SpongeTech Delivery Systems, Inc. Submits Lawsuit Against GetFugu, Inc.

* Reuters is not responsible for the content in this press release.

Thu Oct 1, 2009 1:03pm EDT

NEW YORK--(Business Wire)--
SpongeTech Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge", (OTCBB:
SPNGE), today announced that the Company has filed a lawsuit in the United
States District Court for the Southern District of New York against GetFugu,
Inc. (OTCBB: GFGU). The complaint alleges a breach of contract, breach of
fiduciary duty, common law fraud, conversion, willful misconduct and unlawful
appropriation of funds by GetFugu and that SpongeTech is seeking to recover
funds which were delivered to GetFugu. An aggregate of $1,750,000 had been
advanced to GetFugu in anticipation of the entry into a definitive investment
agreement. 

On September 8, 2009, SpongeTech had announced that it was going to invest $4
million into GetFugu`s mobile-based web search and e-commerce technology, and
that SpongeTech would be the first company to utilize GetFugu`s innovative
mobile search platform. 

On September 24, 2009, SpongeTech announced the rescission of investment plans
in GetFugu and that GetFugu had advised the Company that it currently did not
have the funds to repay the $1,750,000 and that it was seeking alternative
financing sources to fund a reimbursement. 

About SpongeTech Delivery Systems, Inc.

SpongeTech Delivery Systems is a company which 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'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 Delivery Systems, Inc.
intends to globally brand its products as The Smarter Sponge. 

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.

SpongeTech Delivery Systems, Inc.
Investor Relations:
Bill Young, 877-218-8393
wayoung55@aol.com or info@spongetech.com

Copyright Business Wire 2009

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