RINCON, Ga., Sept. 1, 2015 /PRNewswire/ -- FONU2, Inc. (OTCQB: FONU) ("FONU2") announced today the next milestones towards the construction of its Moon River Studios, 1560 acre film production facility in Effingham County have been realized. Moon River Studios has received its land disturbance bond and permit to begin construction of the roads, waterlines and related infrastructure. These were the final remaining prerequisites to the execution of the contract award and the initiation of construction.
The Company expects physical construction to begin later this month, and will provide additional information once this date is confirmed. Since the acquisition of the lease in February of this year, Moon River Studios has completed the following milestones:
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Survey for Water Line
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April 2, 2015
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Updated Master Plan (submission)
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April 13, 2015
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Survey for Spine Road
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April 15, 2015
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Engineering Design for Water Line (submission)
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April 16, 2015
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Topo Survey for Studio Site (57 + acres)
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May 13, 2015
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Septic System Drain Field Survey (3+ acres)
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June 1, 2015
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Septic System Soil Investigation
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June 14, 2015
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Engineering Design for Spine Road (submission)
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June 15, 2015
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Revised Master Plan (submission)
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July 8, 2015
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Further Revised Master Plan (submission)
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July 14, 2015
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County Commission Approval of Master Plan
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July 21, 2015
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Initial Permit Approval and Completion of Bidding and Contract Award
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August 18, 2015
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Land Disturbance Permit and Bond issued
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August 28, 2015
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About FONU2 Inc.:
FONU2 is a publicly-traded company, that operates under the name Moon River Studios ("Moon River"). Moon River has a public private partnership with the Effingham County Industrial Development Authority, and the State of Georgia, to develop a 1,560 acre full service film production facility predominantly in Effingham, Georgia. Moon River's camera, grip and electric equipment rental subsidiary serves coastal Georgia and beyond. For additional information, visit our Website, www.Fonu2.com. You can also follow us on our social network, Facebook, Google + and Twitter.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
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SOURCE FONU2, Inc.