Wizzard Software Announces Funding

Business Wire, June 22, 2009

PITTSBURGH -- Wizzard Software (NYSE Amex: WZE) announced that effective June 19, 2009, Wizzard Software Corporation, a Colorado corporation (the “Company”), executed a Securities Purchase Agreement (the “Purchase Agreement”) by which one institutional investor (the “Subscriber”) agreed to purchase from the Company 1,200,000 shares of the Company’s one mill ($0.001) par value common stock at a price of $0.50 per share (the “Shares”). At closing the Shares are to be issued pursuant to the Company’s effective registration Statement on Form S-3 (Securities and Exchange Commission File No. 333-158996).

“These funds from our long time institutional investor will be used for working capital as Wizzard executes its business plan, including its new Apps monetization of its podcasting network, and works towards profitability and less reliance on selling stock to fund ongoing business operations in the future.”

The closing of the offering is expected to take place subject to the satisfaction of customary closing conditions and approval by NYSE Amex.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 led 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.