FONU2 Inc Announces Investment Banking Agreements for $20,000,000 in Acquisition Financing & $30,000,000 in a Firm Commitment...
22 April 2014 - 11:05PM
Marketwired
FONU2 Inc Announces Investment Banking Agreements for $20,000,000
in Acquisition Financing and $30,000,000 in a Firm Commitment
Public Offering
FORT LAUDERDALE, FL--(Marketwired - Apr 22, 2014) - FONU2
(OTCBB: FONU) (OTCQB: FONU) announced today that it has signed two
investment banking agreements with a leading New York-based
investment banking firm to assist in sourcing capital. The
investment banking firm was founded in 1925, is one of the oldest
in the United States, a member of the New York Stock Exchange and a
full-service broker-dealer employing over 500 people. The firm
manages two Morningstar-rated funds with over $2.8 Billion of
retail accounts, nearly 100 registered representatives and 20
investment advisors in six offices.
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. The acquisition
specifically targets several organizations that offer strategic
value to the continued development and marketing of FONU2's social
commerce platform. Specific terms and conditions must be met, which
the Company believes are reasonable and attainable.
The second agreement anticipates a public offering of
$30,000,000 on a firm commitment basis. The planned public
offering is subject to the Company's successful acquisition(s) of a
suitable organization.
The Company's CEO, Robert Lees, said, "We are exceedingly
pleased to establish this relationship with such a prestigious New
York Stock Exchange member firm, which validates our business plan
and the value of our social commerce platform. We expect the
assistance of this well established investment banker will
accelerate our growth. An aggressive acquisition program is
already under way, and we are beginning due diligence on several
acquisition targets. Our management team believes we can
satisfy the conditions in both investment banking agreements."
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
Contacts: Corporate Relations Daniel Wong Maximum Performance
Advisors 858.381.4677 Investor Relations Mark Kabbash EquityGroups
646.408.2661
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