Replies to post #208513 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pennyvet]

source?

[thanley]

TD AMERITRADE - Securities Alert
Delivered by Wall Street On Demand
Tue Sep 22 2009 8:06:16 AM EDT

Log On to your TD AMERITRADE Account:
https://wwws.ameritrade.com/cgi-bin/apps/LogIn

PR Newswire and BusinessWire News

============================================================

Spongetech Delivery Systems Inc SPNGE:OTC Bulletin Board Market

SpongeTech(R) Delivery Systems Cancels Reverse Stock Split BusinessWire
8:04 AM ET

SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The
Smarter Sponge(TM)", (OTCBB: SPNGE) today announced
that its Board of Directors has decided to cancel
its previously announced reverse stock split until
after the Form 10-K for the Company's fiscal year 2009 has
been filed.

CEO Michael Metter
said, "We originally planned for the reverse stock
split to take effect after the filing of our Form 10-K for
fiscal 2009 to give our shareholders the opportunity
to evaluate our financial performance and growth
prospects first. In light of the delay in filing, we
have decided that to proceed with the reverse stock split
would not be in the best interests of our
shareholders."

About SpongeTech(R)
Delivery Systems, Inc.

SpongeTech(R)
Delivery Systems, Inc. designs, produces, and markets unique
lines of reusable cleaning products for Car Care,
Child Care, Home Care and Pet Care usages. These
sponge-like products utilize SpongeTech(R)'s
proprietary, patent and patent-pending technologies and
other technologies involving hydrophilic
(liquid-absorbing) foam, polyurethane matrices or
other ingredients. The Company's sponge-like products are
pre-loaded with specially formulated ingredients such
as soap, conditioner and/or wax that are released
when the sponge is soaked and applied to a surface
with minimal pressure. SpongeTech is currently
exploring additional applications for its technology in the
health, beauty, and medical markets. SpongeTech(R)
Delivery Systems, Inc. intends to globally brand its
products as The Smarter Sponge(TM).

Safe
Harbor Statement

Under The Private
Securities Litigation Reform Act of 1995: The
statements in this press release that relate to the
Company's expectations with regard to the future
impact on the Company's results from new products in
development are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act
of 1995. The results anticipated by any or all of
these forward-looking statements may not occur.
Additional risks and uncertainties are set forth in the
Company's Annual Report on Form 10-KSB for the fiscal
year ended May 31, 2008 and the Company's Quarterly
Report on Form 10-Q for the third fiscal quarter
ended February 28, 2009. The Company undertakes no
obligation to publicly release the result of any revisions
to these forward-looking statements that may be made
to reflect events or circumstances after the date
hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.

SOURCE: SpongeTech(R)
Delivery Systems, Inc.


Lippert/Heilshorn & Associates 212-838-3777 Harriet
Fried / Jody Burfening (Investors) [e-mail]
or Adam Handelsman (Media) [e-mail]

[chipgiii]

WOW Looks like LegalTX (sp?) was on the money.

[ORCA]

Canceled until after the 10-k.So it is still coming.


Board of Directors has decided to cancel
its previously announced reverse stock split until
after the Form 10-K for the Company's fiscal year 2009 has
been filed.