Market Watch for week of 9/8/2009

[bigsandy]

ALLAS, Sep 8, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink
Sheets:EVFL) (the "Company") today announced that it has filed a "Supplemental
Information" filing which can be found on the Pink Sheets OTC Markets website
(www.pinksheets.com) under "Filings" for Evolution Fuels.

In the filing, the Company describes recent changes regarding the status of
certain litigation, including the award of a judgment in the amount of
$1,097,211.20. The judgment reflects the fact that the Company now has the
resources to pursue claims it has against other third parties, the fact that the
statute of limitations has not expired for these claims, and the fact that legal
counsel has advised that the Company has the merits to pursue these claims.

About Evolution Fuels, Inc.

The Company endeavors to market renewable transportation fuels at retail fuel
stations that will provide blends of ethanol from 10% to 85% (E10 to E85), and
biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the
development of a chain of renewable fuel stations that extend from Texas to
Mississippi that will be a combination of "Evolution Fuels"-branded fuel
stations/convenience stores and western-motif truck stops modeled after the
Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is
www.evolution-fuels.com.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning
of the federal securities laws. In this context, forward-looking statements may
address the Company's expected future business and financial performance, and
often contain words such as "anticipates," "believes," "estimates," "expects,"
"intends," "plans," "seeks," "will," and other terms with similar meaning. These
forward-looking statements by their nature address matters that are, to
different degrees, uncertain. Although the Company believes that the assumptions
upon which its forward-looking statements are based are reasonable, it can
provide no assurances that these assumptions will prove to be correct. In
connection with the "safe harbor" provisions of the federal securities laws,
including the Private Securities Litigation Reform Act of 1995, important
factors that, among others, could cause or result in actual results and
experience to differ materially from the Company's anticipated results,
projections, or other expectations are disclosed in the Company's filings with
the Securities and Exchange Commission. All forward-looking statements in this
press release are expressly qualified by such cautionary statements, risks, and
uncertainties, and by reference to the underlying assumptions.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Evolution Fuels, Inc.


By Staff

CONTACT: CONTACT: Evolution Fuels, Inc.

Randy Hepler, Media & Investor Relations

866-765-4940

investors@evolution-fuels.com




(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.

-0-




INDUSTRY KEYWORD: Energy Industries

SUBJECT CODE: ENERGY

STOCK MARKET

Stock Market News

Interesting, what does it all mean other than the SP is bouncing between 0 and .0001

[billhart22]

personally i would sell as deep in the green as possible and just wait till the r/s is complete. i stated if sirius was announcing a r/s i would do the same.

i dont know how much spng will retrace UP, but its too much of a gamble IMO. there may be a headfake up as MM's will try to dump higher shares.

i know you believe in the company and its product. you can always get back in when it becomes a safer ride.

im just trying to give you one view... i would hope other people here post their opinion on this R/S also. its a sensitive issue, but take emotions out of it. make money and dont lose it, thats what we're here for.

My post, right above yours agrees with you. I wouldn't want to get caught in a R/S if at all possible. I would take as much green as possible and then buy back in. Read the article in my post. It explains R/S consequences very well, but that is just my opinion and Bass's..nobody elses..do what you find to be right for your situation.

[billhart22]

Interesting, what does it all mean other than the SP is bouncing between 0 and .0001

That beats the hell out of me, lol. It came in my email, so I posted it.

[candleman]

personally i would sell as deep in the green as possible and just wait till the r/s is complete. i stated if sirius was announcing a r/s i would do the same.

i dont know how much spng will retrace UP, but its too much of a gamble IMO. there may be a headfake up as MM's will try to dump higher shares.

i know you believe in the company and its product. you can always get back in when it becomes a safer ride.

im just trying to give you one view... i would hope other people here post their opinion on this R/S also. its a sensitive issue, but take emotions out of it. make money and dont lose it, thats what we're here for.

I agree! You do not want to hold on through the split. But.....this is a great time to make some cash on a 2 penny move in one day. There may be several days ahead when that can happen. As the old saying goes. Buy low and sell high...but do it quickly!!

[billhart22]

Thanks Bill for that link. As a noob, R/S is like speaking greek to me.

No problem Sandy...It is a really good evaluation of a R/S. So read it and take it from there. There are tons of articles on R/S's and they pretty much add up to the same end.

[stang3O2]

Is EVFL changing its name?

[bigsandy]

Is anybody else's head spinning. Not used to so much activity on so many stocks......not complaining, but reminiscing about the days of watching one stock at a time....lol!

Hope you guys are making money today!

[billhart22]

SpongeTech® Delivery Systems, Inc. Invests $4 Million in GetFugu, Inc.
Date : 09/08/2009 @ 9:30AM
Source : Business Wire
Stock : SpongeTech® Delivery Systems, Inc. (SPNG)
Quote : 0.151 -0.053 (-25.98%) @ 10:52AM




SpongeTech® Delivery Systems, Inc. Invests $4 Million in GetFugu, Inc.

SpongeTech® Delivery Systems, Inc. ("SpongeTech") “The Smarter Sponge™”, (OTCBB: SPNG - News) announced today that the Company has agreed to invest $4 million in GetFugu, Inc. (“GetFugu”), a technology company that focuses on developing mobile search tools. The investment is a result of GetFugu’s successful customization of its mobile based web search and e-commerce technology specifically designed for SpongeTech. Investment banking firm, Cresta Capital Strategies LLC, was the advisor on the transaction. SpongeTech will be the first company 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 to buy SpongeTech products on-line. The 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.

“SpongeTech expects to be in over 100,000 locations nationwide by the end of the year. Purchases of our products are primarily impulse oriented, driven by our extensive branding and advertising campaigns. As we look to immediately satisfy our customers demand, utilizing the most personal and accessible device available, GetFugu will literally change the way consumers behave,” commented COO of SpongeTech, Steven Moskowitz.

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!

“Since SpongeTech derives most of their revenue from television advertising, it makes sense for them to partner with a company they believe could accomplish this breakthrough in technology, which will result in a sales engine never before seen,” commented Rich Jenkins, GetFugu’s co-founder and head of business development.

GetFugu, Inc. (OTCBB: GFGU.OB) is the first technology architect 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. Additionally, GetFugu offers the only mobile hot-spotting ecommerce platform available worldwide today. The GetFugu platform will be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide. For more information on GetFugu, visit: www.getfugu.com.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetechinc.com

About SpongeTech® Delivery Systems, Inc.

SpongeTech® Delivery Systems is a company that 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 involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's 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 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 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.

[billhart22]

SpongeTech® Delivery Systems Announces Reverse Stock Split to Move Closer to NASDAQ Listing
Date : 09/08/2009 @ 6:00AM
Source : Business Wire
Stock : SpongeTech® Delivery Systems, Inc. (SPNG)
Quote : 0.151 -0.053 (-25.98%) @ 10:53AM




SpongeTech® Delivery Systems Announces Reverse Stock Split to Move Closer to NASDAQ Listing

SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG) today announced that its Board of Directors has unanimously approved a reverse split of SpongeTech®’s issued and outstanding capital stock at a 1-for-100 split ratio. The reverse stock split, which is expected to take effect on September 22, 2009, subject to receipt of necessary regulatory approvals, has also been approved by the holders of more than a majority of SpongeTech’s voting capital stock.

The same 1-for-100 reverse stock split ratio will be used to effect the reverse stock split of SpongeTech®’s issued and outstanding common stock, Class B Stock and preferred stock. Accordingly, all stockholders will be affected proportionately.

“This reverse stock split – which we believe will bring our company’s Wall Street profile in synch with our business profile – is another important step in the development of SpongeTech,” said CEO Michael Metter. “Combined with our recent engagement of Deloitte Touche LLP as our public accountants and our plan to apply for a NASDAQ listing, the reverse stock split demonstrates our commitment to establishing SpongeTech as a world-class company whose capital structure, operations and infrastructure all match the impressive sales growth we are achieving.

“We continue to expand our product portfolio, licensing agreements, and sales and marketing programs, and are very excited about the record-breaking order flow these efforts are producing. Our July 2009 acquisition of Dicon Technologies, a recognized product innovator with exceptional R&D capabilities, established distribution channels in the U.S. and Asia, and many large, direct commercial customers, perfectly positions us to leverage the many exceptional opportunities in our targeted marketplace. We’re committed both to building SpongeTech into a global player and building shareholder value, and this step will help us realize each of these goals.”

An amendment has been filed with the Delaware Secretary of State that amends SpongeTech’s certificate of incorporation for the reverse stock split, effective as of 5:00 pm ET on September 22, 2009. SpongeTech has also begun the approval process with the appropriate regulatory authorities.

In conjunction with the reverse stock split, the Board of Directors and the holders of more than a majority of SpongeTech’s voting capital stock have approved a decrease in SpongeTech®’s authorized capital. The post-split authorized capital will be 900 million shares of common stock, 25 million shares of Class B Stock and 40 million shares of preferred stock.

As a result of the reverse stock split, every 100 shares of SpongeTech’s stock will be combined into one share. Options, warrants and other stock-based awards will be adjusted on a similar basis. SpongeTech will not issue fractional shares in connection with the reverse stock split. Any fractional share which might result from the reverse stock split will be rounded up to the nearest whole share.

About SpongeTech® Delivery Systems, Inc.

SpongeTech® Delivery Systems, Inc. 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.

[billhart22]

SpongeTech® Delivery Systems, Inc. To Host Number One Tennis Player at US Open for Autograph Session
Date : 09/03/2009 @ 3:30PM
Source : Business Wire
Stock : SpongeTech Delivery Systems, Inc. (SPNG)
Quote : 0.1507 -0.0533 (-26.13%) @ 10:54AM




SpongeTech® Delivery Systems, Inc. To Host Number One Tennis Player at US Open for Autograph Session

SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG), announced today that Dinara Safina, the world’s first ranked women’s tennis player, will be present at the SpongeTech promotional booth located on the grounds of the USTA Billie Jean King National Tennis Center to sign autographs during the 2009 US Open on Friday, September 4 from 1:00 p.m. – 2:00 p.m. SpongeTech will be featured on-site at the 2009 US Open through courtside signage in Arthur Ashe Stadium and their promotional booth on the grounds.

Dinara Safina is the world’s first ranked female tennis player. Russian-born Safina was the runner up at the 2009 French Open and a silver medalist at the 2008 Summer Olympics in Beijing. She has been a runner up in three Grand Slam singles tournaments and won the doubles title at the 2007 US Open with Natalie Dechy.

“We are thrilled to align ourselves with Ms. Safina, a premier tennis talent, to maximize our presence at a prestigious event that holds an international fan base," stated Michael Metter, CEO of SpongeTech. “We expect to have plenty of media exposure during the US Open and at the autograph signing session this Friday. SpongeTech has been provided a great opportunity to showcase our brand name worldwide during this 2 week event.”

SpongeTech has recently begun sponsoring multiple teams within the NFL, including the New York Giants and Jets. The Company continues to grow its sports sponsorship portfolio in 2009, which have included leveraging MLB teams and the World Football Challenge.

About USTA

The USTA is the national governing body for the sport of tennis in the U.S. and the leader in promoting and developing the growth of tennis at every level -- from local communities to the highest level of the professional game. A not-for-profit organization with 730,000 members, it invests 100% of its proceeds in growing the game. It owns and operates the US Open, the highest attended annual sporting event in the world, and launched the Olympus US Open Series linking 10 summer tournaments to the US Open. In addition, it owns the 94 Pro Circuit events throughout the U.S., is a minority owner and promotional partner of World Team Tennis, and selects the teams for the Davis Cup, Fed Cup, Olympic and Paralympic Games. The USTA philanthropic entity, USTA Serves, provides grants and scholarships and through tennis, helps underserved youth and people with disabilities to improve academics, build character and strive for excellence. For more information on the USTA, log on to usta.com.

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 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.