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Company is Recognized for Overall Growth and Innovation
SAN FRANCISCO—September 29, 2009 – ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced it has been listed in Software Magazine’s “Software 500” ranking of the world’s largest software and service providers.
Software Magazine editor John P. Desmond highlights, “Among companies in the $5 million to $10 million range, the leader is ANTs software, No. 459, which grew at a 2,203% clip.” Desmond also lists ANTs in the “Top 10 Revenue Growth 2007-2008 For Overall Software 500.”
According to Software Magazine, “R&D Spending as a percentage of revenue is an important indicator of whether a software company is investing in the future and making life easier for its customers. Leaders in R&D spending include ANTs Software, spending 80% of its $8.3 million on research…It’s a strong indicator of commitment to keeping pace with technology.”
“We are extremely honored to be listed in the prestigious Software 500," said Joseph Kozak, Chairman and CEO of ANTs. “This broad recognition from Software Magazine is testament to the continued hard work of our team and to our innovative technology. Our success and commitment to deliver valuable enterprise solutions is centered on the recently announced strategic alliance with a Global IT Vendor and the key relationships this vendor is already facilitating with large enterprise customers worldwide."
Now in its 27th year, the Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises. The rankings are based on total worldwide software and services revenue for 2008. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
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, www.ants.com.
Contact:
Launchpad IR
Todd Fromer/Blake Brooks
212-896-1215 /646-205-7769
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or
ANTs software inc.
Cesar Rojas
650-931-0535
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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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