National Press Release

NEW YORK, June 17 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) a company focused on the design, production, marketing, and distribution of cleaning products for home care, car care, pet care, and health and beauty aids, utilizing patented technology relating to hydrophilic sponges, announced today the company has engaged R.F. Lafferty & Co., Inc. as a consultant to assist the company in investigating and evaluating various strategic alternatives and alliances that may be synergistic with the company's current operations and business plan, including acquisitions and/or investment opportunities.

"We are very excited to have teamed up with R.F. Lafferty & Co., Inc. and believe that with their expertise in the financial industry they will be able to enhance our ability to fully execute our business plan," said Michael Metter, the President and CEO of SpongeTech(R) Delivery Systems. Mr. Metter continued to say, "We have made monumental progress in expanding our business and look forward to continuing to expand further with the guidance of our strategic partner, R.F. Lafferty."

We are excited to have the opportunity to work with SpongeTech(R) Delivery Systems Inc. as they rollout their unique, patented product lines" said Robert Hackel, Managing Director of R.F. Lafferty & Co., Inc. "Steven Moskowitz, Michael Metter and their team at SpongeTech(R) Delivery Systems Inc. have proven themselves to be marketing specialists who understand what must be accomplished in the retail and institutional space. With the business acumen and array of products they possess, we are excited to be a part of their future."

Investor Relations at 1-877- SPONGE T and ask for Bill Young or visit the company website at: www.spongetech.com .

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech's(R) 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 primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech(R) 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.

About R.F. Lafferty & Co., Inc.

R.F. Lafferty & Co., Inc. is a 62 year old independently owned Wall Street brokerage firm. R.F. Lafferty & Co., Inc. fulfills its Clients expectations through multiple products which include Investment Banking, Retail and Institutional Brokerage and Wealth Management. R.F. Lafferty & Co., Inc. operates from Broker Dealer and Investment Advisor platforms.

    Robert Hackel
    www.rflafferty.com
    212-293-9090
    rhackel@rflafferty.com

"Forward-Looking Statements"

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

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

SOURCE SpongeTech(R) Delivery Systems, Inc.