| Inventa Technologies Wins Five-year, $4.6 Million Contract Renewal |
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Contract to Provide Managed Services for Global Financial Services Firm BURLINGAME, Calif., December 2, 2008 – ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced that its wholly-owned subsidiary, Inventa Technologies, Inc. has secured a five-year, $4.6million contract renewal to provide a global financial services firm with a range of application and database maintenance and monitoring services. Inventa has been providing these services under the original contract since 2003. Working with the customer’s staff over the last five years, Inventa recommended and implemented enhancements that: smoothed out unpredictable service levels, extended the customer’s investment in application and database systems and created a proactively managed infrastructure that enabled staff to identify and resolve problems quickly. Inventa will continue providing afull complement of managed services to include: server monitoring, performance management and administration services, and will be using ESM IntegratorTM, Inventa’s innovative software portal, that captures and integrates performance metrics, providing customers the ability to visualize and better understand thedata sources residing within their environment. “Our managed services team at Inventa is world-class. We have improved the efficiency and responsiveness of our customer’s core systems by working with their staff to develop a highly tuned and monitored environment with the ability to proactively address issues before they became problems,” said Joseph Kozak, chairman and chief executive officer of ANTs Software. “This contract renewal is validation of that superior service and of a positive customer experience. We look forward to working with the customer over the next five years to help them maximize their investment while minimizing cost.”
About ANTs software inc. ### This press release contains forward-looking statements about ANTs software inc. within the meaning of the federal securities laws,including statements concerning product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future 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: that the customer may terminate the contract before five years,potential problems in protecting our intellectual property and problems securing the necessary financing to continue operations. Further information concerning these and other risks is included in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-Q for the fiscal quarter ended September 30, 2008. We undertake no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release. |
