NEW YORK, Sept. 4, 2009 (GLOBE NEWSWIRE) -- GetFugu, Inc. ("GetFugu") (OTCBB:GFGU), www.getfugu.com, revealed today that Vanity Events Holding, Inc. ("Vanity") (OTCBB:VAEV), has agreed to a strategic investment of $1 million into the Company, which will debut its revolutionary new mobile search tools on 09/09/09. GetFugu's already proven, proprietary technology, is capable of recognizing specific company logos embedded in television images in real time. Making use of the 3 billion mobile phones deployed around the world, advertisers can, for the first time, direct interested users to websites designed specifically for a targeted demographic group. This technology is unique to GetFugu because it covers the entire image on a television and performs the search in real time, as images on the television move.
Bernie Stolar, CEO of GetFugu commented, "This investment and strategic engagement from Vanity demonstrates their confidence in our technology and market awareness as we are about to launch our platform, next Thursday, to the public. GetFugu is in a position to begin capturing the value we have been working to create since our inception."
GetFugu will premiere its unique "See It," vision recognition (ARL) "Say It," voice recognition (VRL); "Find It," location recognition (GRL); and "Get It," Hot-Spotting services 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. GetFugu offers ease of operation and direct connection to the Internet without tedious typing of URL addresses on small keyboards.
"We have seen GetFugu's mobile search platform in action," commented Steven Moskowitz, CEO of Vanity. "We are excited about this opportunity to be involved with what we feel is the future to how products will be marketed and branded, utilizing consumers to play an active role in the success of a brand receiving global recognition and drive product sales."
About GetFugu:
GetFugu, Inc. 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.
About Vanity Events Holding, Inc.:
Headquartered in New York, New York, Vanity Events Holding, Inc. is a holding company with numerous expanding lines of business. Vanity intends to establish a cleaning service division offering a full range of daily or weekly residential and commercial cleaning services for homes and businesses and to franchise the cleaning company at a national level. Vanity also controls, develops, and promotes various consumer and commercial products which it intends to bring to market. In addition, the Company licenses images and promotes merchandise and events worldwide. Vanity target markets for its licensing business include apparel and apparel accessories, cosmetics, mobile phones, computers, and the Internet.