SAN FRANCISCO, Sept. 25, 2009 (GLOBE NEWSWIRE) -- GetFugu, Inc. (OTCBB:GFGU), www.getfugu.com, the next generation mobile search tool, releases a letter to shareholders:
September 25, 2009
It has been an exciting month for GetFugu. We have met or exceeded all targets to date, have more than adequate funding to continue operations into the foreseeable future, and remain on track for next month's launch of our revolutionary new mobile search technology, which will include the full breadth of our application directed toward the consumer.
Beta Launch:
It has been just over 2 weeks since the September 9, 2009 soft launch of our "See It," "Say It," "Find It" vision, voice and location recognition services with an application for both the Android and Apple's iPhone platform. We have developed a unique set of tools that will change the way mobile phone users access the Internet around the world. GetFugu's technology frees consumers from their mobile phone keyboard, giving them instant access to entertainment, news, sport results, shopping, and more by a direct connection to the Internet simply by saying, or taking a picture of, the brand or service they're looking for.
We made a successful appearance at the NIBA conference this week, and have a growing list of partners including advertisers and brands with vision, who are excited to build on our new approach in mobile advertising.
We have received much comment from users and are working to strengthen an already powerful application. We are encouraged by the number of downloads and interest in the platform. It reaffirms our belief that GetFugu has the ability to change the way in which consumers use their mobile phones.
New Additions to Management Team:
You may have heard of our recent appointment of Derek Norton as COO. He has a long and storied career as a pioneer in telecommunications, and is the latest member of a significant management expansion program. We have also added several other members to our team, forming the core of our Operations and Marketing unit, which is already working on integrating a host of new advertisers and content into GetFugu.
What's Next:
In the near future, we will unveil the plans for our October consumer launch. This will be an opportunity for you to see the full reach of GetFugu and gauge its impact for consumers and advertisers.
We will announce progress and new advertising partnerships, and rollout to BlackBerry, in the 4th Quarter.
The next quarter will be full of further positive developments as we demonstrate the power of the platform and provide our consumers, partners and shareholders with real value.
Sincerely, Bernard Stoler Chief Executive Officer
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.
Disclaimer
Some statements contained herein may contain so-called "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made herein. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and GetFugu undertakes no obligation to update such statements. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.