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Burst.com, Inc. Announcement
Santa Rosa, Calif., (March 10,
2005) – Burst.com, Inc. (OTC.BB: BRST), today makes the following
announcement:
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The Company has reached an
agreement in principle with Microsoft Corporation to settle its current
litigation;
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The agreement is subject to the
execution of formal documentation which the parties hope to complete
within 5 business days.
A court hearing scheduled to take
place today in Baltimore will not go forward. The hearing will be
rescheduled only if necessary.
Burst plans to provide detailed
information with respect to the settlement and other matters as soon as
the settlement is completed.
About Burst.com:
Burst.com, headquartered in Santa Rosa,
California, is the developer of Faster-Than-Real-Time™ and Burst-Enabled™
video and audio delivery software. Burst.com’s Burstware® provides
high-quality delivery of full-motion video and CD-quality audio over
IP-based networks. The company, established in 1990, has built an
international patent portfolio covering bursting, video delivery
scheduling and Rapid-casting. Burstware®, Faster-Than-Real-Time™ and
Burst-Enabled™ are trademarks of Burst.com. More information about
Burst.com is available at
www.burst.com.
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