FONU2 Inc (FONU)

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FONU2 Inc. Seeking Strategic Acquisition Partner

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.