Tuesday, December 29, 2009

Getfugu receives $800,000 in funding

WEST HOLLYWOOD, USA: Getfugu Inc., the next generation mobile search tool, announced today that it has received $800,000 in gross proceeds from the closing of the first tranche of its $10 million financing commitment from Hutton International Investments, Ltd. and the private placement of restricted common stock to an accredited investor at $0.20 per share.

“We are pleased to continue expanding our opportunities for business development through our relationship with Hutton,” said Getfugu Co-Founder Carl Freer.

“We remain very excited about the growth potential of Getfugu and its new ‘See It, Say It, Get It’ mobile search technology,” commented Hsin-Hau Lu, Managing Director of Hutton. “We look forward to assisting Getfugu in its expansion efforts, particularly in the substantial Asian market where we believe it will be adopted quickly.”

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