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.