SOURCE: FONU2, Inc.

FONU2, Inc.

FONU2, Inc.

July 06, 2015 09:56 ET

UPDATE - Moon River Studios Is Now America's Largest Film Studio Project

East Coast Film Studio Acquires AppleBox Productions

RINCON, GA--(Marketwired - Jul 6, 2015) -  Moon River Studios announced today that it has completed the acquisition of AppleBox Productions, North Florida's largest grip and lighting equipment house. Moon River Studios is the largest film studio development project in the nation.

A division of FONU2, Inc. (OTCQB: FONU), Moon River Studios is currently developing a 1,560 acre full service production complex in Effingham, Georgia. Channeling the mega-studio glory days from the 1930's and 1940's, these state of the art facilities will include sound stages, acres of scenic landscapes, an outdoor concert venue, production and post-production offices, editing suites, warehouses, mills and set fabrication services. As of this week, it will also include the largest equipment rental inventory available to film, television and commercial production crews in Coastal Georgia. Due to the proximity of Effingham County, the Company will continue to serve Applebox;s customers in Florida and South Carolina,.

Home to films such as Forrest Gump (Tom Hanks, Robin Wright), Midnight in the Garden of Good & Evil (John Cusack, Kevin Spacey) as well as Magic Mike XXL (Channing Tatum), Savannah and Coastal Georgia boast a rich history of highly successful films being shot on location. The addition of the film infrastructure that Moon River will be providing is expected to generate significant growth for the film industry in Coastal Georgia. Georgia currently is ranked number 1 in the nation for growth in the film industry.

"We are thrilled to announce the acquisition of AppleBox Productions and see it as a major milestone not only for Moon River Studios and its shareholders, but also for the infrastructure of Georgia's booming film industry," stated Jake Shapiro, Chairman of the Board of FONU2. "Any Georgia based film productions that rent from us will qualify for the 30-percent tax credit on our film equipment rentals to them. We believe this acquisition will positively affect not only Moon River Studios' future endeavors but also coastal Georgia as a whole."

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.

Contact Information

  • Media Contact Information

    Lauren Sachs
    Media Relations Manager
    RUBENSTEIN PUBLIC RELATIONS
    1345 Avenue of the Americas
    New York, NY 10105
    T: 212.843.8392
    F: 212.843.9200
    lsachs@rubensteinpr.com

    RUBENSTEIN PUBLIC RELATIONS
    1345 AVENUE OF THE AMERICAS
    NEW YORK, NY
    www.rubensteinpr.com

    RUBENSTEIN PUBLIC RELATIONS
    CONTACT: LAUREN SACHS
    212-843-8392
    lsachs@rubensteinpr.com