RINCON, Ga., Jan. 19, 2016 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2", "Moon River" or "Company") announced today that in co-production with Myles Nestel and Craig Chapman of The Solution Entertainment Group LLC, Scott Mann and James Edward Barker of Mann Made Films Ltd, Steven Schneider (Insidious, Paranormal Activity, The Visit), and Wendy Rhoads (Haunting in Connecticut, The Perfect Guy), the Company has signed agreements to finance and produce the motion picture film, Mara.
Steven Schneider's films, according to Box Office Mojo, have a cumulative lifetime US box office of over $553 Million, with each film averaging $61.5 Million in box office.
The Solution Entertainment Group will be managing all international sales for the film. Moon River will invest $800,000 as equity in the film, which will be shot and produced entirely on location in coastal Georgia. The Moon River financing is being provided by a NY based private equity firm, and is collateralized by the project, with no stock conversion features. The balance of the approximate $2,500,000 film budget will be financed through a combination of foreign sales and tax credits. The film was introduced by the Company's newly appointed Mary Aloe (Executive Producer) and Dan Grodnik, (Producer) Heads of Packaging and Production respectively, through the Grodnik/Aloe Productions deal with Moon River.
Mara is based upon a real medical condition called "Sleep Paralysis." Multiple cultures around the world over many millennia have real life stories about a sleep demon aka demonic attacks also known as "Hag Syndrome." Mara is a well-researched film based upon real life phenomena and is happening to an estimated 40% of humans around the world. It is when a person is in this state of "Sleep Paralysis" that they feel a presence of a supernatural malevolent being which immobilizes the person as if it is sitting on his/her chest. The word "night-mare" or "nightmare" was used to describe this phenomenon before the word acquired its' modern, more general meaning. Has it happened to you? If not, it just might…when you least expect her.
About FONU2 Inc.
FONU2 is a publicly traded company that operates under the name Moon River Studios ("Moon River"). Moon River has a public private partnership with the Effingham County Industrial Development Authority, and the State of Georgia, to develop a full service film production facility in Effingham, Georgia. Moon River's camera, grip and electric equipment rental subsidiary serves coastal Georgia and beyond. 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.
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