Burst.com and RealNetworks Reach Settlement Agreement
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SANTA ROSA, CA, May 08 (MARKET WIRE) -- Burst.com, Inc. (PINKSHEETS: BRST) today announced that is has signed an agreement in principle to settle litigation with RealNetworks, Inc. RealNetworks agreed to pay Burst a one-time payment of $533,500.00 cash, in exchange for a license to a subset of the Burst patents. The license is non-exclusive and does not provide pass through license rights. The patent license settles all differences between the two companies. About Burst Founded in 1988, www.Burst.com has pioneered the development of Faster-Than-Real-Time(TM) video and audio delivery. Burst.com has built an international patent portfolio covering burst-mode video and audio delivery, scheduling, rapid casting, network optimization and DVR functionality. About Hosie Rice Hosie Rice LLP specializes in trying complex commercial cases and obtainingexceptional results. Because of the quality of its legal skills, innovative approach to the law and record of success, Hosie Rice has been chosen by colleagues, entrepreneurs, CEOs, and state attorneys general for some of the country's most demanding civil litigation. Hosie Rice offers clients a sophisticated legal team that balances broad legal experience with specialized practice skills. It has extensive experience in antitrust, intellectual property, energy and natural resources law, fraud, business torts, media law and class actions. The firm has successfully litigated several multi-million dollar verdicts and settlements in cases against some of the largest multi-national corporations in the United States. For more information, visit www.hosielaw.com. For Further Information Contact: Spencer Hosie: 415-247-6000 Copyright 2008, Market Wire, All rights reserved. -0-