Ed Madinya | Apr 17, 2008, 04:29 PM
Press Release Source: Wizzard Media Wizzard Media Signs Global Content Distribution Agreement with eLatinoWeekly.Com Thursday April 17, 9:00 am ET PITTSBURGH--(BUSINESS WIRE)--Wizzard Media (AMEX: WZE - News), the world’s largest podcasting network, announced today that it has increased its Latino catalog of shows by signing a breakthrough global distribution agreement with www.elatinoweekly.com, an independent Latino-centered entertainment and current affairs publication based in Los Angeles, California. Originally established in March, 2003, as a print publication with an initial local circulation of 60,000, eLatino Weekly launched its online product in July of 2003 and this new partnership with Wizzard Media marks elatinoweekly.com’s leap to broadcast content. Under the agreement, Wizzard Media will distribute the Latino-centric video from eLatinoWeekly.Com targeting the more than 300 million Spanish-speaking community mobile users worldwide, supported by advertising and sponsorship agreements secured by the Wizzard Ad Sales team. Wizzard will also provide marketing support to expand the audience for the new show. The Latino market is poised for significant growth over the next two years. Recent in-house marketing research compiled by www.elatinoweekly.com shows that the U.S. Hispanic market is expected to reach purchasing power in the trillions of dollars by 2010. With almost 50% of U.S. Latinos under the age of 27, twice as many of them are moviegoers compared to any other population segment in the nation. In addition, 56% of U.S. based Latinos, 21% of South Americans and 18% in Central Americans are web users. “We are thrilled to be able to provide our viewers in the U.S. and around the world access to bi-lingual Spanish and English video content,” said Skip Fredricks, Sr. VP Content Distribution, Wizzard Media. “This is our first significant partnership with a Latino media group and we are confident the international Latino community, together with those in a variety of ethnic groups, will embrace this content and find common ground and communication through this important vehicle.” “We are very excited to have the opportunity to partner with Wizzard Media,” noted Polo Munoz, spokesperson for www.elatinoweekly.com. “We believe that presenting our publication through this popular, on-demand platform will reach the worldwide community of Latinos and build a solid bridge with other cultures.” About www.elatinoweekly.com Based in Los Angeles, California, www.elatinoweekly is a bicultural/bilingual free publication focused in Movies, Music, Culture, Entertainment and DVDs, with a special emphasis on the Latino community and strengthening communication between Latinos and other cultures. It publicizes upcoming events featuring notable Hollywood movie stars as well as film reviews, topical articles, editorials on current issues and vital community information. About Wizzard Media Wizzard Media is the industry's leading pod cast hosting network, with an unprecedented one billion-plus download requests in 2007. Pod casts are a means for independent and professional content creators to publish audio and video shows for the world to enjoy over the Internet or on mp3 players, such as the Apple iPod and the Microsoft Zune. Pod casting is a relatively new phenomenon, but Wizzard Media collectively broadcasts millions of pod cast downloads per month through media aggregators like Apple's iTunes, Microsoft’s Zune Marketplace and other pod cast aggregators. For more information, please visit www.wizzard.tv. Wizzard Media is a division of Wizzard Software, a leader in speech technology development. 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. Contact: Wizzard IR Contact: Arthur Douglas and Associates Art Batson, 407-478-1120 or Wizzard PR Contact: Braff Communications LLC Mark Braff, 201-612-0707 Source: Wizzard Media