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FONU2 Building Social Commerce Facebook Application for Mobile Phones(May 30, 2012)
FORT LAUDERDALE, FL -- (Marketwire) -- 05/30/12 -- FONU2, Inc. (OTCQB: FONU) (OTCBB: FONU) today announced that, via its preferred developer relationship, it is building a high-performance application on Facebook that deeply integrates into the core Facebook experience. The FONU2 application works with many aspects of Facebook.com, including the News Feed, Localization and Notifications. All of the core Facebook Platform technologies are available to the FONU2 Application on Mobile and Desktop.
Building the FONU2.com Facebook application is a highly scalable, value-added compatible solution for FONU2, combining extreme social media management coupled with aggressive viral campaigns that bring people to FONU2.
"Over 425 million users access Facebook from a mobile device every month. The FONU2 Facebook Platform enables seamless social commerce experiences across a large variety of devices. Building the precision application on Facebook gives FONU2 the added reach to Facebook users and their friends on Facebook, bringing them to the FONU2 mobile app. The application creates a more engaging and personalized experience for FONU2," said Christian Walker, Chief Technology Officer (CTO) of FONU2 Inc.
"Our sustainability model converts visitors to members and maintains those members for life. Facebook's worldwide daily active users reached 526 million in March 2012 and we can expect Facebook to reach 1 billion monthly active users towards the end of October 2012. FONU2 is where people will go to use the site daily and make transactions with the FONU2 card," commented Jeffrey M. Pollitt, President and CEO of FONU2 Inc.
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 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.
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.
Visit www.FONU2.com or call Corporate 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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