PITTSBURGH, PA – March 19, 2008 - Wizzard Software (NYSE-Alternext: WZE) announced preliminary 2008 results today recording record revenues of $6,108,140, an increase of $944,649, or approximately 18%, from revenues of $5,163,491 in 2007. This increase was due primarily to the ongoing growth and expansion of our media and podcasting services and healthcare operations. Wizzard generated a gross profit of $1,961,218 in 2008, versus a gross profit of $1,562,703 in 2007, an increase of 26%. Net loss available to common shareholders decreased 44% while net loss decreased 25%. Basic and diluted loss per common share was $0.23 in 2008, compared to $0.44 in 2007. As of December 31st, 2008, Wizzard had cash on hand of $1,730,361.

“Additionally, Wizzard announced podcast network results for the 4th quarter of 2008 and the first two months of 2009. In the fourth quarter of 2008, the Wizzard Media Network received 307,648,694 download requests for episodes vs. approximately 270,000,000 download requests in the fourth quarter of 2007, for a total of over 1.2 billion download requests in 2008. Wizzard’s publishing platform grew by over 10,207 new podcast shows in 2008 to approximately 17,000 vs. 2,831 new shows added in 2007.
The audience the Wizzard Media Network serves grew from approximately 10 million unique individuals per month in 2007 to 15 million unique individuals per month in 2008. The total number of unique requests for podcast downloads throughout 2008 reached approximately 35 million.

In the fourth quarter of 2008 Wizzard increased network ad impressions to 8.8 million ads delivered vs. 5.5 million ads delivered in the third quarter of 2008. Subsequent to 2008, in February of 2009, Wizzard Media executed on 18 podcast advertising campaigns for 15 different advertisers, the most in a single month.

In January 2009, historically the best month for podcast downloads, the Wizzard Media Network received 131,923,969 requests for podcast download, a new high for the month of January. In February of 2009, the Wizzard Media Network received 121,515,154 requests for podcast download, the most ever for the month of February. Additionally, the number of unique audience members reached by the Wizzard Media Network grew to 17 million per month for the first two months of 2009. Management attributes this to the continued growth in iPod® and iPhone® users along with increased awareness of podcasting as an entertainment medium.

“We believe we are building a strong media asset with our podcasting business and we continue to see accelerated network growth due to a continuing change in people’s entertainment consumption habits. In the last month, we announced a very exciting advertising venture with Ando Media, entered into a revenue sharing deal with a top social network and added a major cable network to our growing list of podcasters,” said Chris Spencer, CEO of Wizzard. “It typically takes $100 to $150 million to launch a cable TV network with a goal of profitability in three years. While it isn’t apples to apples, consider that the Wizzard Media Network reached 17 million unique people in February of 2009 while CNBC averaged 229,000 homes in 2008, its best year ever. We delivered approximately 1.4 million hours of programming per day in February alone. And we are doing this for far less than $100 to $150 million dollars and working towards profitability sooner than three years from our official launch of Wizzard Media in mid 2007.”

The previously mentioned numbers and statements are only preliminary highlights from Wizzard’s 2008 results. Additional information regarding the previously announced cost cutting efforts, new products and business outlook will follow. Wizzard will provide more detailed information about its fourth quarter and year-end results during its regularly scheduled conference call on April 1st, 2009, 11:00 a.m. ET. The following is the call-in information for the call:

To participate during the live teleconference, please call 877-407-0782 (U.S. callers) or 201-689-8567 (international callers). The call will be broadcast simultaneously and archived on the Internet at http://www.investorcalendar.com/IC/CEPage.asp?ID=129108.

About Wizzard Software
Founded in 1996, Wizzard Software has become a leader in the speech technology application market. Wizzard architects solutions to business problems using its expertise in consulting, speech development tools and building speech based applications for the Desktop and Internet. Wizzard has achieved global recognition because of its expertise with voice communication whether it is via computer or telephone. Wizzard’s successes have lead to expanding speech technology opportunities in government and commercial sectors, including several healthcare industry products and services. Most recently, Wizzard Software entered the exciting new realm of digital media and is already the world’s largest distributor of digital media via RSS (podcasts). For more information, please visit www.wizzardsoftware.com and www.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.

Investor Relations Contact:
Arthur Douglas & Associates
Art Batson, 407-478-1120