Bangkok--19 May--Marketwire
Getfugu Inc. (OTCBB: GFGU) the next generation mobile search tool, has today announced the addition of entertainment veteran Michael Jay Solomon to its Board of Directors. Solomon is an industry pioneer and a respected visionary having been responsible for creating television syndication through Telepictures Corporation (NASDAQ), the company he co-founded in 1978 (Chairman/CEO) which went on to become the largest television syndication company in the U.S.
Solomon's company Telepictures later merged to form Lorimar Telepictures Corp. (American Stock Exchange) and Solomon became the new company's President. With his partners Solomon led Lorimar Telepictures to become the largest television production and distribution company of U.S. television syndication product in the world, producing and distributing world renowned TV series such as "Dallas," "Falcon Crest," and "Knot's Landing" amongst many others. Lorimar Telepictures was later acquired by Warner Bros. and Solomon became President of Warner Bros. International Television, heading up the company's sales and marketing to television, cable and satellite companies internationally. Under his leadership, Warner Bros. became the largest (by 2.5 times) TV program distribution company in the world. He was also responsible for investments in the telecommunications area internationally. He is a co-founder of HBO OLE, the leading pay-TV service in Latin America, and opened the door to Western programming in China, Russia, India and many more third-world countries. He was the first international distributor of The Grammy's, MTV and "E" Entertainment Channel, and is a Founder of the American Film Market Association.
Previous to this, Solomon had worked for 8 years at United Artists' and 14 years at MCA. He currently serves on the Board of Overseers of New York University's Stern School of Business for more than twenty years.
In more recent years Solomon has ventured into business with technology and new media companies, looking for the next big revolution that would change business as significantly as television syndication had. Prior to his involvement with Getfugu, other new media companies he has founded or operated include DreamStream, Shanghai Media Group Broadband (SMGBB), Vuemax Ltd and Anthem Digital, a global media and technology company creating and distributing content, video games and social networks via current and future media, including a new channel focusing on health and wellness. Of particular note is SMGBB (Shanghai Media Group Broadband) which streams Chinese language broadcast networks from China onto the internet, throughout China and outside of China. 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.
With more than 50 years' experience in the entertainment industry Solomon brings exceptional expertise to the Getfugu board that will help further drive the technology throughout the world.
"I'm delighted to be joining the board of Getfugu and to be a part of this impressive team and this ground-breaking technology, I truly feel it has the potential to make a big difference," said Solomon. "One of my first goals is to introduce VRLs and hot-spotting to my partners on our network in China, it's a natural fit and I can foresee huge revenue potential."
"It's great to hear that we will be adding the expertise of Michael Solomon to the board of Getfugu," said Getfugu CEO, Bernie Stolar. "He is an exceptional individual and a veteran in the industry, he will certainly bring many benefits to the board."
Led by CEO Bernie Stolar, former Game Evangelist at Google Inc, Getfugu is set to launch in Fall 2009. Phones with Getfugu installed will provide consumers with a completely new experience in web browsing and e-commerce. Offering four unique services -- See it (ARL), Say it (VRL), Find It (GRL) and Get It (Hot-Spotting) -- Getfugu offers the simplest and most convenient means to get the information you need and make the purchases you need right from the palm of your hand.
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 most recent quarterly report as filed on Form 10-Q for the period ended March 30, 2009. 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:
Investor Relations:
Capital Group Communications
Mark Bernhard
415-332-7200
Press Contacts:
Dawn Miller / Theo Dumont
T. 323 648 4151