Spongetech Delivery Systems Inc (fka SPNGQ)

[SRV-90]

From the 10-Q, in April, 2009


NOTE E – SUBSEQUENT EVENTS

Subsequent to the date of the financial statements, the Company cancelled an aggregate of 526,585,544 shares of common stock. The shares originated from the repurchase of common stock of RM Enterprises. This reduces the number of outstanding shares of common stock from 1,249,451,605 to 722,866,061 shares.