FAB Universal was a US-based company formed from a long series of mergers and acquisitions, including Liberated Syndication, Wizzard Software and Digital Entertainment International.
Balanced Living was incorporated in Nevada in January 1998, by Jeannene N. Barham and others with personal financing, that offered motivational seminars, books and related products by her sister Rose N. Blackham.
It did business in a subsidiary called The Balanced Woman, incorporated on July 1, 1998, in Colorado, with operations in Salt Lake City, Utah.
Investors (aside from the principals) included Corporate Capital Management LLC of Minnetonka, Minnesota, and Voice Recognition Investment Limited Partners, of Chapel Hill, North Carolina.
[11] MedivoxRx, founded in 200, developed a "talking bottle" called Rex which would play voice instructions for taking prescription medicines.
[17] Jake Fisher and Weina Scott, the owners of Switchpod, were 17 years old at the time, so their parents signed the merger agreement.
[18] Since technology such as Siri had become available on common devices such as the iPhone, the planned business in speech recognition for health care had never materialized.
FAB was organized in the Hong Kong Special Administrative Region, as a subsidiary of Universal Entertainment Group Limited in the British Virgin Islands.
[13] The FAB brand was created in 2008 for self-service kiosks that allow customers to download music, movies and TV episodes on their portable devices while video ads are played.
[22] The combined company continued with Spencer as chief executive, but Zhang Hongcheng became chairman of the board of directors, and Bingbin Zhong became vice president of finance.
[26] This caused the company to issue a statement clarifying the dilution effect of shares as lock-up periods expire following the 2012 merger.