This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Democrasoft To Transfer Assets To Private Company

SANTA ROSA, Calif., March 11, 2013 /PRNewswire/ -- Democrasoft, Inc. (OTC: DEMO) announced today that effective March 8, 2013, all of its assets and liabilities were transferred into one of its two wholly-owned subsidiaries, Collaborize, Inc. This new private company expects to issue new securities, as appropriate, to interested investors. Reflecting its status as a holding company, Democrasoft will be renamed Democrasoft Holdings, Inc., and the subsidiary (the operating company) will do business as Democrasoft.

The public company (currently Democrasoft, Inc.) will initially be the sole shareholder of the operating company. It will engage in no other activities for the foreseeable future, except as it may benefit from the operations of its private subsidiary. The financial results of the two companies will be consolidated, as required by the accounting rules, and both companies will cease publicly distributing financial or other information.

According to Democrasoft Chairman & CEO Richard Lang, "We are responding to a long-standing fund-raising obstacle, as well as the advice of potential and existing investors who are reluctant to invest in a company whose stock is thinly traded on the public "pink sheets," where our market valuation and liquidity have typically been disconnected from the true value that we believe is inherent in our company and its current and potential opportunities."

"By operating in the form of a private company, we can offer new investors a greatly simplified investment vehicle with only one existing shareholder, our holding company. Meanwhile, we plan to preserve the eventual liquidity that may be available to our shareholders through our public vehicle, upon the success of our private subsidiary" said Lang.

For more information or to schedule an interview with Democrasoft senior management, please contact Mark Kithcart at: mkithcart@democrasoft.com or call 888-993-8683 x 706.

About DemocrasoftDemocrasoft is an innovation and licensing company with a history of pioneering technology. It is the creator of the Collaborize platform and Collaborize Classroom ( www.CollaborizeClassroom.com ), the multi-award-winning blended-learning platform for grades K-20. It is also the creator of patented and award-winning WeJIT ( http://www.mywejit.com ), a new model for self-contained, topic-based online collaboration that stretches across various platforms and communities. Democrasoft is dedicated to facilitating a vision of online "social networking with purpose." For more information, please visit www.Democrasoft.com .

Certain statements in this press release constitute "forward-looking statements.'' All statements other than statements of historical facts included in this press release, including those regarding our future financial position and results, business strategy, plans and objectives of management for restructuring, fund raising and future operations are forward-looking statements.

Such forward-looking statements involve known and unknown risks, uncertainties and other 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-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Factors that could cause our actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, changes in the political, economic or regulatory conditions in the markets in which we operate, material disruptions in the education and publishing industries and other factors.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. 

SOURCE Democrasoft, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs