SpongeTech(R) Delivery Systems, Inc. and GetFugu, Inc. Reach Amicable Accord

NEW YORK, Nov 06, 2009 (BUSINESS WIRE) --
SPNG | Quote | Chart | News | PowerRating -- SpongeTech(R)
Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)",
(OTC: SPNG), provides shareholders an update regarding its dispute with
GetFugu, Inc. (OTCBB: GFGU | Quote | Chart | News | PowerRating). Both companies have come to terms on the
original investment of $1,750,000 that was advanced by SpongeTech and
its affiliates back in September. Management of both SpongeTech and
GetFugu feel it is in the best interest of both parties to move forward
in good faith for the mutual benefit of the companies and their
respective shareholders. The aforementioned lawsuit will be dismissed
and SpongeTech will proceed with their investment, which will
immediately be converted into shares of GetFugu common stock.

GetFugu,
Inc. ("GetFugu"), is one of the first technology architect's to
provide a carrier agnostic, platform agnostic mobile search platform.
GetFugu will change the way people access the web with their mobile
phones. It is designed to encourage use of its applications by simply
integrating the mobile phones' core strengths (image recognition, voice
recognition, location recognition) into a single customizable
application.

GetFugu's unique "See It," vision recognition (ARL) "Say It," voice
recognition (VRL); "Find It," location recognition (GRL); and "Get It,"
Hot-Spotting services is targeted at the growing surge of the world's
population that regularly utilize mobile phones to search for
entertainment, news, sports, shopping, and every other thing available
on the Internet.

Under the terms agreed to by the parties, SpongeTech will be one of the
first companies to utilize GetFugu's innovative mobile search platform.
GetFugu will point SpongeTech consumers to the nearest retail location
that carries SpongeTech products based on the GPS functionality
available in most mobile phones and/or be automatically connected to
SpongeTech's corporate internet e-commerce portal where they can
purchase SpongeTech products on-line.

SpongeTech increased its national marketing and advertising budget this
year and has successfully partnered with numerous NBA, NFL and NHL
sports teams which include NBA teams: Charlotte Bobcats, Cleveland
Cavaliers and New York Knicks, NHL teams: Chicago Blackhawks and New
York Rangers and eight NFL teams for the 2009 season. The Company has
grown its impressive sports sponsorship portfolio, previously leveraging
Major League Baseball teams, the World Football Challenge, the US Open
and professional boxing.

"We are pleased that we can move forward with GetFugu and see their
platform in action," commented COO of SpongeTech, Steven Moskowitz. "Our
marketing strategy has placed the SpongeTech brand name in various
sporting venues across the U.S. and we believe GetFugu will increase the
excitement in our brand and help bring our brand to the next level."

The following video, http://spongetech.getfugu.com,
demonstrates how a consumer seeing a SpongeTech TV ad utilizes the
GetFugu platform to purchase a SpongeTech product. SpongeTech: See It,
Say It, Find It, Get It!

About SpongeTech(R) 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(TM) .

For more information, please visit the Company's website at: www.spongetechinc.com

Safe Harbor Statement

Under The Private Securities Litigation Reform Act of 1995: The
statements in this presentation 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 year ended May 31, 2008,
the Company's Quarterly Report on Form 10-QSB for the Third 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.

SpongeTech(R) Delivery Systems, Inc. 
Investor Relations, 1-877-776-6438 
info@spongetech.com

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