SpongeTech(R) Delivery Systems, Inc. Continues to Add to Their Management Team with Addition of Vice President of Sales
NEW YORK, April 26 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc., The Smarter Sponge™, (Pink Sheets: SPNG), announces that it continues to enhance its management team with the addition of Ira Minkoff as Vice President of Sales. Minkoff has a successful background as president, entrepreneur and national sales manager in the consumer products industry and has built different sales organizations by adding independent reps, implementing feedback reporting systems, developing strategic target account plans and developing key account relationships that have increased sales significantly. Minkoff has dealt with major national and regional retailers. This hire follows other recent management hires into the financial and manufacturing areas of the company as announced in the SpongeTech® press releases dated February 12, 2010 and April 5, 2010.
The Company will continue to update its shareholders of progress.
About SpongeTech® Delivery Systems, Inc.
SpongeTech® Delivery Systems, Inc. is a public company which designs, produces, and markets unique lines multi-usage cleaning products for Car Care, Child Care, Home Care, Marine 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™.
Dicon Technologies, LLC, a wholly-owned subsidiary, located in Black Creek, Georgia, has a product line that currently focuses within the cosmetic, footwear, and medical markets. Dicon's cosmetic product line utilizes a patented, latex-free hydrophilic foam material in a wide variety of sizes and shapes for Dicon's "Just For You®" line as well as several private label brands. Dicon products include applicators, cleansing sponges, buffs, puffs, and wedges for various skin care and cosmetic applications.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995: The statements in this news release that relate to the Company's expectations with regard to the future impact on the Company's results 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 and 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.
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SpongeTech® Delivery Systems, Inc. |
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Investor Relations |
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1-877-776-6438 |
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SOURCE SpongeTech(R) Delivery Systems, Inc.
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