Mexican Business Executive and Entrepreneur Jack Kahan to Spearhead Development
Getfugu, Inc., the next generation mobile search tool, is making its first step towards global expansion with a distribution licensing agreement with successful Mexican business executive and entrepreneur Jack Kahan. Kahan has a long and distinguished set of accomplishments. Former President of the US Mexico Chamber of Commerce, Kahan spearheaded the Latin American expansion of Dominos Pizza, and is a member of Mexico’s well established Kahan family, one of the first families to distribute Chrysler cars in the region, a legacy that has lasted over 80 years. The Kahan family was also the first to bring the McDonald’s brand to Mexico, opening its first restaurant in the territory. With the agreement, Kahan will introduce Getfugu to the Latin American territories.
“There are more mobile phones in Mexico, Brazil and Argentina than domestic phone lines. The 13 countries where we will distribute Getfugu have a combined market potential of 500 million people, making us one of the global leaders in the distribution of this revolutionary application,” said Jack Kahan. “The 13 new countries include Mexico, Argentina, Brazil, Colombia, Chile, Ecuador, El Salvador, Guatemala, Nicaragua, Panama, Peru, Uruguay and Venezuela. We will introduce Getfugu’s mobile search technology to the leading mobile phone companies including Telcel, Movistar, Nextel and Iusacel,” added Kahan.
Getfugu will continue its launch in the United States during the Fall of 2009. Europe and Asia will come next. By the end of 2011, Getfugu aims to make its application available to 90% of the world’s 4 Billion mobile phone users.
“This licensing agreement with Latin America is a critical part of our global launch plan, it’s a large and important territory. We couldn’t be more excited to have this deal and the fabulous Jack Kahan aboard to lead us,” said Getfugu Co-Founder Richard Jenkins.
Getfugu’s new mobile search tool enables consumers to experience the Internet and make purchases on cellular phones in an entirely new way by offering four unique services including:
See It, vision recognition (ARL)
Say It, voice recognition (VRL)
Find It, location recognition (GRL)
Get It, Hot-Spotting
In recent months, Getfugu, under the leadership and vision of CEO Bernard Stolar, has been assembling a roster of esteemed talent for its executive management and its board. Since joining Getfugu, Stolar, who is former Game Evangelist at Google, has appointed Internet search pioneer and Ask Jeeves (Ask.com) founder David Warthen as the company’s CTO. Additionally, Beth Doherty joined as Vice President of Network Sales, bringing in more than 20 years of experience in the high tech and entertainment software industries with senior positions at companies including THQ Wireless, Acclaim Entertainment and Sony Computer Entertainment America Inc. (SCEA).
Recently, Getfugu added entertainment industry veteran and Telepictures Corporation founder Michael Jay Solomon to its Board of Directors. Michael Jay Solomon is an entertainment industry veteran and past President of Lorimar Telepictures and Warner Bros. International Television. Solomon was credited as being the creator of television syndication and brings years of international experience at marketing and content distribution to the company. Mr. Solomon is currently a principal of Shanghai Media Group Broadband (SMGBB) which streams Chinese language broadcast networks from China onto the Internet; Solomon has an exclusive contract with Shanghai Media Group for the next ten years. Thus far, twenty channels have been launched in China and nine outside of China.
Getfugu anticipates a nationwide / worldwide launch in Fall 2009; for further information please visit http://www.getfugu.com/.
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.
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 and quarterly report. 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.
DATASOURCE: Getfugu, Inc.
CONTACT: Dawn Miller, , or Theo Dumont,
, both for Getfugu, Inc., +1-323-648-4151
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