SpongeTech(R) Delivery Systems, Inc. Signs Multi-Year Partnership with Charlotte Bobcats
SpongeTech continues to grow its team sponsorship portfolio for 2009
NEW YORK, Oct 30, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (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(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'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(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.
CONTACT:
SpongeTech(R) Delivery Systems, Inc. Investor Relations info@spongetech.com 1-877-776-6438
Copyright Business Wire 2009
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KEYWORD: United States
North America
New York
INDUSTRY KEYWORD: Convenience Store
Other Consumer
Supply Chain Management
Home Goods
Retail
Supermarket
Consumer
Sports
Basketball
SUBJECT CODE: Contract/Agreement -----------
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