SOURCE: Getfugu

April 19, 2010 08:30 ET

Letter to Shareholders of Getfugu

WEST HOLLYWOOD, CA--(Marketwire - April 19, 2010) - Getfugu (OTCBB: GFGU) --

From: Michael Jay Solomon

Good morning,

As you know, I have recently taken over the role of Chief Executive Officer of your Company. I remain the Chairman of the Board. There's nothing a CEO appreciates more than the continuing confidence of our organization's supporters. There is also nothing a CEO enjoys more than bringing good news to its owners -- its shareholders. And I do have good news.

I don't have to tell you that this past year has been challenging -- not only for GFGU, but also for the world economy. It appears the worst is over and belief is growing that world markets should stabilize in the latter half of this year. This is the opportunity we have been waiting for. Consumers are enthusiastically accepting new technology again -- the debut of the iPad has been very successful -- so has Google's Droid smartphone.

The new version of our application is done and submitted to Apple, and should be available in the next 10 days. We've added a live AR map, keyword sales and it is now available on 5 major phone platforms, including the most popular, iPhone, Blackberry, and Droid.

We have reached 100,000 downloads on beta version (pre-launch) of our app., a significant figure, since the average download for other apps is usually one-fifth of that. This indicates real curiosity about our technology, and what it can do for consumers, brand managers, manufacturers, and advertisers.

We introduced Getfugu to market at the widely attended CTIA to great acceptance. We held a trial version of the Logo Drive and registered half of the brands exhibiting there, which is a real accomplishment considering the wary nature of the tech crowd there.

We are now booking sales on the East Coast through a 2,000 person sales force, major brand proposals are going out to the Fortune 100 brands, some of which will surprise and delight you. And we have a blockbuster announcement to come in the next several weeks, so stay tuned.

Your Company recently announced some interesting partnerships, one of which involves the legendary Warren Buffett, who has lent his name to a very innovative way to use mobile to educate kids about money. We are very proud to be associated with him.

We also revealed a new licensing agreement with Gracenote® to provide music recognition for Getfugu's consumer lifestyle product. Using Gracenote's MusicID-Stream™, the new application enables Getfugu's users to identify music by holding their mobile device to the nearby audio source. More than 100 million tracks are available via Gracenote's Global Media Database.

We signed a strategic agreement with HyTech Professionals to develop mobile barcode applications to augment Getfugu's "See it," "Say it," and "Get it" with "Scan it." A barcode scanning facility embedded into the application will enable shoppers to visit local stores, for instance, supermarkets, and simply scan the barcode to get the product information.

And we re-engaged Nuance Communications, Inc., the Company that provides Getfugu's voice recognition interface, to enlarge our ability to deliver instant results to increasing numbers of global consumers who are downloading our 'See it,' 'Say it' and 'Get It,' ARL (Augmented Reality Links) and VRL (Voice Recognition Links), which gives consumers a direct connection to the Web.

Our ongoing technology collaboration with Texas Instruments continues, in which they and we are contributing research on one of the most innovative and exciting fields in technology today, human device interaction (HDI), merging a physical, real-world environment with virtual, computer-generated imagery on mobile devices. Look for more exciting news on this in the coming months.

I said in my acceptance of this role that Getfugu has the best technology, a great management team, and the most dedicated and hard working employees I have ever had the privilege to associate with. My vision of Getfugu's future is solidly progressive, and on behalf of our entire team, I think you for your patience, and your continuing belief in your Company's potential and prospects.

Sincerely,

MJS

Contact Information

  • Getfugu Company Contact:
    Michael Selsman
    Public Communications Co.
    310-553-5732
    Email Contact