SOURCE: Getfugu Inc.

Getfugu Inc.

April 27, 2009 10:17 ET

Getfugu Completes First Phase of Product Development and Appoints VP of Engineering

SAN FRANCISCO, CA--(Marketwire - April 27, 2009) - Getfugu Inc. (OTCBB: GFGU) has today announced that the company has successfully met the development milestones for all of its search tools (ARL, VRL and GRL) in connection with its recently announced launch plan.

"I am very pleased to be able to announce the completion of this important phase. The application has stood up well in trials and we are looking forward to the next phase of the build out," stated CEO Bernie Stolar.

There are two pieces to the Getfugu platform: server and client code. Input is provided through the client, interpreted on the mobile handset and information sent back to the server. The server then performs a search and returns the appropriate response which opens within the Getfugu application.

"Even in the first phase of development, our platform performs better than every other mobile search product we tested both in terms of speed and accuracy," Stolar continued.

Getfugu has four services within its application:

1. See It (ARL): "Vision recognition" The Getfugu application recognizes logos and products through any mobile phone camera.

2. Say It (VRL): "Voice recognition" The consumer can simply speak into the phone to retrieve content.

3. Find It (GRL): "Location recognition" For local content, Getfugu is designed to work with the GPS systems of today's mobile phones. The application will return content, based on the proximity to the user.

4. Get it (Hotspotting): Getfugu provides advertisers with a way to monetize their marketing efforts through a mobile e-commerce tool called Hot-Spotting, which enables the consumer to purchase or retrieve information on any item featured in the video simply by simply touching it on the screen.

Additionally, Getfugu announced the appointment of Ivan Kozhuharov as VP Engineering.

Mr. Kozhuharov has been spearheading development of the mobile search tool and brings more than 15 years' experience in fields such as software architectures, parallel programming and project management. He has a substantial product management history and has created a complete range of products for the semiconductors industry, machine vision, mobile development and computational finance. Mr. Kozhuharov holds a MBA, Master's degree in Industrial Management and Post Master degree in Telecommunications, also, a MCSD, MCAD, MCP.

"This is an important milestone for us to reach. It marks the end of the technical design, prototype and initial build stages and enables us to begin porting the application to specific models of handsets. We have working versions of the application on several mobile platforms and all have passed very rigorous internal and beta testing," said Mr. Kozhuharov, VP Engineering for Getfugu.

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.

Safe Harbor Statement

Cautionary Statement Concerning Forward-Looking Statements: This news release contains both historical and forward-looking statements. All statements which are not statements of historical fact are, or may be deemed to be, 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. These forward-looking statements are not based on historical facts, but rather reflect the Company's current expectations concerning future results and events. Similarly, statements that describe the Company's objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause the actual results, performance or achievements of the Company to be different from any future results, performance and achievements expressed or implied by these statements. These risks include among other risks, the factors described in the Company's news releases and filings with the Securities and Exchange Commission, including but not limited to the Company's 10K Annual Report as filed on Form 10-K for the period ending December 31, 2008. The forward-looking statements included in this document are made only as of the date of this document, and, under section 27A of the Securities Act and section 21E of the Exchange Act, the Company does not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Contact Information:
    Capital Group Communications
    Mark Bernhard