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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
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Friday, May 09, 2008
Wizzard Announces 130% Revenue Growth in the First Quarter of 2008, Highlights Growing Audience Demand from China
Comtex
PITTSBURGH, May 09, 2008 (BUSINESS WIRE) ----Wizzard Software (AMEX: WZE) announced today that it posted record revenues of $1,668,478 for the first quarter of 2008, a 130% increase over revenues of $725,926 in the first quarter of 2007.
Wizzard posted a gross profit of $666,841 during the first quarter of 2008, a 159% increase over a gross profit of $257,333 in the first quarter of 2007.
Wizzard's software business (digital media & speech) recorded revenues of $655,347 in the first quarter of 2008 versus $297,101 in 2007, a 159% increase. Wizzard's legacy healthcare business recorded revenues of $1,013,131 in the first quarter of 2008 versus $428,825 in the first quarter of 2007, a 136% increase.
Additionally, Wizzard recapped several business accomplishments for the first quarter of 2008, including:
-- Wizzard begins trading on American Stock Exchange.
-- Wizzard's publishing platform grew with the addition of over 1,268 shows and 51,961 episodes.
-- Wizzard Media grew to 11,807 publishers using its platform.
-- Wizzard signed 10 new network publishers to its PRO enterprise platform.
-- Wizzard announced 16 advertising campaigns to date under new ad sales efforts.
-- Wizzard's Nielsen//NetRatings Certified download impressions grew by 19.8%.
-- Wizzard announces consumption growth with 41.9% of audience watching for less than one year.
-- Wizzard says over 33,000 keywords identified for ad sales using speech recognition.
In the first quarter of 2008, Wizzard outlined strong international audience growth in China, which now makes up the fourth largest consumer of content on the Wizzard Media Network. Outside the U.S., countries representing the largest consumers of Wizzard-hosted digital media content are: Canada - 4.2%; Great Britain - 3.2%; China - 3.1%; Japan - 1.7%; and Germany - 1.6%. In addition to China, many South American countries are growing rapidly in terms of audiences and consumption rates, including Colombia and Ecuador.
Also in the first quarter of 2008, Wizzard announced a content licensing and advertising agreement with YouTube. As a YouTube content partner, Wizzard will have their own branded channel that will enable users to access streaming video from the Wizzard Media Network. Through this agreement, YouTube will run ads against the shows in Wizzard's YouTube Channel and share with Wizzard any ad revenue generated. In addition to the ad revenue generated by increased audience and advertising opportunities, the agreement with YouTube will also allow for content from the Wizzard Media Network to be incorporated into the Google AdSense Network. Through this program videos from the Wizzard Media Network are blanketed across thousands of websites participating in the Google AdSense service. Wizzard will receive a share of revenues for certain ads displayed in connection with the playback of the videos. Wizzard will share a percentage of these revenues collected with the publishers.
The previously mentioned numbers and statements are only highlights from Wizzard's first quarter 2008 10Q filing. For a complete and detailed financial description of Wizzard Software Corporation, please visit www.sec.gov, where the above-mentioned filing and all of Wizzard's SEC filings can be found.
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.
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.
SOURCE: Wizzard Software
Wizzard IR Contact: Arthur Douglas and Associates Art Batson, 407-478-1120 OR Wizzard PR Contact: Braff Communications LLC Mark Braff, 201-612-0707
Copyright Business Wire 2008
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