SANTA ROSA, CA -- 05/08/08 --
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 obtaining
exceptional 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
