Fonu2, Inc.

January 07, 2015 08:42 ET

Fonu2 Announces Option and Purchase Agreement for "Effa" Screenplay

FT. LAUDERDALE, FL--(Marketwired - Jan 7, 2015) - Fonu2, Inc. (OTCQB: FONU) (OTCBB: FONU) ("Fonu2", "Company") announced today that it has acquired an eighteen (18) month Option and Purchase Agreement for the screenplay for the film project currently entitled "Effa."

Written by Jeffrey Miiller (spelling correct) and Byron Motley, based on the book "Queen of the Negro Leagues: Effa Manley and the Newark Eagles" written by James Overmyer, "Effa" is the story of a sports and equal rights pioneer who was the first women inducted into the Baseball Hall of Fame.

Penny Marshall ("A League of Their Own," "Awakenings," "Big"...) is already attached to direct the movie.

The Company is the lead production company of the movie. Wendi Laski (unit publicist "August: Osage County," "Silver Linings Playbook," The Fighter" "Anger Management"...) will produce the movie with Fonu2.

Roger Miguel, Chief Executive Officer of Fonu2, stated, "We are pleased to have secured the option to the rights of this prestigious script, as we move forward in a methodical fashion, with a top director already attached. We will be working with our finance team to place equity with institutional investors, along with a combination of state tax credits, domestic and foreign pre sales, and other traditional film finance mechanisms. We believe that this project has tremendous potential to benefit all of our stakeholders."

About Fonu2 Inc.:
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. Functioning like an order reservations and booking system, 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, 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.

Contact Information

  • Corporate Relations
    Daniel Wong
    Maximum Performance Advisors