Spongetech Delivery Systems, Inc. (fka SPNGQ)

[scion]

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently barred from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes ofissuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. A penny stock is any equity security that has a price of less than five dollars, except as provided in Rule 3a51-1 under the Exchange Act [17 C.F.R. § 240.3a51-1].

III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $15,000, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $883 .40, and a civil penalty in the amount of$120,000, pursuant to Section 21(d) ofthe Exchange Act [15 U.S.c. § 78u(d)], for a total of$135,883.40. Defendant shall satisfy this obligation by paying $135,883.40 within 14 days after entry of this Final Judgment to the Clerk of this Court, with a cover letter identifying George Speranza as a defendant in this action; setting forth the title and civil action number of this action and the name of this Court; and specifying that payment is made pursuant to this Final Judgment. Defendant shall simultaneously transmit photocopies of such payment and letter to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds, and no part of the funds shall be returned to Defendant. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28 U.S.C. § 1961.

03/06/2012 212 FINAL JUDGMENT AS TO GEORGE SPERANZA, in favor of U.S. Securities & Exchange Commission against George Sperenza. (See Judgment for details). Ordered by Judge Dora Lizette Irizarry on 3/1/2012. (Returned to chmbr's.). (Layne, Monique) (Entered: 03/06/2012)

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