Burst Sells DVR Patent and Applications
10 Março 2009 - 10:00AM
Marketwired
Burst.com, Inc. (PINKSHEETS: BRST) today announced that it has
completed the sale of U.S. patent number 7,272,298 titled "System
and Method for Time-Shifted Program Viewing," and a series of 5
related patent applications, to a non-affiliated corporation, for
$2.3 million. The patent was issued on September 18, 2007. The
purchaser was not publicly identified by mutual agreement of the
parties to this transaction.
According to Burst.com Chairman & CEO Richard Lang, "After a
lengthy process of evaluating the time and risk-weighted returns
associated with alternative monetization paths, we determined that
the best return for our shareholders, for this patent, was this
sale."
"We plan to continue our efforts to monetize our intellectual
property to benefit our shareholders," said Lang.
For Further Information Contact: Colt Briner 707-541-3870
Broad Street Realty (QX) (USOTC:BRST)
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