Wizzard Software (WZE) to Enter Binding Contracts w/ FAB Transaction in 'Next Several Days'
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Wizzard Software Corporation (AMEX: WZE), released a brief update on the FAB transaction and the Home Healthcare business spin-off.
“We have been working aggressively to sign the definitive, binding contracts for the FAB transaction and while there can be no guarantee of closing, we believe we will enter into these contracts in the next several business days,” says Chris Spencer, CEO Wizzard Software. “Upon signing of the definitive agreements, we plan to file the S-1 registration statement for the HHC spin-off to our shareholders, announce the date of record for the HHC transaction and move forward on our plans to increase shareholder value through substantial growth of our Media and Healthcare businesses.”
The proposed FAB transaction is subject to the signing of final closing documents, approvals by each company’s shareholders, the satisfaction of customary closing conditions and regulatory approvals both in the U.S. and China. There can be no guarantee that the contemplated transaction will come to a successful close.
“We have been working aggressively to sign the definitive, binding contracts for the FAB transaction and while there can be no guarantee of closing, we believe we will enter into these contracts in the next several business days,” says Chris Spencer, CEO Wizzard Software. “Upon signing of the definitive agreements, we plan to file the S-1 registration statement for the HHC spin-off to our shareholders, announce the date of record for the HHC transaction and move forward on our plans to increase shareholder value through substantial growth of our Media and Healthcare businesses.”
The proposed FAB transaction is subject to the signing of final closing documents, approvals by each company’s shareholders, the satisfaction of customary closing conditions and regulatory approvals both in the U.S. and China. There can be no guarantee that the contemplated transaction will come to a successful close.
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