Wizzard Software Corporation announced that on September 26, 2012, in connection with the closing of the share exchange agreement, and pursuant to the terms thereof: (i) Christopher J. Spencer resigned as the Chairman of the company's board of directors, while remaining as a voting member of the board; (ii) Zhang Hongcheng was designated as a director and the Chairman of the company's board of directors; and (iii) Gu Jian Fen was as a director of the company, with Mr. Zhang and Ms. Gu each to serve an initial term of no less than two years. The designation of Mr. Zhang and Ms. Gu to the board of directors was approved by a vote of the company's common stockholders at the annual stockholders' meeting held on July 30, 2012, with such approval made subject to the prior closing of the share exchange agreement.