FONU2, Inc. announced today that Moon River Studios has signed a Letter of Intent to acquire the assets of SouthEast Props.

Currently located in Wilmington, North Carolina, SouthEast Props is a set decoration and prop rental house serving the east coast film and television industry. Upon completion of the acquisition and relocating the assets to Effingham County, the Company believes that it will be the largest Prop rental house in Coastal Georgia.  The recent curtailing of film tax credits in both Louisiana and North Carolina has created significant new opportunities for creating jobs and providing production services to films that are seeking motion picture infrastructure in Coastal Georgia.

The new Moon River Studios division will be managed by Matthew Sullivan and Adam Cameron (Flight of thePhoenix, Sleepy Hollow, Dawson's Creek, One Tree Hill, Revolution).  The acquisition is expected to close in the next forty-five days.