Business
S&P Capital IQ Initiates Coverage on FONU2 Inc. in S&P Capital IQ Factual Stock Reports
S&P Capital IQ Initiates Coverage on FONU2 Inc. in S&P Capital IQ Factual Stock Reports.
About this update from Fonu2 Inc.
[{"type":"text","content":"\n\n\n\nS&P Capital IQ Initiates Coverage on FONU2 Inc. in S&P Capital IQ Factual Stock Reports\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nS&P Capital IQ Initiates Coverage on FONU2 Inc. in S&P Capital IQ Factual Stock Reports\nPR Newswire\nNEW YORK, June 1, 2015\n\n\n\n\n\n\n\n\n\nNEW YORK, June 1, 2015 /PRNewswire/ -- S&P Capital IQ (MHFI) announced today that it has commenced Factual Stock Report coverage on FONU2 Inc. \n\nFONU2 Inc. (FONU) is a film studio and production company that is developing a 1,560-acre, full-service production facility in Effingham, Georgia. The company also has an e-commerce division that is actively seeking acquisitions to integrate into the social media networks vis a vis the FONU2 platform.\n\nPre-construction and engineering have begun on the film studio site with the initial warehouses and sound stages to follow. Both the facility space and the equipment will be used by the company for its own productions and made available for rental to third parties.\n\nOn December 8, 2014, FONU2 acquired Studioplex City, LLC, and on February 10, 2015, the company acquired the lease to the 1,560-acre property in Effingham County, Georgia from Moon River Studios, Inc. The company has established a film division to build and operate a large-scale, full-service movie studio and produce motion pictures. The planned Studioplex will feature sound stages, production and post-production facilities, editing suites, warehouses, mills, and set fabrication facilities. The company is focusing on feature film projects that can be filmed on the company's property, or surrounding locations, to minimize costs and maximize efficiencies. \n\nFor its first project, FONU2 has engaged Penny Marshall to direct and Wendy Laski to co-produce the movie project Effa. On February 27, 2015, the company issued 166,666,667 common shares at a value of $0.06 per share to Eagle Productions, LLC to acquire the worldwide distribution rights for the film Effa. The company will be the sole and exclusive beneficiary of the worldwide exploitation rights of the pictu...