FONU2 Issues Film Studio Construction Update

Jul 15, 2015, 08:22 ET from FONU2, Inc.

RINCON, Ga., July 15, 2015 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2") announced today that bid packages for the initial construction of the main entrance, the road to the first phase, and water lines from the water tower to the first phase have been completed, and have been distributed to local contractors.

"We have had a number of local qualified contractors express their interest in bidding on this project," stated Steven Wohlfeil, Principal with Hussey Gay Bell, civil engineers for FONU2.  "We expect for bids to be received on July 21, 2015, and for the Company to award the contract in the first half of August 2015, pending issuance of required permits."

About FONU2 Inc.

FONU2 Inc. is a film studio and social commerce company that is actively developing a 1,560 acre film studio complex in Effingham County, Georgia. The studio operates under the name Moon River Studios, Inc., inspired by Savannah musician Johnny Mercer's song "Moon River" from Breakfast at Tiffany's. The facilities and the equipment will be available for rental to production companies as well as utilized by the Company for its own films.

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.

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