SAN FRANCISCO, Aug. 20, 2009 (GLOBE NEWSWIRE) -- GetFugu, Inc. (OTCBB:GFGU), www.getfugu.com, the next generation mobile search tool, has retained Cresta Capital Strategies, LLC, of Melville, New York, as its exclusive investment banker and Marcum LLP as its independent registered public accountants (taking effect with the Company's filing of its Form 10-Q for the quarter ending June 30, 2009).
"GetFugu believes that to become a world class organization, the proper supporting foundation and infrastructure must first be in place. To that end, the addition of Cresta and Marcum LLP is evidence of building that foundation," said Michael Jay Solomon, GetFugu's Chairman. "Cresta has a proven ability to raise capital for emerging technology companies such as ours and Marcum is one of the largest and most recognizable independent accounting firms in the U.S."
"Cresta is a middle market investment banking firm focused on long-term success for our clients as well as the investors who fund them," Avi Mirman, Cresta's Chairman commented. "Our relationship with clients and funding sources is built on experience, professionalism, integrity, and an attention to detail with a drive to succeed." Since 1999, the investment bankers at Cresta have advised on approximately $2 billion in M&A and financing transactions."
Marcum LLP was founded in 1951 and has grown to be one of the largest accounting firms in the U.S. with a significant SEC practice. Marcum LLP is also a founding member of the Leading Edge Alliance which is an international group of independently owned accounting firms.
GetFugu has assembled an experienced executive management team and board, including Telepictures Corporation founder Michael Jay Solomon past President of Lorimar Telepictures and Warner Bros. International Television, Bernard Stolar, CEO, GetFugu, and former Game Evangelist at Google, and Internet search pioneer and Ask Jeeves (Ask.com) founder David Warthen as the company's CTO.
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.
About Cresta Capital Strategies, LLC 1175 Walt Whitman Road, Suite 100 Melville, New York 11747 Phone: +1 631-424-9009 Fax: +1 631-424-9010 www.crestacap.com Member FINRA SIPC