CybeRelease: (OTC: SPNG) Gets Asian Order for Over $2,500,000
(CybeRelease, August 9, 2007) - SpongeTech Delivery Systems, Inc. (OTC BB: SPNG) announced they have received an order from Asian Distribution Company of USA. The order from Asian Distribution Company is for $2,500,000. That’s 250,000 units to be delivered to Asian Distribution Company to export to all of Asia, but mainly Russia for 2008. This gives us a continuing growth in the global market and the high demand we are looking for the company products.
Steven Moskowitz, Chief Financial Officer of SpongeTech Delivery Systems stated, “I am personally pleased with the order with Asian Distribution Company of USA. This puts SpongeTech in the Asian and Russian markets and gives us the global growth today’s companies need to compete!”
For more information please contact Investor Relations at 1-877- SPONGE T for Bill Young or visit the company website at: http://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.
To read the complete release, go to http://biz.yahoo.com/bw/070808/20070808005692.html?.v=1
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