Burst.com Changes Name to Democrasoft, Inc.
27 April 2010 - 8:10AM
Marketwired
Burst.com today announced that it has changed its corporate name to
Democrasoft, Inc. (PINKSHEETS: DEMO) and that, effective with the
commencement of trading on April 27, 2010, its stock will trade on
the NASDAQ bulletin board under the symbol "DEMO."
The name change is part of a strategic redirection of the
20-year-old public company which previously created software and a
portfolio of intellectual property facilitating multi-media
transmission over the electronic networks. For the past year, the
company has been creating and testing Collaborizeā¢, an
easy-to-start, easy-to-use communications and decision-making tool
for groups and organizations of all sizes. Users don't need any
special software or hardware and can be up and running in under
five minutes.
Collaborize is a web-based online service designed to help
organizations engage both internal teams and external audiences of
both for-profit and non-profit organizations, addressing issues
both large and small, while driving toward actual implementation of
collective solutions. It is the first in an anticipated suite of
products aimed at enhancing online communication among members of
physical and online communities, with particular emphasis on
effectively reaching and implementing group decisions.
"Our new name, Democrasoft, marries the concepts of democracy
and software, which is what our new products are all about," said
Richard Lang, the company's co-founder, Chairman and CEO. "The
challenges our world, our country, our states, our cities and our
organizations are all facing have never been bigger -- Our
Collaborize service turns the kind of interaction that one has on
the social web from pure leisure into something that has a
direction and an objective. It represents social networking with
purpose."
"While we know that large corporations are increasingly aware of
the need to facilitate communications both within internal groups
and with their customers, and we have been gratified by early
adoption of Collaborize for those applications, we are particularly
pleased to also be able to offer this tool to groups of all sizes,
including non-profits, at very affordable prices," Lang added.
About DEMOCRASOFT
Democrasoft, Inc. (PINKSHEETS: DEMO) is a 20-year-old public
company with a history of pioneering technology. As the flagship
product of the company's reincarnation, Collaborizeā¢ is an online
tool for organizing groups with a common purpose into
decision-making communities. It is designed to empower groups of
all sizes -- businesses, non-profits, associations, governments,
their members and citizens to resolve real problems and drive
toward actual implementation of collective solutions. Headquartered
in Santa Rosa, CA, under its previous moniker, Burst, Democrasoft
pioneered in the field of Internet media delivery technology.
Collaborize represents a new direction for the company to one
dedicated to facilitating a vision of online social networking with
purpose. For more information, visit www.democrasoft.com.
FOR FURTHER INFORMATION, CONTACT: Mark Kithcart 888-993-8683 x
706 Francine Hardaway 602-910-5622
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