WE HAVE ACHIEVED A VICTORY !!!!!!
POOR STEVEN MOSKOWITZ,,,,
SECURITIES EXCHANGE ACT OF 1934
Release No. 60788 / October 5, 2009
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the
"Exchange Act"), of trading in the securities of SpongeTech Delivery Systems, Inc.
(“SpongeTech”), of New York, NY at 9:30 a.m. EDT on October 5, 2009, and
terminating at 11:59 p.m. EDT on October 16, 2009.
The Commission temporarily suspended trading in the securities of SpongeTech because
of questions that have been raised about the accuracy and adequacy of publicly
disseminated information concerning, among other things, the amount of sales and
customer orders received by SpongeTech, investment agreements entered into by
SpongeTech, and SpongeTech’s revenues as reported in its financial statements. In
addition, SpongeTech has not filed any periodic reports with the Commission since the
period ended February 28, 2009.