SPNG - Who Ever Thought A Sponge Would Garner So Much Attention?

SPNG has maneuvered itself from the sub-penny area to $.03 in a short amount of time. This was done with substantial volume and a tremendous amount of capital.

We all know the deal with penny stocks. Most of them are penny stocks for a very good reason, but when you see $1 million plus traded on a daily basis for a $.025 stock you begin to think this Sponge might have some upside.

Today SPNG dropped a little over 3%, which was a better showing than many of the Dow Components. Penny stocks are supposed to be the wild crazy bets, while blue chippers such as JP Morgan Chase, and GE are the ones you should be throwin your money at.... right?

SPNG has a compelling story. SPNG has had some very serious volume and money exchanging hands. SPNG also had a press release out late this afternoon that could vault the stock tomorrow.

This stock should be a very good day trade for the time being so keep it on your radar. Today's PR is pasted below for your viewing pleasure:

SpongeTech(R) Delivery Systems, Inc. Receives Nearly 3 Million USD in Orders First Week in April

• Tuesday April 7, 2009, 3:27 pm EDT

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Related:

• Spongetech Delivery Systems Inc

SpongeTech® Sees Increase in Orders in the U.S.

Related Quotes

Symbol	Price	Change
SPNG.OB	0.0252	-0.0008

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NEW YORK, April 7 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News), is pleased to announce that the Company has received approximately 3,000,000 USD in booked orders of its "easy-to-use" Product Cleaning Systems for the Car, Child, Home, and Pet. Orders have been coming in from the website, the call centers for the new TV commercial that are airing nationwide via cable and satellite and new and re-orders from various retail outlets across the United States.

"The spring season is here and we are pleased that the consumers are responding very well to our national marketing campaigns," said SpongeTech®'s COO, Steven Moskowitz. "Purchase orders continue to come in from new and existing retailers as they begin stocking their shelves with our products. In addition, everything indicates that our 3rd Quarter results for the period ending February 28, 2009 are expected to be filed on or before the 15th of April."

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 sponges 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 Company as America's Cleaning Company(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 second quarter ended November 31, 2008. 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.

    Contact:
   SpongeTech® Delivery Systems, Inc.
   Investor Relations:
   Bill Young, 1-877-776-6438
   wayoung55@aol.com or info@spongetech.com