SpongeTech's® Recent Highlights

• The Company's gross revenue* for FY2009 ending May 31, 2009 exceeded $50 million, versus $5.633 million in FY2008, an 888% increase.

• In FY2009, SPNG had pre-tax profits of $10 million, up 834% from $1.2 million for FY2008.

• New orders booked for the first three months of FY2010 (June 1, 2009 through August 31, 2009) shattered last year's record pace coming in at approximately $70 million*.

• In 2009 SpongeTech® expanded its licensing agreements with Nickelodeon and Viacom to market SpongeTech®’s SpongeBob Square Pants soap filled bath sponges. The Company's national marketing campaign was launched in early August.

• The Company acquired Dicon Technologies in 2009 for $4.5 million in cash, to further vertically integrate its research, development and manufacturing processes. SPNG expects to fully exploit Dicon's massive distribution networks worldwide.

• SpongeTech® recently signed agreements to partner with six NFL teams for the 2009-2010 season with several more signings expected prior to the season opener. The Company has also greatly expanded its MLB presence and is now featured in 28 major league ballparks.

• SpongeTech® expanded its partnerships with the NHRA and NASCAR circuits, greatly increasing its visibility by signing a sponsorship deal with the Mike Ashley NHRA Race Team.

• During FY2009 SpongeTech® expanded its presence to over 40,000 retail venues in the U.S. and Canada, up from 1,700 stores 12 months earlier.

• SpongeTech® recently entered into an agreement with Wakefern Farms for merchandise placement in ShopRite, a retailer who serves over five million customers each week.

• SpongeTech® has again signed with QVC to market Uncle Norman’s Pet Sponge during QVC’s Happy Hour. This ongoing program has the potential to reach up to 141 million consumers.