Wizzard Software I FAB

Wizzard to Acquire China's Largest Digital Media Company FAB

FAB is the fastest growing, comprehensive outlet for media in China covering all the popular outlets for reaching consumers:

Retail Stores

China's leading retail outlet for popular digital entertainment products including CDs, VCDs, DVDs, blue-ray disks, games, magazines and books
The three largest digital entertainment marketplaces in China at over 30,000 sq. ft in Beijing's most prestigious commercial centers
The number one place for weekly Chinese celebrity signing and promo events drawing massive numbers of consumers and fans

Kiosks Network

The fastest growing multi-media platform and franchise program located in nearly 4,000 locations throughout China's malls, hotels, and office buildings
Offering instant pay per download of popular movies, games, mobile phone software, education materials and music to portable devices
Payment via a rapidly expanding FAB membership of over 300,000 prepaid cardholders as well as credit cards, cash and Metro-Card

Web & Online Sales

An online sales destination for the latest international music and film releases available for purchase via mail order or download
A trusted entertainment news center for music and movie star launch events at the FAB flagship stores
An online platform for driving increased FAB membership and expanding market penetration in one of the largest and fastest growing audio and video markets in the world

	Management
	FAB CEO Mr. Zhang Mr. Zhang, Founder and Chairman of FAB, has 20 years’ experience in publishing and distributing Digital Media Entertainment products in China. He has served as the Vice President of Guangdong Association of Entrepreneurs and Chairman of Anti-Piracy Alliance of China.
	FAB President Mr. Wang Mr. Wang, President of FAB served as the Chairman and General Manager of Nanjing Panda Group and Chairman and President of Hualu Group prior to joining the company. Mr. Wang has more than 30 years of experience in executive management roles in leading businesses.

FAB Overview

FAB is the leading digital entertainment products provider in China in terms of sales revenue and operational scope.

FAB distributes products and services through three complementary channels: traditional retail and wholesale, the FAB Kiosk network, and FAB on-line.

Revenue
$38.9 million 2009
$55.5 million 2010
$70.9 million 2011

Press Release
"With FAB we have found a high growth company with outstanding leadership and innovative technology products all aimed at the world's largest consumer market,” said Chris Spencer, CEO of Wizzard Media. "The best way to describe FAB is - Best Buy meets iTunes meets Redbox. We believe FAB has the opportunity to dominate mobile digital media distribution throughout China..."

Complete Press Release