RINCON, Ga., July 23, 2015 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2") announced today that the Effingham County Board of Commissioners ("Commission") has approved the Company's Master Plan to develop a 1,560 acre full service film production facility. The approval by the Commission is another significant milestone that has been achieved, and was a necessary step prior to construction permits being issued. This follows a critical path that has been created by the Company's management team and its civil engineers. The milestones and dates completed include:
Survey for Water Line: April 2, 2015
Updated Master Plan (submission): April 13, 2015
Survey for Spine Road: April 15, 2015
Engineering Design for Water Line (submission): April 16, 2015
Topo Survey for Studio Site (57 +acres): May 13, 2015
Septic System Drain Field Survey (3+ acres): June 1, 2015
Septic System Soil Investigation: June 14, 2015
Engineering Design for Spine Road (submission): June 15, 2015
Revised Master Plan (submission): July 8, 2015
Further Revised Master Plan (submission): July 14, 2015
County Commission Approval of Master Plan: July 21, 2015
"This is an important project for the county and we are very excited to see the master plan approved," stated Rick Lott, Executive Director of the Effingham County Chamber of Commerce. "This project is led by a hard working, down-to-earth team, and Moon River Studio's success will have a profound effect on economic development for the region. I congratulate the team on this latest milestone."
About FONU2 Inc.:
FONU2 is a public private partnership film studio and production company that is developing a 1,560 acre full service film production facility in Effingham, Georgia. It also has an equipment rental subsidiary serving coastal Georgia and beyond, and has an e-commerce division that is actively seeking acquisitions to integrate into the social media networks vis-a-vis the FONU2 platform. 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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Company Profile
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” fromBreakfast 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.
Social Commerce
Fonu2 is a social commerce company developing a website and mobile app that will provide post-and-list services that are functionally rich with a state of the art, visually appealing, modern look and feel. The primary focus is a post-and-list advertising service that targets and promotes local commerce. However, Fonu2 is looking to expand its product line to offer a full suite of services supporting all aspects of social commerce. These services range from:
- Specialized applications like Professional Services Lead Generator, AutoFeeder, and ResiView, which focus on specific market sector needs to automate or simplify social commerce business functions.
- Systems Integration Services: Business to Social Commerce (B2SC) – Custom applications written to allow specific types of businesses to integrate their social commerce needs thru Fonu2.
- Social Commerce Middleware: Tools and utilities that support various aspects of social commerce, in order to simplify and make clients more productive and secure.
- Custom Website Development: Websites that take advantage of unique SEO technology and optimize marketing effectiveness.
With the objective of becoming the premier full service social commerce company, Fonu2 will continue to develop its proprietary website and mobile app. In addition, the company will seek strategic partnerships or acquisition of companies with the necessary resources, capabilities, and relationships that will enable rapid attainment of our goals. These will include:
- Technical workforce skilled in all aspects of web and mobile development technologies.
- Expertise in infrastructure management, networking and security.
- Expertise in SEO, social media marketing, traditional marketing with strong partner networks.
- Online merchant with significant social media or web commerce client base.
Symbol: FONU
52 Week Range: $0.0014-$2.36
Shares Outstanding: 234 M
Float: 43 M
Transfer Agent: ClearTrust
Avg Volume (3m): 24,020
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FONU's Partners
Effingham County Industrial Development Authority
The Effingham County Industrial Development Authority (IDA) is an economic development organization authorized by the Georgia State Constitution to promote trade and industry in Effingham County, Georgia. The IDA is responsible for planning sites for industrial development and recruiting new industries to support economic growth and well-being for the county. The IDA currently owns over 4,500 acres in planned industrial property. Effingham County is located within the Savannah, Georgia MSA and is well known for being business friendly, having an excellent public school system and great quality of life.
Foley Design Associates Architects, Inc.
Foley Design Associates Architects, Inc. is a multi-disciplined design firm located in Atlanta, Georgia. Bill Foley leads a team of professionals committed to design excellence, attention to detail, and personal service-responding to the needs of each client and achieving quality design solutions which will satisfy unique program and budget requirements.
Our team approach integrates the disciplines of architecture, land planning, and interior design assuring you a complete and fully coordinated project with design consistency throughout. This sole responsibility eliminates the need for you to intervene between consultants.
Our experience encompasses a variety of project types and has provided us with expertise in the design of sports and recreation facilities, country clubs, churches, hotels, restaurants, office buildings, corporate headquarters, broadcasting, and post-production facilities, schools, libraries, elderly housing, healthcare facilities, multi-family housing, community development, and development planning for commercial parks.
Hussey, Gay, Bell
For more than 50 years, Hussey, Gay, Bell (HGB) has built a firm foundation across the globe by providing innovative engineering and architectural solutions for a diverse array of clients.
As a full-service, multi-disciplinary firm, we offer exceptional service and experience in a comprehensive range of engineering disciplines — civil, water, wastewater, transportation, environmental, geotechnical, and structural. HGB’s architectural division develops designs for a full range of facility types, including educational, industrial, commercial, military, recreational, medical and mixed-use facilities.
Whether expanding into developing markets and new technologies around the world or adding services in anticipation of our clients’ needs, HGB has successfully demonstrated that every project is afforded our commitment to a thoughtful design that is both leading-edge and distinctive, regardless of size or complexity.
Choate Construction
Choate Construction Company generates Value based upon the balance and optimization of Quality, Cost and Schedule. Choate Construction’s unique Project Control System, with its detailed time management protocol and meticulous procedures, actually shortens construction time and lowers cost without reducing quality. Projects are delivered on time and within budget. Value is maximized, and as a result, return on investment for our clients. Value is the client’s ultimate goal; integrity and an unflinching dedication to performance is Choate’s – every project, every time.
Enterprise Rent-a-Car
Founded in 1957, Enterprise Rent-A-Car is an internationally recognized brand with more than 7,000 neighborhood and airport locations throughout North America and Europe. Through tremendous leadership and the entrepreneurial spirit of our employees, Enterprise is the largest car rental brand in North America, well-known for its great rates, award-winning customer service and picking up local car rental customers at no extra cost.
Senior Managment Team
Roger Miguel Director and Chief Executive Officer
Miguel has 30 years of successful experience working for Business and Information Technology Outsourcing leaders EDS/HP, Computer Sciences Corp (CSC) and Xerox Business Services. Miguel has achieved major successes managing business units with major Fortune 500 clients such as General Motors, Zurich Financial Services, DuPont, Nortel, Sears, and Johnson & Johnson.
Graham Bradstreet Chief Financial Officer
Bradstreet joined the Working Title Group of Companies in 1986 which later grew to become the UK’s pre-eminent production company. Bradstreet developed innovative film financing structures and the concept of insurance-backed financing. Through ICE Media, he raised in excess of US$1 Billion of insurance-backed funding that contributed to budgets in excess of US$3 Billion covering more than 100 movies, that generated an excess of US$7 Billion, for both the studio and independent sectors of the film industry.
Alice P. Neuhauser Chief Operating Officer
Alice has a broad range of operational entertainment experience in financial management, establishment and oversight of corporate, legal and accounting procedures, and business development and strategic planning. Over the course of her career, Ms. Neuhauser has arranged and managed project financing for motion pictures ranging in budget from $2 million to $100 million each, totaling approximately one half a billion dollars. Such financings included some of the largest independently financed pictures includingTerminator 2 (starring Arnold Schwarzenegger) and Cliffhanger(starring Sylvester Stallone). Ms. Neuhauser also managed two $100 million revolving film production credit facilities with two separate syndicates of banks, which helped finance such movies as Basic Instinct (starring Michael Douglas and Sharon Stone) andTotal Recall (starring Arnold Schwarzenegger and Sharon Stone). Alice developed a $100 million motion picture and television production facility from concept through 100% utilization. This 22-1/2 acre studio lot includes 14 state-of-the-art sound states, eight production buildings, a commissary, a four-story office building, and a parking garage. Alice is an honors graduate of Harvard College and earned her MBA from the Anderson School of Management at UCLA.
Board Members
Jake A. Shapiro Chairman of the Board
Mr. Joel “Jake” Shapiro, age 44, is a multi-decade financier and serial entrepreneur. He has served as a CEO, founder and consultant to a number of technology, infrastructure, entertainment, apparel and commercial product companies. Mr. Shapiro currently serves as Chairman of the Board of FONU2(OTCQB:FONU), and has previously served as the Chief Executive Officer of Medient Studios, Inc.
Mr. Shapiro has been an entertainment executive for the past five years, beginning with his founding of Big Jake Music Inc., which was subsequently acquired by a Hollywood based film production company.
Mr. Shapiro served as President of Lincoln Center Capital, Belle Haven Partners LLC, and its predecessor JS Capital LLC. He also served as the Chief Executive Officer of 360 Global Wine Company which had vineyard and winery operations domestically and overseas.
He began his finance career in 1992 at the investment-banking firm of M.H. Meyerson & Company. Mr. Shapiro was appointed as one of the youngest Senior Traders for the firm, where he served as a Principal and Executive Vice President, servicing institutional clients and specializing in domestic arbitrage. Mr. Shapiro graduated with honors from Rutgers University, where he also received his MBA with a concentration in finance. Mr. Shapiro also serves on the Tourism Committee of the Effingham County Chamber of Commerce.
Joe Giamichael Board Member
Giamichael is the founder and Chief Executive Officer of Umbrella Research and Advisory, an emerging growth research and advisory financial services boutique. He has extensive capital markets experience, including over a decade as a publishing analyst and several years as a trader with an emphasis on special situations, as well as having served as an advisor to a middle markets-oriented private equity firm. Giamichael earned his Bachelor of Science degree from Skidmore College and was previously employed by Global Hunter Securities LLC, Rodman and Renshaw LLC, CJS Securities LLC, and Knight Capital Group, and previously served as a board member for Medient Studios, Inc.
Team Members
Robert DuVall Vice President of Equipment Rental
Robert DuVall’s career spans 25 years in the technical and sales side of the entertainment industry. DuVall was previously the owner of Savannah Grip & Electric and Director of Audio Visuals at the Savannah International Trade & Convention Center. His expertise is in providing rental equipment, supplies, and crews, as well as consulting for live corporate events, commercials, music videos, television series, and feature films.
DuVall attended Savannah College of Art and Design for video and holds membership with I.A.T.S.E. Local 491 Studio Mechanics of the Carolinas and Savannah, GA.
Lisa Scarbrough Vice President of Social Media & Community Relations
As the Vice President of Social Media, Lisa’s responsibilities include updates on the Company’s websites, Fonu2.com and MoonRiverStudiosInc.com, as well as their respective social media. Lisa also oversees community relations for the company.
Prior to Moon River Studios, Lisa served as the Digital Properties and Online Community Manager for Paula Deen Enterprises and Paula Deen Ventures after having worked for eight years as senior web developer with local web site design and marketing firm eMarketSouth.
Lisa currently holds degrees from Andrew College, Georgia Southern University, and Duquesne University, and will complete her Master’s Degree in public relations this December from Kent State University.
In her spare time, Lisa serves as the director for Coastal Pet Rescue, an all-volunteer non-profit organization she founded in 2003, and is “Mom” to four-year-old Ian and nine-year-old DaVinci (her Rottweiler/Husky mix). She also serves on the Tourism Committee for the Effingham Chamber of Commerce.
Aubrey Storie Executive Assistant
As Executive Assistant, Aubrey is responsible for providing upper management support to CEO Jake Shapiro and the Executive Management team. Prior to joining Moon River Studios, Storie was employed as a Business Manager for Keller Williams Realty and as an Executive Assistant for the Regional Directors with Verizon.
Aubrey earned an undergraduate degree in Pre-Medicine at Armstrong State University in Savannah and was an original founder of the Alpha Sigma Tau sorority on Armstrong’s campus. The native of Kansas City, Kansas tutors undergraduates in Biology and Math and enjoys golf, kite boarding and bike riding in her leisure time.
Exciting News Release
News Alert: New Georgia film studio development a 'better Hollywood'? (FoxNews.com)
posted July 13, 2015
Chairman Jake Shapiro says the Georgia facility is an even "better Hollywood" thanks in large part to its location. “Georgia is the place to be, its on fire here in terms of the amount of work going on,” Shapiro told FOX411. “You wouldn’t naturally think to shoot a scene for the Lower East side in Savannah Georgia, but that what’s great about Georgia. Savannah has neighborhoods that look like Brooklyn and the Lower East Side. It has beaches that look like the Caribbean and can pass for the Hamptons, and Atlanta is a phenomenal city that can pass for most big cities in the world.” Click here to read the full story.
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