Wizzard Software Corporation (AMEX: WZE) agreed to Spin-Off its healthcare business to Wizzard's shareholders on May 17, 2011. The Board of Wizzard Software has granted approval for management to Spin-Off healthcare business as separate new public company. The proposed plan calls for a 1 for 1 special stock dividend for shareholders of record on June 15, 2012. A new record date for the dividend of the spin-off shares will be set and announced closer to the July 30, 2012 shareholder meeting date.

As of August 21, 2012, Wizzard Software Corporation announced that its Board of Directors has established a September 5, 2012, record date for the transaction. The dividend will be payable to Wizzard stockholders as of the close of business on the record date, in the ratio of one Future HealthCare of America share for each share of Wizzard common stock held as of the record date.

Wizzard Software Corporation (AMEX: WZE) completed the spin-off of its healthcare business to Wizzard's shareholders for $0.08 million on October 1, 2012.