Technology | 2009.09.25
SpongeTech® Delivery Systems, Inc. Announces Rescission of Investment Plans in GetFugu, Inc.
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc. (“SpongeTech” or the “Company”), “The Smarter Sponge™”, (OTCBB: SPNGE) announced today that the previously announced investment arrangement with GetFugu, Inc. has been rescinded. 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 util
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