October 12, 2009 (FinancialWire) — Vanity Events Holding, Inc. (OTCBB: VAEV) (Current Market Cap: $32.84 Mil.) said it has determined not to proceed with its investment plans in GetFugu, Inc.

The company had previously planned to invest $1 million into GetFugu’s mobile based web search and e-commerce technology.

In explaining the move, Vanity CEO Steven Moskowitz said, “We do believe their technology is exciting and could change the way consumers purchase products via their mobile phones and we wish them well on their launch.”

Vanity also claimed that, contrary “to any press releases or other statements issued” by GetFugu, the transaction was canceled prior to the execution of any definitive documentation between the parties and no funds were advanced or invested by Vanity.

New York-based Vanity Events Holdings plans to establish a cleaning service division offering a range of daily or weekly residential and commercial cleaning services for homes and businesses and to franchise the cleaning company at a national level.

Vanity also controls, develops, and promotes various consumer and commercial products which it plans to bring to market. It also licenses images and promotes merchandise and events. Vanity’s target markets for its licensing business include apparel and apparel accessories, cosmetics, mobile phones, computers, and the internet.

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