FAB Universal Celebrates New Ticker and Name Change With Huge Event

FAB Universal Celebrates New Ticker and Name Change With Huge Event

PITTSBURGH--(BUSINESS WIRE)-- FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, released information today on the standing room only event held in Beijing, China on October 13th, 2012, to celebrate the closing of the FAB-Wizzard transaction and the new ticker and name change.

The ceremony was held in the main Banquet Hall of the world-class Beijing Hotel. More than 500 guests gathered to celebrate in a warm and festive environment. The invited guests included several hundred key figures from the central government, large corporations, press, financial institutions as well as many of FAB's customers and franchisees.

The celebration ceremony was a media event with representatives from more than 20 leading media companies including: China Central Television News Channel, China Central Television Finance Channel, People's Daily, China National Radio, China Radio International, Beijing Daily, Beijing Youth, Xinhuanet, Sina, ifeng, etc. Media coverage was strong with many follow up interviews and press mentions in the days following the event. Click here to see pictures and videos of the event.

Chairman Hongcheng Zhang and CEO Chris Spencer both received rousing applause after presenting their thoughts on the future of the combined companies. The subsequent Trading Symbol Launch Ceremony (banging of the FU gong) brought the banquet to a climax.

VIPs who attended the festive event included: Mr. Xiaohong Yan, Deputy Director of the General Administration of Press and Publication of China; Mr. Huisheng Zhai, Party Secretary from National Journalist Association; Ms. Jianfen Gu, well-known music composer; Mr. Jianguo Shen, Vice-Chairman of All-China Federation of Industry & Commerce; Mr. Yongjin Han, Director of Policy and Regulation from Ministry of Culture of China; Mr. Huizhong Zhang, Secretary of State-owned Cultural Assets Supervision and Administration office in Beijing; Mr. Maofei Zhou, Director of State-owned Cultural Assets Supervision and Administration office in Beijing; Mr. Linmao Xia, Mayor of Shijingshan District of Beijing; Mr. Yefei Wang, Deputy Director of Beijing Municipal Copyright Bureau; Mr. Hong Xuan, Deputy Director of Zhongguancun Management Committee; Mr. Xinyu Wang, Vice Mayor of Xianyang City; Mr. Wei Feng, President of Greater China from Motion Picture Association; Mr. Biao Guo, from International Federation of the Phonographic Industry; Ms. Heng Li, Chairman of the National Copyright Trade Center; Mr. Zaiping Yang, Vice President from Bank of China Association; Mr. Bingxi Shen, Director of the Agricultural Bank of China Head Office & Director of Central Huijin Investment Ltd; Mr. Jin Liu, the Board of Supervisor of China Construction Bank; Mr. Jinlao Huang, Deputy Governor of Huaxia Bank Head Office.

About FAB Universal Corp:

FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores, Retail Franchises and online through Apple iTunes and Google Android through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries. Sales of digital media are generated through kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at contact@fabuniversal.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.

Arthur Douglas and Associates
Art Batson, 407-478-1120

KEYWORDS: United States Asia Pacific North America China Pennsylvania


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