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SMALL BUSINESS
SpongeTech® Delivery Systems, Inc. Partners with Cleveland Cavaliers for the 2009 National Basketball Association Season
SpongeTech® leverages the NBA as a major marketing and advertising platform
Business Wire
SpongeTech®
Delivery Systems, Inc. (“SpongeTech”)
“The Smarter Sponge™”,
(OTC: SPNG) is pleased to announce today that the Company has partnered
with NBA team, Cleveland Cavaliers. SpongeTech has become a proud
partner of the Cavaliers and will receive prominent courtside signage
and media exposure through their partnership.
This deal continues to establish SpongeTech as the newest major player
in the US sports sponsorship landscape. “We are continuing to build our
brand presence in Cleveland as the Cavaliers are the fifth professional
sports team that we sponsor in Ohio," stated Steven Moskowitz, COO of
SpongeTech.
SpongeTech currently sponsors the New York Knicks, multiple National
Hockey League teams and eight National Football League teams. The
Company continues to grow its sports sponsorship portfolio, previously
leveraging Major League Baseball teams, the World Football Challenge,
the US Open and professional boxing.
About SpongeTech® Delivery Systems,
Inc.
SpongeTech® 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® Delivery Systems, Inc. intends
to globally brand its products as
The Smarter Sponge™ .
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.
Copyright Business Wire 2009
2009-10-21 11:00:00
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