NEW YORK, March 27, 2007 (PRIME NEWSWIRE) -- Spongetech Delivery Systems, Inc. (OTCBB:SPNG) is pleased to announce today the launch of their new website for its cutting edge biodegradable cleaning products for vehicles, household kitchens and child care. The website will enable shoppers to buy high quality, low cost cleaning products all from the comfort of their homes by visiting http://www.spongetech.com.
Currently, large retail chain stores are continuing to express strong interest in Spongetech's products which include their patented Ultimate One Step Car Wash and Car Wax System. Most recently, the Company's Car Wash and Car Wax System was voted one the seven best new products at the Automotive After Market Products Expo in Las Vegas.
The Company's specially configured sponges contain an outer contact layer and an inner matrix. Within this inner matrix of the sponge is specially formulated soaps and wax. When the sponge is applied to a surface with minimal pressure, the soap or soap and wax are simultaneously applied to the surface. When the sponge is not in use, the hydrophilic matrix holds the soap so that it does not leak out of the sponge. This no leak system allows each sponge to wash as many as eight cars.
Michael Metter, President of Spongetech Delivery Systems, stated, "During the last three months, we have experienced strong interest in our biodegradable products on a global scale. We determined it was critical to upgrade our infrastructure in order to process rising order demand. Our new e-commerce website better provides product information, order processing, investor information and breaking company news."
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: http://www.spongetech.com.
About Spongetech Delivery Systems
Spongetech Delivery Systems is a development stage company with headquarters in the Empire State Building in New York City. The company 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. http://spongetech.com/
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.