Spongetech Delivery Systems, Inc. (fka SPNGQ)

[printmail01]

What does SPNG management say about Furth and Signature and the allegations in the federal lawsuits? These federal allegations have been known since May 2008 , Do they have a vetting process at SPNG or do they make deals with just anyone with a money to lend for stock? IMO the allegations are very serious and someone at SPNG needs to let us shareholders know why this deal was made , what is the purpose of doing deal with Doug Furth and "The Group"? Has SPNG management commented on these allegations?

More DD on Doug Furth from the GWSC.OB Form 10QSB/A filed on 25-Sep-2008.

We were unable to fulfill numerous contracts we had been awarded by competitive bid due to the failure of Douglas G. Furth individually and dba Millennium Consulting Group, Inc., a defunct Ohio corporation, and his affiliates, to provide financing which had been promised and on which we relied to finance our significant expansion. Mr. Furth's conduct in this regard is the subject of a pending federal lawsuit which we have filed and which names Mr. Furth and his affiliates as defendants. Further information regarding this lawsuit is available in Part II, Item 1 below.

http://biz.yahoo.com/e/080925/gwsc.ob10qsb_a.html