Highlights Continued Network Growth in Media Business

Wizzard Software (AMEX:WZE), announced today that it posted revenues for the third quarter of 2008 of $1,533,339, a 4% increase over revenues of $1,468,476 in the third quarter of 2007. During the nine month period ended September 30, 2008, Wizzard recorded revenues of $4,667,690, a 29% increase over revenues of $3,622,499 for the same period in 2007.

Wizzard's net loss available to common shareholders was $1,460,219, or $.03 per share in the quarter ended September 30, 2008. This represents an 85% decrease from our net loss of $9,986,719, or $.24 per share in the third quarter of 2007. Wizzard's net loss available to common shareholders was $6,210,273, or $.14 per share, in the first nine months of 2008. This represents a 58% decrease from our net loss of $14,647,156, or $.36 per share, in the first nine months of 2007.

Wizzard will host a conference call to discuss third quarter financial results for 2008. Wizzard CEO, Chris Spencer, and CFO, John Busshaus, will review the financial results and offer a glimpse into future business plans on November 11, 2008 at 1 p.m. ET. To participate during the live teleconference, please call 877-407-0782 (U.S. callers) or 201-689-8567 (international callers). The call will be broadcast simultaneously and archived on the Internet at http://www.investorcalendar.com/IC/CEPage.asp?ID=135876.

To submit questions prior to the call, participants can email to ir@wizzardsoftware.com. All questions must be submitted by 11 a.m. ET on November 11, 2008 to be considered for the call.

The previously mentioned numbers and statements are only highlights from Wizzard's 2008 Third Quarter 10Q filing. For a complete and detailed financial description of Wizzard Software Corporation, please visit www.sec.gov, where the 2008 Third Quarter 10Q and all of Wizzard's SEC filings can be found.

Wizzard Media Update

Wizzard's Management believes the largest growth opportunity in front of us is our media business and we continue to see exceptional network growth. ComScore recently stated that the number of videos viewed online now exceeds the total number of internet search queries. Obviously, Google, Yahoo and others have made billions of dollars connecting advertisers with keyword search query results and already, in the early stage of the media movement to online distribution, consumers watch more video than perform internet search queries. It is Management's opinion that the potential for monetizing the consumption of media distributed over the Internet and via mobile devices like the iPhone, by connecting advertisers with online media publishers, will significantly surpass the search marketing business in the next 5 to 10 years. We believe Wizzard Media, based on its podcast industry leading publishers, advertisers and distribution reach, has the potential to be a significant force in the future of media monetization and distribution over the internet.

Wizzard Media provides online publishing tools for media producers, creates strategic advertising products for marketers, combines the media content and the advertising message and distributes the resulting shows to loyal subscribers.

Publishing Tools and Platform

Wizzard Media has now grown to 17,000 content publishers (up from 7,000 in March, 2007), with over 3,300 new publishers added in the 3rd Quarter of 2008 (vs. 900 in the third quarter of 2007). In terms of quarterly publisher growth, the 3rd quarter of 2008 was our best by far. Our publishers uploaded for distribution over 88,000 new episodes of their shows in the 3rd quarter, versus less than 45,000 new episodes in the 3rd quarter of 2007. We are very excited about the demand we are seeing from publishers for our services as we strongly believe that the classic media saying of “Content is King” will apply to the new Internet media industry. We are seeing a tremendous amount of exciting new content being added to our network every day with the total number of available episodes on the Wizzard Network now exceeding 500,000. We believe this growth is based not only on the overall industry growth but also on the strong portfolio of publishing tools we provide to our customers.

We have recently launched new and updated tools for our active publishers including Launch Setup & Management, Multi RSS Feeds, Viral Flash Player, Analytics & Reporting, Ad Slot Management, Nielsen Reports, Category Ad Targeting, Surveys & Social Widgets and Advertising Campaign Management. In the next two quarters we will be releasing new tools that allow complete control over where, when and how a publisher launches a new episode, an extremely powerful new feature which assist publishers in creating subscriber based business models, something we see strong demand for from major media companies and independent publishers alike.

Advertising

Wizzard has been effectively using its advertising insertion system, Alchemy, for 10 months now with great technical success.