FT. LAUDERDALE, FL — (Marketwired) — 02/24/15 — (OTC PINK: FONU) (OTC PINK: FONUD) announced today that Penny Marshall has chosen to invest Four Hundred Twenty Five Thousand ($425,000) Dollars of her Directors fees in restricted stock in FONU2, Inc. In addition, her Manager, Michael Mann, has also opted to receive his proportion of his fee in restricted shares of FONU2. Ms. Marshall is currently under contract to direct the movie .
Ms. Marshall is an accomplished, award winning television and movie, actress, producer, and director. Her first movie as a Director was starring Whoopi Goldberg. Ms. Marshall has directed a number of successful feature films, including starring Tom Hanks (the first film directed by a female director to gross over $100 million), starring Robin Williams and Robert De Niro, which was nominated for a Best Picture Academy Award in 1991, starring Geena Davis, Tom Hanks, Madonna and Rosie O–Donnell, which also grossed over $100 million, starring Denzel Washington and Whitney Houston and starring Drew Barrymore.
Roger Miguel, Chief Executive Officer of FONU2, stated, “We are extremely proud to have Ms. Marshall become our largest single shareholder in the Company. I think it demonstrates her commitment to both the Company and the potential of the Effa film project. As we continue preparations for the movie, excitement continues to build for a movie that should become an instant classic.”
Under agreed upon terms and conditions, the Company has agreed to guarantee the value of the shares for a period of six months, and has the right to make up any shortfall in value in cash or stock. The shares were issued at a price of $0.06 per share, representing a premium to the current market price.
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 .
FONU2 Corporate Relations
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