Spongetech Delivery Systems, Inc. (fka SPNGQ)

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DICON Licenses the technology from H.H. Brown Shoe , Now I see why the purchase price of DICON was so small... They DICON did NOT own the technology.....

ARTICLE III
CLOSING

(f) An acknowledgement from H.H. Brown Shoe Technologies, LLC (“H.H. Brown”) to the sale of the Membership Interests to the Purchaser, and an acknowledgement and confirmation from H.H. Brown that the Intellectual Property License Agreement effective November 30, 2007 by and between H.H. Brown and the Company (the “H.H. Brown License Agreement”) remains in force and effect as of the Closing Date, and that as of the Closing Date, the Company is not in breach of any of its material obligations under the H. H. Brown License Agreement.

http://www.sec.gov/Archives/edgar/data/1201251/000114420409037511/v154860_ex10-1.htm