ANTs Software Subsidiary off to an Outstanding 2009.Inventa Technologies Sales Bookings for FY 2009 Already at $5.3M BURLINGAME, Calif. -- ANTs software inc. (OTCBB OTCBB See OTC Bulletin Board (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 USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 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: 1. An ever increasing interest in ANTs Compatibility Server (ACS (Asynchronous Communications Server) See network access server. ) services offerings. 2. Solid renewals and new commitments from Fortune 500 corporations and major software vendors for Managed Service Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) initiatives. 3. New opportunities in Application Quality Management (APM (Advanced Power Management) A programming interface (API) from Intel and Microsoft for battery-powered computers that lets programs communicate power requirements to slow down and speed up components. See ACPI. APM - Advanced Power Management ) offerings. "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) The ANTs Compatibility Server is a middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a solution that allows application code -queries, stored procedures In a database management system (DBMS), it is an SQL program that is stored in the database which is executed by calling it directly from the client or from a database trigger. When the SQL procedure is stored in the database, it does not have to be replicated in each client. , and functions - from legacy databases to run natively and transparently against the new target database with minimal to no application rewriting and recompiling. The application operates as if it were still communicating with the original database, while the new database operates as if it were communicating with a native application. For more information visit www.ants.com/acs. About ANTs software inc. ANTs software inc. is revolutionizing and simplifying database consolidation and IT modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, . Our mission is to help customers efficiently use IT resources and drive down IT operating costs operating costs npl → gastos mpl operacionales by consolidating hardware and software infrastructure. For more information, visit http://www.ants.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. , 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. |
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