Ants

Reports Financial Results for Fourth Quarter and Fiscal Year 2008

BURLINGAME, Calif., May 1 2009 – ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced financial results for its fiscal year ended December 31, 2008.

The following table summarizes company results (in millions, except per share data):

Joseph Kozak, Chairman and Chief Executive Officer of ANTs software inc. stated, “2008 was about reshaping the direction of ANTs. It was about prioritizing our business around high growth areas, cutting operating expenses and laying the foundation for the current fiscal year.”
“Moving forward I am reinforcing our commitment to the four key areas mentioned in ‘The Path to Shareholder Value’ letter that we distributed in January. These areas are:

1. Top line revenue growth
2. Operational expense controls
3. Strategic Alliances
4. Product and Strategy

“We are getting closer to making partner alliance and product announcements that we believe will take the company to a higher level of success and industry awareness.”
To read “The Path to Shareholder Value” letter, please go to http://www.ants.com/ceoletter and for more information about ANTs Software, please read our executive summary at www.ants.com/execsummary or contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

About ANTs software inc.
ANTs software inc. is revolutionizing and simplifying database consolidation and IT modernization. Our mission is to help customers efficiently use IT resources and drive down IT operating costs by consolidating hardware and software infrastructure. For more information, visit http://www.ants.com.

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This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, 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: delays in making partner and product announcements, 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 Compatibility Server, potential problems in protecting the Company’s intellectual property, and problems securing the necessary financing to continue operations should revenues not be sufficient to offset expenses. 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 10K for the fiscal year ended December 31, 2008. 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.