Last $0.0009 USD
Change Today -0.0003 / -25.00%
Volume 22.2M
FONU On Other Exchanges
As of 5:20 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

fonu2 inc (FONU) Snapshot

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10/31/13 - $0.13
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fonu2 inc (FONU) Details

FonU2, Inc. operates as a social commerce company. It develops and provides social commerce Website and mobile applications that offers mobile sales and marketing platform to sellers and buyers of services and products for order reservations and booking system. The company’s services include post and list services, buy and sell listings, jobs classified, and lost and found, as well as social networking and games. It also sells comic books, toys, and collectible items through its retail store in Florida, as well as through its Website and on eBay. The company was formerly known as Cygnus Internet, Inc. and changed its name to FONU2 Inc. in April 2012. FONU2 Inc. was founded in 2009 and is based in headquartered in Oakland Park, Florida.

4 Employees
Last Reported Date: 01/6/14
Founded in 2009

fonu2 inc (FONU) Top Compensated Officers

Chairman and Chief Financial Officer
Total Annual Compensation: --
Company Secretary and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

fonu2 inc (FONU) Key Developments

FONU2 Inc. Announces Management Changes

On October 1, 2014, Robert B. Lees, Nicole Leigh and Roger Miguel, acting as the sole directors of FONU2 Inc., resolved to accept the resignation of Mr. Lees as the company’s President and Chief Executive Officer and to appoint Mr. Miguel to serve in such capacities. Mr. Lees will continue to serve as the Chief Financial Officer and as a director of the company. Mr. Miguel has over 30 years experience in the Information Technology Industry. He currently is serving as Chief Operating Officer at the company’s wholly-owned subsidiary, FONU2 CCN Inc., which includes responsibility for all corporate and administrative functions, sales, marketing, contract negotiations and strategic partnerships.

FONU2 Continues Search For Acquisition Partner

FONU2 Inc. (OTCPK:FONU) is making progress in finding an acquisition partner. FONU2 said that during the past two months they have been focusing on finding an acquisition partner and are making good progress. Over the past month FONU2 has looked at hundreds of candidate companies and has selected a few candidates to pursue in depth. At the moment FONU2 is still searching, however, FONU2 has a few good candidates that it is talking to. FONU2 has two objectives to fulfill with the acquisition, firstly, acquiring a strategic partner that can accelerate its growth and secondly, acquiring a growing company that has a solid track record of revenue growth, healthy earnings and free cash flow.

FONU2 Mulls Acquisitions

FONU2 Inc. (OTCPK:FONU) is looking for a strategic acquisition partner. They company announced that it was looking for one or more companies to acquire as part of a strategic expansion of its social commerce business. It has recently entered into an agreement for sourcing capital for the acquisition project and has retained the investment-banking firm as its exclusive financial advisor in connection with acquisition financing of up to $20 million 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.


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