SOURCE: Getfugu

Getfugu

August 27, 2010 06:00 ET

Federal Court Throws Out Frivolous RICO Claims Against Getfugu

WEST HOLLYWOOD, CA--(Marketwire - August 27, 2010) -  Getfugu (OTCBB: GFGU), the next generation mobile search tool, today announced that U.S. District Court Judge George H. King has dismissed a civil RICO lawsuit brought against the Company and its officers and directors. The court determined that there was absolutely no valid basis to file a lawsuit accusing the company of being a racketeer influenced corrupt organization, denied leave to amend, and dismissed the claims with prejudice.

"After a detailed and thorough review of all the allegations, the judge has found that plaintiffs' RICO claims never even should have been filed," said the Company's attorney, John C. Kirkland, a partner at Luce, Forward, Hamilton & Scripps LLP. "They were utterly and completely without any legal merit whatsoever."

"This is a new day for Getfugu," said Rich Jenkins, the Company's Co-Founder. "The floodgates have been opened for a host of new business opportunities that have been held up because of these spurious and unfounded claims. We expect now to be able to swiftly activate our business plan, which emphasizes Augmented Reality in commerce, entertainment, sports, and even politics."

"The Federal Court decision today means that the cloud under which we have unjustifiably been forced to operate over the last nine months has been lifted," observed Carl Freer, GFGU's Co-Founder and Chief Executive. "Having this frivolous lawsuit thrown out will allow us to begin rebuilding revenue and re-establishing stakeholder confidence that was wrongfully put on hold. We look forward to rapidly regaining our advanced position in the further development of 'See it, Say it, Get it' technology to connect consumers and manufacturers."

About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile e-commerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.

For more information on Getfugu, please visit our website at: www.Getfugu.com 

Forward-Looking Statements
Except for statements of historical fact, the matters discussed above are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, intense competition, and difficulty in developing, exploiting and protecting proprietary technologies; as well as additional risks factors discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the company undertakes no obligation to update any information.