Document ID: SEC-2009-1423-0001
Agency: sec
Document Type: Notice
Title: SpongeTech Delivery Systems, Inc.; Order of Suspension of Trading
Posted Date: 2009-10-07T04:00Z

[Federal Register: October 7, 2009 (Volume 74, Number 193)]
[Notices]               
[Page 51626]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07oc09-103]                         

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

 
SpongeTech Delivery Systems, Inc.; Order of Suspension of Trading

October 5, 2009.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
SpongeTech Delivery Systems, Inc. (``SpongeTech'') because questions 
have arisen regarding the accuracy of assertions in press releases to 
investors and in periodic reports filed with the Commission concerning, 
among other things: (1) The amount of sales and customer orders 
received by the company; (2) the company's investment agreements; and 
(3) the company'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 is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
above-listed company is suspended for the period from 9:30 a.m. EDT, on 
October 5, 2009 through 11:59 p.m. EDT, on October 16, 2009.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-24257 Filed 10-5-09; 4:15 pm]