Latest news for Democrasoft Hldgs (OTC:DEMO) Stock

DEMOCRASOFT INC

Democrasoft Holdings Inc offers cloud-based software, APIs and Intellectual Property that enables easy and effective online collaboration and engagement. It has built a comprehensive portfolio of issued and pending U.S. Patents that enable advanced, structured, topic-based, collaborative discussions online. These patents, along with a multitude of trademarks, copyrights, and other intellectual property, are available to qualified licensees.

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Democrasoft to Transfer Assets to Collaborize, a Private Company 

DEMOCRASOFT HOLDINGS INC by Democrasoft Holdings, Inc.

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Democrasoft Hldgs

Democrasoft  (OTC: <a class="ticker" href="/stock/demo#OTC">DEMO</a>) 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 &amp; 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
    
    <a href="http://www.benzinga.com/pressreleases/13/03/n3403370/democrasoft-to-transfer-assets-to-private-company">See full press release</a>

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Monday, March 11, 2013

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