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Zaldiva Executes Agreement to Purchase Assets of FonU2(March 07, 2012)
FORT LAUDERDALE, FL -- (Marketwire) -- 03/07/12 -- Zaldiva, Inc. (OTCQB: ZLDV) (OTCBB: ZLDV) is pleased to report that it has executed an Agreement and Plan of Reorganization providing for Zaldiva to purchase the assets of Cygnus Internet, Inc., dba FonU2, a developer of mobile applications bringing sellers and buyers of services and products together in real time. FonU2 is currently focused on marketing its mobile service to establish the "go to" destination for sellers and buyers to list and search for services/products, schedule appointments, and make payments, all in a real time mobile environment. Immediately following the closing of the asset purchase, Zaldiva intends to amend its Articles of Incorporation to change its name to "FonU2, Inc." The shares of common stock will continue to be quoted on the OTC Bulletin Board under the ticker: ZLDV until such time as Zaldiva files this amendment and FINRA assigns a new ticker symbol.
Commenting on the transaction, Jeff Pollitt, President of FonU2 stated, "The execution of this agreement begins the first phase of the Company's overall growth strategy. Our name change and listing as a publicly-traded company will provide FonU2 with increased visibility and greater access to the financial markets, as we continue to focus on marketing the FonU2 platform."
"FonU2 has created an application offering service and product providers with direct access to consumers in a real time mobile environment," said Charles S. Arnold, the transaction advisor representing FonU2. "The market for online advertising of services and products has been growing each year and FonU2's capability to integrate a real time payment system not only offers the consumer with flexible options for payment but allows the provider to complete a sale in an efficient and secure manner. The successful completion of the asset acquisition will represent a major milestone for FonU2 and should provide a basis to capitalize on product and distribution growth opportunities for other target markets relying on mobile payment solutions."
The terms of the Agreement and Plan of Reorganization are discussed in the Company's Current Report on Form 8-K, dated March 6, 2012, which is available for review on the SEC's web site: www.sec.gov. The closing of the Agreement is subject to certain contingencies, which are disclosed in the Form 8-K.
Customers and Markets:
By enabling millions to transact business on their mobiles FONU2.COM is infinitely scalable, and positioned to reach global markets and generate high transaction volumes right from launch. The FONU2.COM brand is globally recognizable and requires no international translation or rebranding. Growth Strategies include creating viral growth through massively scaled social networking campaigns, operating "super-charged" member retention and referral programs while reinforcing with traditional public relations and communications initiatives.
For more information call Nicole Leigh @ 954-938-4133
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.
Charles S. Arnold
(Investors and Media)
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