SANTA ROSA, Calif.,
April 26 /PRNewswire-FirstCall/ --
Burst.com today announced that it has changed its corporate name to
Democrasoft, Inc. 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 Collaborize™, 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. (OTC Bulletin Board: DEMO) is a 20-year-old
public company with a history of pioneering technology. As the
flagship product of the company's reincarnation, Collaborize™ 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.
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FOR FURTHER INFORMATION,
CONTACT:
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Mark Kithcart 888-993-8683 x
706
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Francine Hardaway 602-910-5622
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SOURCE Democrasoft, Inc.
