Wizzard Software (NYSE Amex: WZE) today announced that it has filed a registration statement with the SEC to begin the process of spinning off its Healthcare business as a new, separate public company to shareholders. The proposed plan calls for a 1 for 1 special stock dividend for shareholders of record on June 15 th, 2012.
“We are excited about spinning off our profitable, healthcare subsidiary to our shareholders as we focus on our core media assets with the acquisition of FAB, the continued growth of our online media distribution business and prepare for additional, large acquisitions in the media distribution industry,” says Chris Spencer, Wizzard CEO. “We believe that with major disruption resulting from Obamacare and other recent healthcare legislation comes unique opportunities for new businesses and new growth. We plan to create a disruptive opportunistic platform to capitalize on the changing legislative and economic conditions and offer better services, at better prices to help more people and do our part to reduce healthcare costs while generating substantial growth and value for our shareholders.”
About Wizzard Software
Through its Media business segment, Wizzard Media provides podcast publishers with distribution and monetization services. Our clients include Microsoft, National Geographic, Harvard Business Review, NPR and more than 14,000 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. In 2011, the Wizzard Media Network reached over 22 million monthly unique users worldwide through iPods, iPhones, iTunes, Zunes, Androids, BlackBerrys and many other devices and destinations. Wizzard Media is part of a publicly-held, Pittsburgh based company with Software and Healthcare business segments, thousands of shareholders and a world-class team. Visit us on the web at www.wizzardsoftware.com/media, email us at firstname.lastname@example.org.Legal Notice