| ANTs Software Subsidiary off to an Oustanding 2009 |
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Inventa Technologies Sales Bookings for FY 2009 Already at $5.3M BURLINGAME, Calif., March 17, 2009 – ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced that its wholly-owned subsidiary, Inventa Technologies, Inc. has reached in only three months of the fiscal year 2009 a sales booking volume of $5.3M USD and the subsidiary is well positioned with key clients to potentially expand this number in the following nine months of FY’09. Inventa has experienced an important growth in its three major business areas, including:
“We are very pleased with Inventa’s execution. This is a premier team that has proven time and time again its capacity to help customers realize key benefits while significantly reducing operational cost and complexity.” said Joseph Kozak, chairman and chief executive officer of ANTs Software. “Inventa core value and the secret to its success is the ability to deliver significant innovations that enable cost reductions in IT operations that are so needed by major enterprises during the current economic climate.” About the ANTs Compatibility Server (ACS) About ANTs software inc. # # # Company/PR
Contact: 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: that the market will not respond positively to the ANTs Compatibility Server, challenges arising from competition, problems encountered in commercializing the ANTs technology or Inventa Technologies services, 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, 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 10Q for the fiscal quarter ended September 30, 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. |
