Wizzard Software Corporation (NYSE MKT: WZE), the leading podcast
network, today updated shareholders on several items related to its
anticipated acquisition of FAB and the spin-off of its Healthcare
business.
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The SEC completed its review this week for our Proxy Statement
requesting approval from shareholders to acquire FAB, among other
items. The Proxy Statement is now being printed and will be mailed to
shareholders in the next 10 days.
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Wizzard has set a definitive shareholder meeting date of July 30,
2012, the timing of which includes the mandated allotment of time for
shareholders to vote their proxies.
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Wizzard will form a new wholly-owned subsidiary that will be the
parent of Interim Healthcare of Wyoming, our Healthcare subsidiary.
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Interim Healthcare has requested that the SEC withdraw its
registration statement relating to the spin-off and the new subsidiary
will file a new registration statement in its place. This is being
done to ensure compliance with the terms of the current Interim
Healthcare franchise agreement, which requires a parent or holding
company for publicly held companies.
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A new record date for the dividend of the spin-off shares will be set
and announced closer to the July 30th shareholder meeting
date.
The acquisition of FAB by Wizzard, is subject to approvals by each
company’s shareholders, the satisfaction of customary closing conditions
and regulatory approvals both in the U.S. and China.
About Wizzard Software:
Wizzard Software provides podcast publishers with distribution and
monetization services. Our clients include Microsoft, National
Geographic, Harvard Business Review, NPR and more than 10,000 others who
use Wizzard Media products to measure their podcast audience, deliver
popular audio and video entertainment and monetize their content through
advertising and App sales and subscriptions. In 2011, the Wizzard Media
Network received well over 1.64 billion podcast requests from
approximately 50 million people worldwide through iPods, iPhones, iPads,
iTunes, Blackberrys, Windows Phones, Zunes, Androids and many other
devices and destinations. We are part of a publicly held, Pittsburgh
based company with thousands of shareholders and a world-class team.
Visit us on the web at www.wizzardsoftware.com/media,
email us at contact@wizzard.tv.
Legal Notice
Legal Notice Regarding Forward-Looking Statements: "Forward-looking
Statements" as defined in the Private Securities litigation Reform Act
of 1995 may be included in this news release. These statements relate to
future events or our future financial performance. These statements are
only predictions and may differ materially from actual future results or
events. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future developments or otherwise. There are important risk factors that
could cause actual results to differ from those contained in
forward-looking statements, including, but not limited to risks
associated with changes in general economic and business conditions,
actions of our competitors, the extent to which we are able to develop
new services and markets for our services, the time and expense involved
in such development activities, the level of demand and market
acceptance of our services and changes in our business strategies.
