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Travel expenses getting you and your company down? Do you need to hold a seminar, meeting or class — or just meet up with the far-flung members of a book club or church group?

Dimdim answers all these needs through its FREE, easy, open-source web conferencing mastery. The company today unveils Dimdim 5, an even faster and more secure version of what remains the most effortless, affordable and open web-conferencing solution to date. Check out the new version, which introduces improved screencasting, webinar widgets, registration reports. And did we mention it requires no downloads? Dimdim is also introducing a new pricing plan for its Pro version that’s saves customers money over competitors.

Go ahead and live your dream of diagramming basketball plays online — just in time for this weekend’s Final Four.

Check out this video demo to see Dimdim 5 in all its web conferencing glory: