Spongetech Delivery Systems Inc (fka SPNGQ)

[lucky, mydog]

Mr. Moskowitz has consented to the entry of a judgment, in the form of the proposed Judgment included in Attachment 1. The proposed Judgment would permanently enjoin Mr. Moskowitz from violating the provisions of the securities laws with which he was charged in the SEC’s action, bar him from serving as an officer or director of a public company, and bar him from participating in an offering of penny stock. The proposed Judgment further provides that Moskowitz shall pay disgorgement of ill-gotten gains, civil penalties, and reimbursement pursuant to Section 304 of the Sarbanes-Oxley Act in amounts to be determined by the Court at a future date, upon motion of the Commission.