Wizzard Software (NYSE Amex: WZE), the world’s leading podcast network, today announced that it held its special shareholder meeting on February 8 th 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 email@example.com. Legal Notice