SPNG
News:
November 5 -
Successful APEX/SEMA Auto Show for SpongeTech Delivery Systems in Las Vegas
SpongeTech Had Numerous Domestic and International Retailers Showing a High Interest in Products
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) exhibited its SpongeTech Delivery Systems Car Wash & Wax products at the APEX/ SEMA (Specialty Equipment Market Association) show which was held in Las Vegas this past week. The APEX/SEMA Auto Show in Las Vegas is truly unique among car shows. For one, it's not open to the public. The APEX/ SEMA show is for members of the trade only, so unless you build, sell or are in some way associated with the aftermarket auto parts and accessories industry you can't go. That restriction doesn't limit the attendance, however, as the SEMA auto show floor is as crowded as any of the other big city auto shows.
SpongeTech Delivery System's CFO Steven Moskowitz commented, "We had a fantastic APEX/SEMA show this past week. This is one of the best automotive industry shows we have attended to date and the contacts we made at the show were excellent. We had automotive resellers and retailers from all over the world visit us at our booth." Mr. Moskowitz continued, "While we cannot divulge contact names, suffice to say, that we enjoyed very high traffic by numerous domestic and international big-box retailers, several well known automotive supply retailers, prospective automotive product distributors in a large number of international markets, and very well known and highly respected automotive product suppliers interested in private labeling SpongeTech Car Care products with their own trade brand. If we can close deals with just 5% of the contacts that visited us at the show we will significantly grow our business in 2008 beyond the orders currently on our books. The great thing about the APEX/SEMA show was that there were no 'Tire Kickers.' All of the attendees were industry related resellers, distributors, retailers and rep firms, so the vast majority of the leads we gathered were legitimate and prospective future SpongeTech customers."
For more information, contact Investor Relations at 1-877-SPONGE T or visit the company website at www.spongetech.com.
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