RINCON, Ga., July 20, 2015 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2") announced today that it has engaged Atlanta, Georgia based HDH Advisors, LLC ("HDH") to prepare the feasibility study in support of the Company's EB-5 application. EB-5 financing is a federally created program that facilitates foreign investment in United States based companies that generate new job creation. The proceeds from the financing will be utilized for the Company's construction of sound stages, offices, and film support services on its 1,560 acre property in Effingham County, Georgia.
HDH will be working closely with Lexden Capital, LLC ("Lexden") who are advising on and managing the EB-5 financed initial loan process expected to be between a minimum of Ten Million Dollars($10,000,000) and a maximum of Forty Nine Million Dollars($49,000,000).
Corley Thomas, Director in HDH's Atlanta office stated, "We are looking forward to working with the FONU2 management team and Lexden Capital on this substantial project."
Graham Bradstreet, CFO of FONU2, added, "Having worked previously with HDH, we have a huge level of respect for the skills and competence that HDH brings to our EB-5 application, and look forward to them working closely with us and the Lexden team."
Founded in 2007, HDH Advisors is focused on delivering high quality business appraisal, litigation support, financial advisory, and related professional services. It serves clients across the United States from offices in Atlanta, Georgia, and Des Moines, Iowa. HDH Advisors provided analytical work on a previous iteration of the studio project in Effingham Country, GA.
About FONU2 Inc.:
FONU2 is a public private partnership film studio and production company that is developing a 1,560 acre full service film production facility in Effingham, Georgia. It also has an equipment rental subsidiary serving coastal Georgia and beyond, and has an e-commerce division that is actively seeking acquisitions to integrate into the social media networks vis-a-vis the FONU2 platform. For additional information, visit our website, www.Fonu2.com. You can also follow us on our social network, Facebook, Google + and Twitter.
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.