Wizzard Updates FAB’s Intelligent Media Kiosk Business

Wizzard Media (NYSE MKT: WZE), the leading digital media podcast network, today released the third informational business overview regarding FAB based on its Intelligent Media Kiosk business. Wizzard has released two previous overviews based on various FAB business segments including wholesale media distribution and retail media sales.

FAB Intelligent Media Kiosk Business

FAB Intelligent Media Kiosks, based on 61 proprietary national intellectual property rights, are ATM style terminals where consumers can download copyrighted music, video games, ringtones, digital books and movies directly to their cell phones, thumb drives or other mobile storage devices. FAB Media Kiosks can also run video ads on the high-tech LCD screens and accept payments for utility bills, metro cards, credit card bills, etc.

Total FAB Intelligent Media Kiosk Revenues for 2010 was $15.7 million, in 2011 it was $17.6 million and for the first half of fiscal 2012, $12.6 million. Total overall revenues for FAB’s fiscal 2011 were $70.9 million with $15.3 million in earnings.

In 2008, FAB was granted a license by China’s Ministry of Commerce to franchise its business model that has been well received by entrepreneurs throughout the country. FAB has quickly grown its nationwide business network through its franchise and regional agent programs and to date has expanded to 38 cities with over 5,000 franchisees and an installed base count approaching 10,000 Intelligent Media Kiosks.

FAB generates revenues from its Intelligent Media Kiosk business through the sale of franchises and then through ongoing media content downloads, media membership card sales and kiosk-based advertising. In 2008, FAB had 8,865 paying membership cardholders. In 2011, FAB finished the year with more than 340,000 membership cardholders.

To see a picture of a FAB Intelligent Media Kiosk Franchise location click here.

The FAB Intelligent Media Kiosks have served to greatly enhance consumer ease-of-purchase while reducing the appeal of pirated content, positively transforming market dynamics in China for legitimate content and facilitating licensing opportunities with traditional media publishers who desire safe access to the world’s largest, fastest-growing consumer market. In addition to media content terminals, FAB’s kiosks technology also addresses the specific needs of banks, supermarkets, shopping malls, office buildings, government offices, tourist resorts, university campuses and libraries and provide a foundation for the building of intelligent digital cities of the future.

Through Wizzard’s relationships with over 10,000 publishers of digital media, Management believes it can help grow the large library of available content offered through the FAB Media Kiosks while at the same time expand the FAB Intelligent Media Kiosk Network to other targeted markets throughout the world.

Analysis of Wizzard’s download data and other audience trends strongly indicate a need to answer present and future global digital media delivery demands across all market segments especially where high-speed, mobile internet accessibility is inadequate to meet these demands. Wizzard has a proven track record of content publisher acquisition and the ability to reliably host and deliver massive amounts of content around the world.

The combined company plans to aggressively expand through internal growth and domestic and international acquisitions over the next two years to build a global distribution powerhouse for mobile digital entertainment.

For more information on FAB, please click here.

The 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 contact@wizzard.tv.

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.

Copyright Business Wire 2010

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