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FONU2 Announces Christian Walker as Chief Technology OfficerMission Is to Be the Everyday Marketing Tool and Payment Platform (May 23, 2012)
FORT LAUDERDALE, FL -- (Marketwire) -- 05/23/12 -- FONU2, Inc. (OTCQB: FONU) (OTCBB: FONU), a social media platform and mobile apps company featuring a unique high volume booking and notification system, today announced it has appointed Christian Walker as Chief Technology Officer. An experienced entrepreneur, technology innovator, and veteran of numerous successful Silicon Valley startups, Walker comes most recently from Frog Design where he led development of their white label shared viewing application for connecting television viewers in real time.
"Christian's experience innovating not only technology solutions, but in building networked applications for connecting people around their shared interests and activities, will be invaluable as FONU2 enters final development of our disruptive jobs and payments platform (a new paradigm)," said Jeffrey Pollitt, President of FONU2.
"The strategy FONU2 has in place for redefining how people work and get paid is one of the most exciting business opportunities I have worked with," said Walker. "Leveraging existing technology and social platforms is key to quickly gaining traction in new markets as they appear. FONU2's business strategy is a great fit for my lean and rapid development philosophies. Together we will quickly deliver solutions for how people find and get paid for work."
Prior to coming to FONU2, Mr. Walker was chief architect of MFoundry's mobile development platform, mWorks, which today is one of the industry leaders in developing mobile banking solutions. Walker also designed and built the transactional engine for online travel site Orbitz, which remains one of the web's busiest transactional sites. Walker most recently won a Webby award for his work on Wired.com's "Making the Nebula" iPad application.
HIGH LEVEL BUSINESS DESCRIPTION:
FONU2 is a consumer financial services company that provides a precision mobile sales and marketing platform that functions like an order reservations and booking system. Based on the FONU2 loadable MasterCard-Visa card, people via their mobile fones and computers list, buy, sell, trade services and items locally in any neighborhood anywhere in the world; and get paid with the FONU2 end-to-end mobile fone payment card system.
The FONU2 mission is to be the everyday marketing tool and payment card platform that millions of people around the world use daily to get paid and become more financially productive.
FONU2 Platform and Services include proprietary, fully-integrated payments with critical functions required to acquire cardholders; process transactions; maintain account-level data; communicate with cardholders; manage risk; ensure regulatory compliance; and stay in close contact with FONU2 issuing banks as well as FONU2 distributors.
These integrated capabilities allow FONU2 to customize products and services for different markets, distribution channels and customer segments. FONU2 processing of transactions on the FONU2 platform, provides unique and extensive insight into the attitudes, characteristics and buying behavior of consumers.
For more information please visit FONU2.COM or call 650.204.7878
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
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