Spongetech Delivery Systems Inc (fka SPNGQ)

[Virtual Drew]

Not the intent of the 8K.

From the SPNGE's submitted legal documents, "Exhibit A", carpe...

"As a public company, we are also required to publicly announce the termination of our business relationship. We intend to issue a press release announcing this."

- Signed and dated September 24, 2009
Bernard Stolar, CEO

On Thursday September 24, 2009, 6:00 am EDT
"GetFugu Rescinds Investment Transactions With Spongetech Delivery Systems and Vanity Events Holdings"
http://finance.yahoo.com/news/GetFugu-Rescinds-Investment-pz-970174877.html?x=0&.v=1"

But, later that day, SpongeTech claims what again?

On Thursday September 24, 2009, 2:37 pm EDT
"SpongeTech® Delivery Systems, Inc. Announces Rescission of Investment Plans in GetFugu, Inc."
http://finance.yahoo.com/news/SpongeTech-Delivery-Systems-bw-3710267507.html?x=0

Why did it take our clever management 8 1/2 hours later to respond?!?

GFGU's letter (Exhibit A), the PR and now the 8K were strictly to distance themselves from SpongeTech and severing all ties with them, solely based on the NY Post articles. Why? GFGU has enough "image" problems of their own than to inherit SpongeTech's!!!

It's interesting, it wasn't until the 25TH, the formal SEC investigation was revealed, by SPNGE, as beginning on September 18th!!!! No way GFGU knew about that. They were soley relying on the New York Post! GOOD FOR THEM!

I'm sure, this only solidified GFGU's decision to have moved on and distance themselves from SPNGE!!!!

THEREFORE the formal investigation has NOTHING, ABSOLUTELY NOTHING, to do with GFGU's claims as presented in Exhibit A!!!