NEW YORK, June 1, 2015 /PRNewswire/ -- S&P Capital IQ (MHFI) announced today that it has commenced Factual Stock Report coverage on FONU2 Inc.

FONU2 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.

Pre-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.

On 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.

For 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 picture for all purposes, in perpetuity. Once the company has recouped its advance in full, the company and Eagle Productions will share in the net profits of the film, with the company to receive 99% and Eagle Productions to receive 1%.

On February 17, 2015, the company acquired the worldwide distribution rights for the movie Yellow, written and directed by Nick Cassavetes. Under terms of the agreement, FONU2 will receive a 10% distribution fee, and a 20% return on all funds expended associated with the acquisition of the rights, print and advertising, marketing, and other expenses associated with the release of the movie. As consideration, FONU2 has committed to provide these costs and fees, along with the assumption of a minimum of $540,000 of costs associated with the movie.

The company's social media division has invested in the development of a precision sales and marketing platform that integrates into the social media networks. The FONU2 platform offers members list, buy, sell and trade services locally in any neighborhood and anywhere in the world.

FONU2 Inc. continues to believe that its social commerce website offers potential for future income. However, this application requires significant further investment to commercialize this operation. The company is reviewing a number of potential synergistic acquisitions that could benefit from the social marketing platform.

On March 1, 2015, the company sold Zaldiva Inc., consisting of Zaldiva.com, Zaldiva.com Comics & Collectibles, Zaldiva Comics & Collectibles, and all of Zaldiva's inventory and intellectual property, for the purchase price of $10,100. The assets were sold to a former director of the company.

FONU2 Inc. is based in Rincon, Georgia.

S&P Capital IQ's Factual Stock Report coverage on FONU2 Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.fonu2.com for additional information.

About S&P Capital IQ's Factual Stock Reports

Currently profiling approximately 400 issuers, S&P Capital IQ (MHFI) Factual Stock Reports increase market awareness of issuers in the investment community with insightful commentary, key statistics, and relevant corporate information.  The Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information on the covered companies to reach a wide spectrum of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the Reports also capture recent company developments, a financial review, key operating information, industry and peer comparisons, Street Consensus, performance charts, business summary, fundamental data, and timely news stories. Coverage of these reports is underwritten by the issuer, therefore S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

S&P Capital IQ Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations.  S&P Capital IQ does not trade on its own account.

About S&P Capital IQ

S&P Capital IQ, a part of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.  For more information, visit www.spcapitaliq.com.

In the United States, research reports are prepared by Standard & Poor's Investment Advisory Services LLC, a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies.

SOURCE S&P Capital IQ