Wizzard Signs Deal To Acquire FAB

by Eddie Staley, Benzinga Editor

April 10, 2012 7:05 AM | 22 seconds read | Make a Comment

Wizzard Software Corporation

WZE

today announced that it has signed a definitive share exchange agreement to acquire 100% of the outstanding shares of Digital Entertainment International Ltd., herein referred to as FAB. FAB generated audited revenues of $39.1 million in 2009, $55.5 million in 2010 and $70.9 million in 2011. Net income generated by FAB was $4.6 million in 2009, $11.5 million in 2010 and $15.3 million in 2011.

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Wizzard Signs Deal To Acquire FAB