ANTs Software Sees Increased Potential Revenue in 2008 and Releases 2007 Results.

ANTs Data Server and ANTs Compatibility Server Gaining Traction

BURLINGAME, Calif. -- ANTs software inc. (OTCBB: ANTS), a leader in compatible, high-performance SQL data management systems, today announced that potential revenue in 2008 could exceed prior results. Potential revenue-generating contracts:

* ANTs has submitted a proposal for over $1 million in ANTs Data Server[TM] (ADS) licenses and support as the U.S. Navy's Zumwalt DDG1000 destroyer program moves into its next phase. ANTs expects to receive this order in the next 60-90 days.

* ANTs has submitted additional proposals to the Zumwalt DDG1000 team for custom development work, ADS licenses and support totaling $150-200 thousand. ANTs expects to receive these orders in the next 60-90 days.

* ANTs has substantially advanced discussions with a software company regarding an ADS license totaling more than $1 million. This license deal may close in the next 30-60 days.

* ANTs has successfully concluded a third pilot application migration using the ANTs Compatibility Server[TM] (ACS). On the basis of that pilot, the customer requested a proposal to migrate the entire application. The proposal includes over $1 million in ACS licenses and support. ANTs expects a decision on this proposal in the next 60-90 days.

* In January 2008, ANTs successfully demonstrated a pilot application migration for a global manufacturing and financial company. On the basis of that pilot, the company requested a proposal to migrate numerous applications. ANTs is working with the customer to scope the project. This could result in a multi-million dollar proposal.

* ANTs expects that as pilot projects now underway for its other members of the ACS Consortium are completed, it will have an opportunity to present proposals to these customers representing significant revenue potential.

"2007 was a year in which we sharpened our focus -selling through partners and in targeted vertical markets for ADS, clearly defining the strategy for ACS and then aggressively executing on that strategy," said Joseph Kozak, chairman and CEO. "We are now starting to see the benefits of that laser focus with really encouraging advancements in both ADS and ACS development and customer acquisition. There are many exciting opportunities on the horizon: the first substantial license sales for ADS, a growing pipeline of potential ACS sales and customers and potential strategic relationships with companies that have very broad reach in the market. We have built a great team of professionals here at ANTs and with the continued support of shareholders, investors and our board of directors, I expect us to achieve great results in 2008."

Fiscal 2007 Results

ANTs Software will report results for the fiscal year-ended December 31, 2007, with the full report on form 10-K to be filed on March 14, 2008. Highlights are as follows:

* Revenue related to ANTs Data Server licenses, royalties, and the delivery of maintenance services was $360 thousand during the year, an increase of approximately 25 percent over 2006. Revenue was comprised of partner royalty and exclusivity payments, development licenses related to the Zumwalt DDG1000 program and recognition of maintenance revenues.

* Operating expenses increased by approximately $1.2 million during the year, a seven percent increase over 2006, primarily due to an increase in average full-time R&D employees (33 in 2007 vs. 25 in 2006) over the full year, an increase in the number of contract research and development personnel and one-time severance payments.

* Actual (as opposed to average) full-time employees were 37 at December 31, 2007 versus 52 at December 31, 2006. The company reduced its work force during 2007 through a reduction in sales and marketing personnel, reflecting the company's shift away from direct sales to sales through partners and through certain reductions in research and development as well as in general and administrative. The company has continued cost-cutting measures during early 2008 and at March 1, 2008 had 31 full-time employees.

* Cash on hand at the end of December 2007 was approximately $4.5 million. During the last fiscal quarter of 2007, the company raised approximately $3.3 million through private financing activities, $3 million through the sale of convertible promissory notes, and approximately $340 thousand in warrant exercises.

ANTs software inc.

ANTs software inc. (OTCBB: ANTS), based in Silicon Valley, is developing the ANTs Compatibility Server, database virtualization middleware that enables application portability and database consolidation. The company's mission is to help customers reduce hardware, software, and development costs by providing exceptional data management solutions. For more information on ANTs Software, visit www.ants.com.

ANTs Compatibility Server (ACS) and ANTs Data Server are trademarks of ANTs software inc.

This press release is neither an offer to sell, nor a solicitation of offers to purchase securities. The sales of the private securities mentioned above were made in reliance upon Rule 506 and Section 4(2) of the Securities Act of 1933, as amended (the "Act") and such securities have not been registered and will not be registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release contains forward-looking statements 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: the possibility that none of the transactions mentioned above will materialize or close, that the market will not respond positively to the Compatibility Server, that the Compatibility Server will not be developed into a marketable product, challenges arising from competition, 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, problems in converting potential revenue into actual revenue and problems securing the necessary financing to continue operations. 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 Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2007, and the Company's forthcoming Annual Report on Form 10-K for the fiscal year ended December 31, 2007, expected to be filed with the Securities and Exchange Commission on or about March 14, 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.