SPNG - Back To Pre-Suspension Levels

SPNG has now returned to $.06, the price it closed at on the Friday the SEC suspended trading.  It has been a remarkable few trading sessions.

Today SPNG released some news, which is posted below, that seemed to renew interest in the stock.  We still feel this is not a stock to hold until the legal matters are resolved.  But if momentum can keep going SPNG could see $.10 sometime next week.  That would be a remarkable comeback.  Even at $.06 this stock has defied the odds.

SpongeTech(R) Delivery Systems, Inc. Partners with Chicago Blackhawks for the 2009 NHL Season
SpongeTech(R) continues to tap the National Hockey League and continues to grow its team sponsorship portfolio for 2009
NEW YORK, Oct 22, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTC: SPNG) is pleased to announce today that the Company has partnered with one of the NHL's Original Six teams, the Chicago Blackhawks. SpongeTech will have a rink-side permanent wall signage all season and SpongeTech's products will be sold and marketed within grocery chain, Dominick's, in conjunction with the Chicago partnership. This deal continues to establish SpongeTech as a major player in the U.S. sports sponsorship landscape. "We look forward to a rewarding relationship with the Chicago Blackhawks," stated Steven Moskowitz, COO of SpongeTech. "This partnership will allow us to enter an additional distribution channel in the third largest city in the U.S., the Windy City, and we look forward to expanding our presence in Chicago with the help of the Blackhawks and Dominick's."
SpongeTech currently sponsors the New York Rangers and eight National Football League teams. The Company continues to grow its sports sponsorship portfolio, previously leveraging Major League Baseball teams, the World Football Challenge, the US Open and professional boxing.


SpongeTech(R) Delivery Systems, Inc. Partners with Cleveland Cavaliers for the 2009 National Basketball Association Season
SpongeTech(R) leverages the NBA as a major marketing and advertising platform
NEW YORK, Oct 21, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTC: SPNG) is pleased to announce today that the Company has partnered with NBA team, Cleveland Cavaliers. SpongeTech has become a proud partner of the Cavaliers and will receive prominent courtside signage and media exposure through their partnership. This deal continues to establish SpongeTech as the newest major player in the US sports sponsorship landscape. "We are continuing to build our brand presence in Cleveland as the Cavaliers are the fifth professional sports team that we sponsor in Ohio," stated Steven Moskowitz, COO of SpongeTech.
SpongeTech currently sponsors the New York Knicks, multiple National Hockey League teams and eight National Football League teams. The Company continues to grow its sports sponsorship portfolio, previously leveraging Major League Baseball teams, the World Football Challenge, the US Open and professional boxing.
About SpongeTech(R) Delivery Systems, Inc.