Published:
SpongeTech Delivery Systems, Inc. Signs Multi-Year Partnership with Charlotte Bobcats
NEW YORK - (BUSINESS WIRE) - SpongeTech
Delivery Systems, Inc. ("SpongeTech" ) "The Smarter Sponge " ,
(OTC: SPNG) is pleased to announce today that the Company has signed a
three-year marketing partnership with NBA team, the Charlotte Bobcats.
ANC Sports, one of the Bobcats' newest corporate partners, developed an
integrated campaign which features an in-arena and direct-to-retail
strategy to market SpongeTech's products.
"Developing relationships with national brands that share our values and
value our market was the focus of our strategy to build our corporate
partner base this off-season, and this new partnership with SpongeTech
illustrates the success we're having in that area of our business," said
Whitfield. "SpongeTech has become an industry leader by developing and
marketing their products the right way, and their desire to expand their
consumer base throughout the Carolinas has led them to partnering with
us."
Elements of the marketing partnership include television and radio
advertisements, website presence, rotational signage placement, premium
item giveaway opportunities, and new retail opportunities for
SpongeTech. One of the most unique elements of the partnership is a VIP
car wash for premium ticket holders, who will get their cars washed with
SpongeTech products during select home games.
"Playing in one of the fastest growing markets in the United States and
featuring the newest NBA arena, the Charlotte Bobcats are an ideal
partner for SpongeTech as we expand our sports marketing initiatives
into professional basketball," said Steven Moskowitz, COO of SpongeTech.
"We are excited about the opportunity to work closely with the Bobcats
Sports and Entertainment team as this integrated team and retail
sponsorship program evolves throughout the 2009-10 season."
SpongeTech currently sponsors NBA team Cleveland Cavaliers and New York
Knicks, NHL teams Chicago Blackhawks and New York Rangers and eight NFL
teams for the 2009 season. 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.
SpongeTech Delivery Systems, Inc.
Investor Relations
info@spongetech.com
1-877-776-6438
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