Democrasoft Engages Investment Banker To Find Strategic Partner for Collaborize Classroom
Sep 21, 2012
OTC Disclosure News Service
Santa Rosa, CA –
DemocrasoftEngages Investment Banker
To FindStrategic Partner for Collaborize Classroom
SANTA ROSA, CA. September 21, 2012- Democrasoft, Inc. (NASDAQ BB: DEMO) todayannounced that it has engaged Business Team, a unit of BTI Group, the largestbusiness brokerage firm in the Western United States, to locate a strategicpartner for its flagship subsidiary, Collaborize Classroom, Inc., one of theleading providers of educational collaboration tools.
“We have taken Collaborize Classroom from a standing startto more than 36,000 teacher sites and almost 2 million lessons deliveredworldwide, in less than two years,” said Richard Lang, President and CEO ofDemocrasoft. “We think that a partnerwith a deep bench and more marketing muscle can do a lot, at this point in itsdevelopment, to take Collaborize Classroom to the next level and make it the defacto standard for blended-learning worldwide. And, with the proceeds from atransaction, we will be able to properly exploit the natural evolution of our Collaborizeplatform, the WeJITTM.”
Built on the same basic platform as Collaborize Classroom,Democrasoft is revolutionizing e-book and e-magazine publishing by enablingpublishers and authors to seamlessly build into their works the ability tocommunicate directly with readers and to permit readers to communicate amongthemselves, taking reading and collaboration to a whole new level. Initial response has been enthusiastic, andpublishers are have a substantial incentive to get on the WeJIT bandwagon toavoid being at a competitive disadvantage.
In addition to WeJITs, Democrasoft will continue to offerits Town Hall Online, Collaborize NPO and Collaborize Workplace products, whichprovide easy-to-use cloud-based collaboration capabilities to politicians and governments,non-profits and other organizations.
“We are on the leading edge of the collaboration tidalwave,” said Lang. “As the use of theInternet matures, people are understanding that it is not there just to playgames and read the news—the Internet is a foundation for meaningfulcommunication and collaboration, which makes us all more efficient andeffective. Our products are literallydesigned to put the power into WE”
AboutDemocrasoft. Democrasoft,Inc. is an innovation and licensing company with a history of pioneeringtechnology. It is the creator of the Collaborize platform and CollaborizeClassroom (www.CollaborizeClassroom.com), the award-winning blended-learning platform for grades K-20.It is also the creator of WeJIT (http://www.mywejit.com), a new model for self-contained, topic-based onlinecollaboration that stretches across various platforms and communities.Democrasoft is dedicated to facilitating a vision of online “social networkingwith purpose.” For moreinformation, please visit .
For further information about BTI, a unit of BTIGroup (www.business-team.com), contact: BTI broker JoeWilson at 415-797-8359)
Certainstatements in this press release constitute “forward-looking statements.”All statements other than statements of historical facts included in this pressrelease, including those regarding our future financial position and results,business strategy, plans and objectives of management for future operations,including plans for marketing Collaborize Classroom, Inc., , and statementsabout the prospects of WeJITs are forward-looking statements.
Suchforward-looking statements involve known and unknown risks, uncertainties andother factors which may cause our actual results, performance or achievements,or industry results, to be materially different from any future results,performance or achievements expressed or implied by such forward-lookingstatements. Such forward-looking statements are based on numerous assumptionsregarding our present and future business strategies and the environment inwhich we will operate in the future. Factors that could cause our actualresults, performance or achievements to differ materially from those in theforward-looking statements include, among others, changes in the political,economic or regulatory conditions in the markets in which we operate, materialdisruptions in the education and publishing industries and other factors.
Although we believe thatthe expectations reflected in the forward-looking statements are reasonable, wecannot guarantee future results, levels of activity, performance orachievements.
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