ANTs software CEO Joe Kozak Upbeat on Company Progress.Confirms ANTs' Strategy is On Track and Gaining Momentum BURLINGAME, Calif. -- Countering recent adverse movements of the company's stock, Joseph Kozak, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ANTs software inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ANTS), today reassured shareholders that he knows of no reason for this activity, and sounded an upbeat note on the software company's progress, confirming that ANTs' strategy is on track and gaining momentum. "I am very bullish on the progress we have made in executing our strategies regarding the ANTs Compatibility Server[TM] (ACS (Asynchronous Communications Server) See network access server. ) and the ANTs Data Server[TM]," said Mr. Kozak. "We have significant interest in the ACS from leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms, and some of the largest IT companies in the world are either distributing or considering distribution of our products." Among numerous other accomplishments, Mr. Kozak announced that: * Testing of the ANTs Compatibility Server with ANTs' first beta customer, a global financial services company, is progressing as planned; * Two additional Fortune 500 beta customers have identified applications to migrate, and ANTs will begin the testing process within the next two weeks. Three other customers are ready to begin testing when the first group has concluded; * ANTs was a sponsor of a recent conference held by the Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. database user group where there was significant interest in the ACS. ANTs now has numerous companies ready to test the ACS; * ANTs is in active discussions with two large technology companies regarding a potential acquisition of the ANTs Data Server, or a global distribution agreement; and * A top-tier investment bank has submitted a proposal to represent ANTs in all strategic transactions. "We are moving forward aggressively on the strategies first disclosed at our annual meeting in May, and more recently confirmed in a letter to shareholders in July," said Mr. Kozak. "We have been making excellent progress towards meeting our goals." ANTs software inc. ANTs software inc. (OTCBB:ANTS), based in Silicon Valley, develops and sells the ANTs Data Server, an affordable, high-performance relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. . The company is developing the ANTs Compatibility Server, database virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. 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 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of offers to purchase securities. 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 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," "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 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 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 Compatibility Server, potential problems in protecting the Company's intellectual property, 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 Form 10-Q See 10-Q. for the fiscal quarter ended June 30, 2007. 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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