath
sponge, Puddle Pals, revenues to the Darryl Strawberry Foundation. Puddle Pals
is a baby bath toy filled with hypoallergenic soap, with each sponge capable
of up to eight washes.
"We were pleased to be a part of an event to support such an important
cause," said Steven Moskowitz, COO of SpongeTech. "We believe our technologies
have great potential to grow in popularity as we continue to market and
promote SpongeTech's products. We look forward to continuing to support this
foundation and to participate in other marketing opportunities as our company
remains on track for future growth."
For more information, please contact Investor Relations at 1-877-SPONGE-T,
and/or visit the Company's website at: http://www.spongetech.com
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems, Inc, is a company which designs, produces
and markets innovative, cost-effective, and environmentally sensitive
packaging and product delivery solutions through its exclusive patented
packaging technology. 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 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.
Contact:
SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com or info@spongetech.com
The Investor Relations Group
212-825-3210
Investor Relations: Rachel Colgate or Michael Crawford
Media Relations: Steven Melfi / Lynn Granito
SOURCE SpongeTech Delivery Systems, Inc.