ANTs software.com Announces Dean Witter III, CFO of Hello Direct, has Joined the Company's Board of Directors and Will Chair Its Audit Committee.Business/Technology Editors BURLINGAME, Calif.--(BUSINESS WIRE)--Aug. 3, 2000 ANTs software.com, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ANTS), a developer of advanced technologies to speed up computer processing, today announced that Dean "Kip" Witter III has joined the Company's board of directors. Witter has been a member of the Company's advisory board since September of 1999. In addition, he will chair the audit committee of the Company's board. Witter will be joined by fellow board members, Clive Whittenbury, Ph.D. and John Williams This biographical article or section needs additional references for verification. Please help [ to improve this article] by adding additional sources. Unverifiable material about living persons must be removed immediately, especially if potentially libelous or harmful. , Ph.D. to comprise this new committee. All three of the members of the audit committee are "outside" directors and have no managerial responsibilities within the Company. The audit committee will be responsible for oversight of all of the Company's financial management practices, including direct access to the Company's independent auditors, Farber and Hass, who are fully SEC qualified. Witter currently serves as Chief Financial Officer of Hello Direct, Inc. (Nasdaq: HELO hel·o n. pl. hel·os Informal A helicopter. [Shortening and alteration of helicopter.] ), the leading developer and direct marketer of desktop telephony and equipment interface products. Earlier in his career, he was Treasurer of Amdahl Corporation and also has had substantial experience with early-stage, high technology companies. "Dean is a financial professional of the highest caliber. He has been in close touch with ANTs since my involvement began in mid-1999. His computer technology background and keen mind have allowed him to gain a deep understanding of our technologies and our commercialization strategies," said Frederick D. Pettit, Chairman 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. . "The formation of our audit committee sets the final stone in place allowing us to make application for a listing on a major exchange. The integrity and business experience that Dean, Clive and John bring to the committee further highlight our increasing maturity as a company." "Fred and I have been professionally acquainted for about a decade, and I have had the pleasure of working with him in the past," said Witter. "I have the highest respect for Fred and the management team he has assembled, and I have enjoyed participating in the Company's gathering momentum as a member of the advisory board. I am looking forward to my expanded role on the board of directors and as the chairman of the audit committee." Previously, Mr. Witter was a senior consultant with The Brenner Group, Inc., an interim management and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal firm. From 1973 to 1998, he held various financial management positions, including Vice President and Treasurer at Amdahl Corporation. Mr. Witter holds a B.A. from Harvard University, where he graduated magna cum laude and Phi Beta Kappa Phi Beta Kappa: see fraternity. Phi Beta Kappa Leading academic honour society in the U.S., which draws its membership from college and university students. The oldest Greek-letter society in the U.S. . He also holds an M.B.A. from Stanford University's Graduate School of Business. ABOUT ANTS SOFTWARE.COM ANTs software.com is an emerging Application Service Provider for Performance. The Company's vision is to become the leader in performance enhancement services for enterprise computing. The basis for the Company's business is its patented software technology, ANTs (an acronym for "Asynchronous Refers to events that are not synchronized, or coordinated, in time. The following are considered asynchronous operations. The interval between transmitting A and B is not the same as between B and C. The ability to initiate a transmission at either end. , Non-preemptive Tasks"). ANTs is an enabling middleware technology that can interact with many applications such as ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , e-commerce, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and other related areas to improve application and database performance. The Company's corporate offices are located at 801 Mahler Road, Burlingame, California. For more information visit our web site at http://www.antssoftware.com or call us at (650) 259-9105. This press release contains certain forward-looking statements as that phrase is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected. Such risks include but are not limited to the following: that Dean Witter's operational experience in finance and managing rapid organic growth may not have a material positive impact on the company or that the formation of the audit committee will result in a change in ANTs listing on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . Further risks are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Form 10-KSB on file with the Securities and Exchange Commission. |
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