Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SRV-90]

taken from April 09 10-Q and is in all the other 10's if I'm correct.

Because of the nature of our relationship with RM, the above offerings and sales were deemed to be exempt under rule 506 of Regulation D and Section 4(2)((transactions by an issuer not involving any public offering.)) of the Securities Act of 1933, as amended.

This is of course talking about the A/S

People need to understand this more, as it is a key reason for what they are doing. Right Carpe? lol

Opus