FONU2 Inc. Announces Acquisition of Worldwide Rights to the Film Production of "Effa"
(firmenpresse) - FT. LAUDERDALE, FL -- (Marketwired) -- 03/03/15 -- (OTC PINK: FONU) ("FONU2") announced today it has acquired the worldwide distribution rights to the film "Effa" to be produced by Eagle Productions LLC, a Georgia corporation formed for the sole purpose of film production. As consideration for the worldwide distribution rights, the Company issued Ten Million Dollars of restricted common stock at six cents per share. The shares will be registered under a filing with the Securities and Exchange Commission. The use of the funds realized will be exclusively for film production of the major motion picture currently titled Effa.
"The Effa project continues to move forward on a daily basis," stated Wendi Laski, co-producer of Effa and managing member of Eagle Productions. "I passionately believe that with Penny Marshall at the creative helm, and the amazing talent that she and this project is attracting, the film is destined to become an immediate classic." Ms. Laski further added, "Governor Nathan Deal and the Georgia state government have done an amazing job at building a home for the film industry in the Southeast. We are excited to recreate Newark and New York City there and we are thankful for all the support that we have been receiving for our project."
Jake Shapiro, Chairman of FONU2, added, "We have been in serious discussions with a number of prestigious Investment Banks. We intend to form a syndicate to have these shares placed with major financial institutions. We believe that this will facilitate the Company attracting institutional research, along with an eventual up listing to a national exchange. It is expected that the balance of the film''s estimated $21,000,000 budget will come from a combination of tax credits, pre sales, and debt financing." He further added, "With a number of Penny''s films breaking the $100,000,000 box office level, along with films like , , etc., we are confident that the Company and its shareholders will profit greatly from its investment in this project."
FONU2 is a film production and social commerce company that is developing a precision sales and marketing platform that integrates into the social media networks. The Fonu2 platform offers members list, buy, sell, and trade services locally in any neighborhood and anywhere in the world. For additional information, visit our website, . You can also follow us on our social network, , and .
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Datum: 03.03.2015 - 07:00 Uhr
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News-ID 1341343
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