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10.08.2009
SpongeTech® Delivery Systems, Inc. Expands Product Portfolio to Include Dicon Products
SpongeTech® Delivery Systems, Inc. Expands Product Portfolio to Include Dicon Products
SpongeTech® Acquires Over 40 Dicon Products
SpongeTech® Delivery Systems, Inc. (“SpongeTech”) The Smarter Sponge™, (OTCBB: SPNG) is pleased to announce that the Company has expanded its portfolio of products to include over 40 additional products with the Company’s acquisition of Dicon Technologies (“Dicon”) on July 9, 2009. Dicon’s product line 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 has over 15 products that include applicators, cleansing sponges, buffs, puffs, and wedges for various skin care and cosmetic applications.
Dicon is also an original equipment manufacturer (“OEM”) of footwear components and retail replacement insoles called DRYZ IntelliTemp®. This temperature regulating composite inhibits the growth of odor-causing bacteria and can be found in various footwear brand names including Born®, Matterhorn®, Carolina®, Corcoran®, Bostonian®, Timberland® and Puma®.
The unique and patented hydrophilic foam technology is also ideally suited for use as medical bandages, medical wraps, and as liner for casts and braces. This technology is used in Andover Medical Inc.’s CoFlex AFD Absorbent Foam Dressing. This product is applied to both human and animal care markets. Dicon is currently working with key players in the advance wound care market and making great strides in this business segment.
Dicon established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart, Safeway, Publix, Big Lots and Wal-Mart as well as direct sales to large commercial clients; all of which SpongeTech intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Canada and Asia.
“The expansion of the Company’s product portfolio will certainly enhance the bottom line and as we look to combine both Dicon’s and SpongeTech’s distribution channels, we expect to aggressively expand our presence into over 100,000 retail locations by the end of the year,” commented SpongeTech’s COO, Steven Moskowitz. “Dicon’s products provide us the ability to tap into markets SpongeTech has yet to enter and together we have the ability to develop a broad range of product lines that we will bring to the marketplace over the next several years.”
Dicon’s CEO, Wayne Celia comments, “Our products have been known to be the ‘hands down’ choice among many end users within the cosmetic, footwear, and medical markets and we will continue to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace.”
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com.
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:
1-877-776-6438
info@spongetech.com
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: info@cmir.de
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=US8491091034
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
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SpongeTech® Acquires Over 40 Dicon Products
SpongeTech® Delivery Systems, Inc. (“SpongeTech”) The Smarter Sponge™, (OTCBB: SPNG) is pleased to announce that the Company has expanded its portfolio of products to include over 40 additional products with the Company’s acquisition of Dicon Technologies (“Dicon”) on July 9, 2009. Dicon’s product line 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 has over 15 products that include applicators, cleansing sponges, buffs, puffs, and wedges for various skin care and cosmetic applications.
Dicon is also an original equipment manufacturer (“OEM”) of footwear components and retail replacement insoles called DRYZ IntelliTemp®. This temperature regulating composite inhibits the growth of odor-causing bacteria and can be found in various footwear brand names including Born®, Matterhorn®, Carolina®, Corcoran®, Bostonian®, Timberland® and Puma®.
The unique and patented hydrophilic foam technology is also ideally suited for use as medical bandages, medical wraps, and as liner for casts and braces. This technology is used in Andover Medical Inc.’s CoFlex AFD Absorbent Foam Dressing. This product is applied to both human and animal care markets. Dicon is currently working with key players in the advance wound care market and making great strides in this business segment.
Dicon established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart, Safeway, Publix, Big Lots and Wal-Mart as well as direct sales to large commercial clients; all of which SpongeTech intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Canada and Asia.
“The expansion of the Company’s product portfolio will certainly enhance the bottom line and as we look to combine both Dicon’s and SpongeTech’s distribution channels, we expect to aggressively expand our presence into over 100,000 retail locations by the end of the year,” commented SpongeTech’s COO, Steven Moskowitz. “Dicon’s products provide us the ability to tap into markets SpongeTech has yet to enter and together we have the ability to develop a broad range of product lines that we will bring to the marketplace over the next several years.”
Dicon’s CEO, Wayne Celia comments, “Our products have been known to be the ‘hands down’ choice among many end users within the cosmetic, footwear, and medical markets and we will continue to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace.”
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com.
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:
1-877-776-6438
info@spongetech.com
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: info@cmir.de
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=US8491091034
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.