SOURCE: FONU2 Inc.

FONU2 Inc.

April 29, 2014 07:00 ET

FONU2 Inc. Seeking Strategic Acquisition Partner

FORT LAUDERDALE, FL--(Marketwired - Apr 29, 2014) -  FONU2 (OTCBB: FONU) (OTCQB: FONU) announced today that it was looking for one or more companies to acquire as part of a strategic expansion of its social commerce business. Last week, the company announced that it has signed two investment-banking agreements with a leading NYSE member firm to assist in sourcing capital for the acquisition project.

Under the first agreement, FONU2 has retained the investment-banking firm as its exclusive financial advisor in connection with acquisition financing of up to $20,000,000 in debt and assist in the acquisition project. The company is seeking to acquire a strategic partner that can greatly accelerate its growth and help the company transform itself as its focus changes from developing the platform to operations and marketing. Ideally, FONU2 is seeking well-established technology and SEO advertising companies.

The Company's CEO, Robert Lees, said, "Our objective is to become a major player in the social commerce marketplace within a short timeframe and the quickest way to do that is through a major acquisition. FONU2 now enters into the next phase of its lifecycle and needs resources and capabilities associated with running a consumer marketing platform business. By acquiring a business partner with expertise in Social Media Marketing, SEO Marketing technology and possess a large network of established marketing partnerships, FONU2 can accelerate its growth and shorten the timeframe for becoming a leader in social commerce."

Over the past year the company has been developing it's social commerce platform, which is now "live" and available to the public. You can take FONU2 for a free test drive at www.fonu2.org and become one of its first members.

About FONU2 Inc.:

FONU2 is a social commerce company that provides a precision mobile sales and marketing platform that functions like an order reservations and booking system. Members via their mobile phones and computers list, buy, sell, and trade services and items locally in any neighborhood, anywhere in the world. For additional information, visit our website, www.Fonu2.com. You can also follow us on our social network, Facebook, Google + and Twitter.

The initial version of our social commerce website can be found at http://fonu2.org where visitors can sign up to become members for free and take a test drive.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's registration statement and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

Contact Information

  • Contacts:

    Corporate Relations
    Daniel Wong
    Maximum Performance Advisors
    858.381.4677

    Investor Relations
    Mark Kabbash
    EquityGroups
    646.408.2661