PITTSBURGH, June 24, 2010 (GLOBE NEWSWIRE) -- Wizzard Media (NYSE Amex:WZE), the world's leading podcasting network, today announced that they are initiating an aggressive and transparent shareholder communications program specifically focused on individual investors, rather than institutional-based investors.
"Our entire business is built on serving content, one-to-one, to online and mobile individuals across the globe," said Chris Spencer, Wizzard CEO. "So, it follows that building our investor base can track the same course. The internet's ability to aggregate individuals into a single powerful force can move mountains. President Obama's campaign absolutely demonstrated that," finished Spencer.
Retail investors, often overlooked and underappreciated, are continuing to show their strength, especially in light of the mistrust that still surrounds Wall Street. A 2010 report issued by ING DIRECT USA/ShareBuilder paints a very optimistic portrait of today's retail investors and the escalating trend of self-reliance: "Almost half (49%) of those 40 to 65 have reduced or eliminated their reliance on financial professionals."
Furthermore many small companies like Wizzard need to rely on Retail Investors as their firms are too small for large institutions to take a substantial position. The economic crisis has placed many public companies in this scenario.
"We're rebuilding our financial brand to communicate openly and directly with Main Street," continued Spencer. "We've chosen to work with two leading Investor Relations and shareholder communications experts, MUNCmedia and Q4 Websystems, to assure our investors are identified and serviced in the most transparent and timely methods possible through the use of the internet, social media and other new tools available for our aggressive plan."
About Wizzard Media:
Wizzard Media provides podcast publishers with distribution and monetization services. Our clients include Microsoft, National Geographic, Harvard Business Review, Usher, NPR and more than 15,000 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 2009, the Wizzard Media Network received over 1.4 billion podcast requests from approximately 50 million people worldwide through iPods, iPhones, iTunes, Zune 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, changes in our business strategies and acts of terror against the United States.