Getfugu, Inc. Receives $800,000 in Funding

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Getfugu, Inc. (http://www.getfugu.com/) (OTCBB: GFGU), 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”

“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.”

For more detailed information on this transaction, see the Company’s current report on Form 8-K filed with the SEC on December 29, 2009.

About Hutton

Hutton International Investments, Ltd. is an institutional investor that assists dedicated management teams to fuel the expansion of small cap public companies. By supplying flexible and innovative financing solutions, Hutton seeks to unlock the full potential of previously resource-constrained businesses. Hutton pursues investment opportunities in public companies that have a sizable public float, a reasonable level of liquidity, and significant growth potential. The firm is uniquely positioned to structure, negotiate and execute transactions in a timely manner with a high degree of certainty.

For more information on Hutton, please visit www.huttonin.com.

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 ecommerce 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.