| ANTs Software Subsidiary Closes $800 Thousand in New Business for 2009 |
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Inventa Technologies Experiences Solid Growth Capacity Planning and Systems Infrastructure Management BURLINGAME, Calif., April 28, 2008 – ANTs software inc. (OTCBB:ANTSE), a leader in database consolidation solutions, today announced that its wholly-owned subsidiary, Inventa Technologies, Inc. has secured $800 thousand in contracts that should be fully recognized in the current fiscal year. This 2009 incremental revenue is directly related to three projects soon to be initiated. Projects include:
“We are very satisfied with the execution and revenue generation of our Inventa team. They continue to raise the bar by the quality of their customers and the magnitude of the projects they are engaging,” said Joseph Kozak, chairman and chief executive officer of ANTs Software. “This evolution and ability to flawlessly execute sophisticated and complex projects is what is allowing us to penetrate important ANTs Compatibility Server business and create strategic alliances around our flagship product.” About the ANTs Compatibility Server (ACS) 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 new projects may not be completed in 2009, 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 Quarterly Report on Form 10-Q for the fiscal quarter ended September 30th, 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. |
