FT LAUDERDALE, FL — (Marketwired) — 02/18/15 — (OTC PINK: FONU) (OTC PINK: FONUD) announced today that on an unaudited basis, the Company has approximately $14,500,000 in net assets as a result of the recent acquisition of the 1,560 acre property in Effingham County, Georgia.
Roger Miguel, Chief Executive Officer of Fonu2 Inc. stated, “The acquisition of the leased property, along with the zero percent financing and the waiver of all property taxes for the term of the lease, was a huge home run for the company in my opinion. I am very pleased to see that the Company–s liquidity and shareholder base has been growing dramatically, and in management–s opinion, the stock is currently extremely undervalued. We shall be continuing our efforts to increase shareholder value and increase the visibility of our Company to attract a greater widespread investor base.”
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 .
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor”for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company–s periodic filings with the Securities and Exchange Commission.
Contact Information:
Fonu2 Corporate Relations
You must be logged in to post a comment Login