FONU FONU2 Inc (PK)

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