Wizzard Software (NYSE MKT: WZE), the world’s leading podcast network, released the following statement today due to a significant number of shareholder calls regarding the record date and pay date (distribution date) of the FHA stock dividend.
Wizzard anticipates the pay date to be on or about October 1, 2012, for shareholders of record on September 5, 2012.
The Ex-dividend date was August 31, 2012. Starting on Friday Aug 31, Wizzard shares trading on the NYSE MKT were no longer trading with the entitlement of the spin-off shares of FHA.
“We are excited to see so many people anticipating the spinoff of our healthcare operations as we share in their enthusiasm,” says Chris Spencer, CEO of Wizzard Software. “Now that the record date for the spin-off has passed, a component of our larger FAB acquisition, we can move forward with the closing of FAB. While we cannot specify an exact date, we anticipate closing imminently.”About Wizzard: 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, 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 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.