Wizzard Media (NYSE MKT: WZE), the leading digital media podcast network, today announced that FAB entered into a binding agreement with the city of Tianjin, China, to deliver Intelligent Kiosk Terminals. Tianjin intends to install 1,500 terminals as part of its Intelligent Tianjin City plan before the end of 2013. Additionally, the Mayor and Deputy Mayor of Xianyang, China recently visited FAB in Beijing where they received a demonstration of FAB’s cutting edge intelligent kiosk terminal technology and discussed an Intelligent City plan for Xianyang. The ‘Intelligent City’ concept is to become the cutting edge of future urban design for China. Intelligent City will utilize specialized kiosk terminals linked to sensor networks and interactive computer networks to link an entire city integrating and monitoring commercial, residential and municipal buildings and the activities of commerce and government services. Intelligent City will be the model for future development throughout China. The intelligent network will include the management of urban life, hospitals, food and drug administration, home care, personal health and entertainment. Intelligent City will showcase China's science and technology revolution in information, communication technologies telecommunications and information infrastructure. FAB smart terminals will tie together the entire cities through one unified system to deliver all internet and entertainment (TV, movies, music, games). Also the system will deliver online shopping and search. FAB is a leader in the development of intelligent network and specialized kiosk terminals with real networking capability in a cloud-based environment. The range of terminals to be delivered to Intelligent City projects include among other things, Healthcare, Community Service, Commercial Super Chain and Library. FAB has recently delivered its first generation of customized intelligent terminals which are currently being used successfully by the Beijing Travel & Information Bureau and the Olympic Village. The first library terminal was recently installed in the Guangzhou Library.
The previously announced 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 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, 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 firstname.lastname@example.org. 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.