Podcasting Company Announces Record Revenues, Credits “Rex”, The Talking Pill Bottle

Apr 2nd, 2007 | By | Category: Audio Podcasting, Making Money with Podcasts, Podcast Hosting, Podcasting Services

Rex the talking pill bottleWizzard Software, a software company that specializes in speech-recognition technology and also a podcast service provider, today announced record revenues for 2006, thanks in part to (we’re not making this up!) “Rex” – the talking pill bottle.

Wizzard recorded record revenues of $2,943,578, an increase of $1,249,503, or approximately 73%, from revenues of $1,694,075 in 2005. Wizzard credits Rex for part of their increased revenue.

Rex” is a prescription pill bottle that “talks” to the patient, using text to speech technology, allowing them to distinguish what type of medication is in the bottle and hear critical information on dosage amounts and refill parameters.

Wizzard generated a gross profit of $1,064,115 in 2006, versus a gross profit of $703,070 in 2005, an increase of 51%.

In 2006, Wizzard entered the podcast hosting business through two acquisitions and completed a third acquisition in the first quarter of 2007 (SwitchPod, Blast Podcast & Liberated Syndication). Wizzard plans to generate revenues in podcasting through contextual advertising created by using speech recognition technologies.

“2006 was a year of growth, technological advances and new market expansion,” said Chris Spencer, CEO of Wizzard Software. “In the next two months we expect to announce new advertising hires and an international mobile (cell phone) distribution deal for our Wizzard Media podcasting business, advances with Skype for our WizzTones product, strategic expansion of our healthcare services, expanded customer distribution for our talking pill bottle product and first quarter growth for our speech tools and engines business.”

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