RINCON, Ga., July 7, 2015 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2") announced that they have filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to register the FONU2 shares that were issued to the Medient shareholders as part of the acquisition of the Effingham County IDA Lease and on behalf of Eagle Productions. Eagle Productions is the special purpose vehicle that was formed to produce the major motion picture "Effa". The registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold until the registration statement becomes effective.
"At long last, we are very happy to have filed this registration statement," stated Roger Miguel, CEO of FONU2. "Once the registration statement has been approved, we will initiate the distribution of 10 million FONU2 shares to the Medient (MDNT) shareholders of record on February 10, 2015."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, not shall there by any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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About FONU2, Inc.
FONU2, Inc. is a public private partnership film studio and production company that is developing a 1,560 acre full service production facility in Effingham, Georgia. The Company also 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.
SOURCE FONU2, Inc.