Wizzard Shareholders Vote Yes For Proxy
10 Febbraio 2012 - 1:05PM
Business Wire
Wizzard Software (NYSE Amex: WZE), the world’s leading podcast
network, today announced that it held its special shareholder
meeting on February 8th at which time the proxy voting results were
announced.
With over 89% of the total outstanding shares voting, a quorum
was reached. 95% of the voting shares, representing 84.5% of the
total outstanding stock, voted in favor of the reverse stock
split.
“We are very excited that a large majority of our shareholders
have voted overwhelmingly in favor of the recommendation of the
board of directors,” said Chris Spencer, Wizzard CEO. “In my
opinion this clearly demonstrates our shareholder’s positive
support for our acquisition strategy and global media distribution
expansion plans. I expect we will see the same level of support
from our shareholders for our forthcoming acquisition of FAB. We
believe that maintaining a listing on a national exchange such as
the NYSE Amex, in conjunction with the proposed merger with FAB,
will give us a better opportunity to attract institutional
investors with a focus on international media companies with
strong, fundamental growth potential.”
About Wizzard Media:
Wizzard Media 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, Windows Media Center,
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.
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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, changes in our business
strategies and acts of terror against the United States.
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