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SAN FRANCISCO--(October 23, 2009)--ANTs software inc. (OTCBB: ANTS),
a leader in database migration solutions, today announced that its
wholly-owned subsidiary, Inventa Technologies, Inc. has secured a new
strategic project with an existing customer in the financial services
sector.
Under the terms of the contract, the company will perform a series
of consulting tasks in order to modernize critical IT infrastructure
for the customer.
“We are very pleased with this new project as it demonstrates the
continued strength and value of Inventa’s existing customer
relationships. It is a clear testimony to our expertise and resources,”
said Joseph Kozak, chairman and chief executive officer of ANTs
Software.
Terms of the agreement are not to be disclosed at customer request.
About ANTs software, inc.
The mission of ANTs Software is to help customers drive down IT
operating costs by consolidating hardware and software infrastructure
and eliminating cost inefficiencies. To this end, ANTs develops and
sells the ANTs Compatibility Server (ACS),
an innovative middleware solution that accelerates database
consolidation between database vendors, enabling application
portability. In addition to ACS, ANTs offers a complete portfolio of
services ranging from architecting or managing IT infrastructure, to
full application performance tuning and administrative services. ANTs
is a public company with headquarters in San Francisco, California. Our
shares trade on the OTC Bulletin Board under the symbol: ANTS. For more
information visit, http://www.ants.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, including statements concerning
financial projections, financing activities, product development
activities and sales and licensing activities. Such
forward-looking statements are not guarantees of future results or
performance, are sometimes identified by words of condition such as
“should,” “could,” “expects,” “may,” or “intends,” and are subject to a
number of risks and uncertainties, known and unknown, that could cause
actual results to differ materially from those intended or
anticipated. Such risks include, without limitation: problems securing
the necessary financing to continue operations should revenues not be
sufficient to offset expenses, problems encountered in commercializing
the ANTs technology, potential of undetected infringing technology or
non-infringing competitive technologies, difficulties experienced in
product development, roadblocks experienced in sales and marketing
activities, longer than expected sales processes, difficulties
in recruiting knowledgeable and experienced personnel, possible
problems in migrating applications using the ANTs Compatibility Server
(ACS), and potential problems in protecting the Company’s intellectual
property. Further information concerning these and other risks is
included in the Company’s filings with the Securities and Exchange
Commission, including the Company’s most recent Annual Report on Form
10-K for the fiscal year ended December 31, 2008 and the Company’s most
recent Quarterly Report on Form 10-Q for the quarter ended June 30,
2009. The Company undertakes no obligation to update or revise such
forward-looking statements to reflect events or circumstances occurring
after the date of this press release.
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Contact:
KCSA Strategic Communications
Todd Fromer / Crystal Agresti
212-896-1215 / 212-896-1273
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or
ANTs software Inc.
Cesar Rojas
650-931-0535
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