I wonder if spongtech reduces the risk of tennis elbow? At any rate tennis and “the sponge” are coming together for the 2009 U.S. open. This is impressive news for a $.20 penny stock.
SPNG never seems to quit is once again gunning for new highs. It continues to churn out the news and the stock price continues to rise.
This is one of those few penny stocks where holding for more than a few days/weeks was a good idea. Wax on Wax Off! A test of $.30 and possibly $.40 in the coming days would not be a surprise.
SpongeTech(R) Delivery Systems to Be Prominently Featured at the 2009 US Open
SpongeTech(R) Continues to Leverage Major Sporting Events to Build Awareness and Increase Sales
NEW YORK, Aug 26, 2009 (BUSINESS WIRE) — SpongeTech(R) Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge(TM)”, (OTCBB: SPNG), announced today that the Company has established a relationship with the United States Tennis Association (“USTA”) and its premier event, the 2009 US Open, August 31 to September 13, 2009. Building upon existing Major League Baseball and National Football League partnerships, the US Open will provide SpongeTech new international sports appeal. The Company will receive premium courtside signage at the Arthur Ashe Stadium in New York and an on-site product kiosk on the grounds.
This deal continues to present SpongeTech as the newest major player in the sports sponsorship landscape. “We look forward to a fantastic relationship with the USTA,” stated Michael Metter, CEO of SpongeTech. “This partnership will allow us to reach an international fan base and market our product during this prestigious tournament. A premier event such as the US Open will provide SpongeTech the opportunity to showcase our brand name worldwide.”
SpongeTech has recently begun sponsoring multiple teams within the NFL, including the New York Giants and Jets. The Company continues to grow its sports sponsorship portfolio in 2009, which have included leveraging MLB teams and the World Football Challenge.
The USTA is the national governing body for the sport of tennis in the U.S. and the leader in promoting and developing the growth of tennis at every level — from local communities to the highest level of the professional game. A not-for-profit organization with 730,000 members, it invests 100% of its proceeds in growing the game. It owns and operates the US Open, the highest attended annual sporting event in the world, and launched the Olympus US Open Series linking 10 summer tournaments to the US Open. In addition, it owns the 94 Pro Circuit events throughout the U.S., is a minority owner and promotional partner of World Team Tennis, and selects the teams for the Davis Cup, Fed Cup, Olympic and Paralympic Games. The USTA philanthropic entity, USTA Serves, provides grants and scholarships and through tennis, helps underserved youth and people with disabilities to improve academics, build character and strive for excellence. For more information on the USTA, log on to usta.com.
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) 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(R)’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(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge(TM).
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.
SOURCE: SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems, Inc. Investor Relations: 1-877-776-6438 firstname.lastname@example.org or Connecting Markets GmbH Toll Free: +0800 100 42 92 Fon: +49 (0) 69 21 65 59 10 Fax: +49 (0) 69 21 65 59 11 email@example.com
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