NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc., America's Cleaning Company(TM) (OTC Bulletin Board: SPNG - News), announced today an initial order from CVS Caremark (NYSE: CVS - News) in excess of $500,000.00. The order consists of the Company's Auto and Pet line products.
The SpongeTech® products will be available on shelves in over 6000 CVS Stores nationwide mid-March. This order is indicative of the Company's continued efforts to introduce our products into quality national retail chains; we anticipate great success with CVS and will be announcing additional retailers in the near future.
SpongeTech® COO, Steven Moskowitz, stated, "I continue to be pleased with the roll out of our products nationally as well as the sell-through we are seeing for our products, which I directly attribute to the quality of product as well our ongoing marketing campaign. This order is early in the season, with great opportunity for re-orders as we get into the spring summer 'prime car wash season'."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com
About CVS Caremark
CVS Caremark (NYSE: CVS - News) is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 6,800 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, Minute-Clinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site, at http://cvscaremark.com/investors, as well as through the Newsroom section of the Company's Web site, at http://cvscaremark.com/newsroom.
About SpongeTech® Delivery Systems, Inc.
SpongeTech® Delivery Systems is a company which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, however, SpongeTech® is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.
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