SOURCE: Democrasoft

Democrasoft

April 26, 2010 18:10 ET

Burst.com Changes Name to Democrasoft, Inc.

New Ticker Symbol: "DEMO"

SANTA ROSA, CA--(Marketwire - April 26, 2010) -  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 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. (PINKSHEETS: 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

Contact Information

  • FOR FURTHER INFORMATION, CONTACT:
    Mark Kithcart
    888-993-8683 x 706

    Francine Hardaway
    602-910-5622