Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Rckhnd]

Trading halted until October 16.

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 60788 / October 5, 2009
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the
"Exchange Act"), of trading in the securities of SpongeTech Delivery Systems, Inc.
(“SpongeTech”), of New York, NY at 9:30 a.m. EDT on October 5, 2009, and
terminating at 11:59 p.m. EDT on October 16, 2009.
The Commission temporarily suspended trading in the securities of SpongeTech because
of questions that have been raised about the accuracy and adequacy of publicly
disseminated information concerning, among other things, the amount of sales and
customer orders received by SpongeTech, investment agreements entered into by
SpongeTech, and SpongeTech’s revenues as reported in its financial statements. In
addition, SpongeTech has not filed any periodic reports with the Commission since the
period ended February 28, 2009.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11
under the Exchange Act, at the termination of the trading suspension, no quotation may
be entered unless and until they have strictly complied with all of the provisions of the
rule. If any broker or dealer has any questions as to whether or not he has complied with
the rule, he should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-
5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it
should refrain from entering quotations relating to SpongeTech’s securities until such
time as it has familiarized itself with the rule and is certain that all of its provisions have
been met. If any broker or dealer enters any quotation which is in violation of the rule,
the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate to this matter,
the Charles E. Cain, Assistant Director, Division of Enforcement of the Securities and
Exchange Commission should be telephoned at [phone].