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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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ANTs software Inc.
Cesar Rojas
650-931-0535
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