ANTs software.com Secures Additional Funding from Individual Investors.Business Editors & High Tech Writers BURLINGAME, Calif.--(BUSINESS WIRE)--Jan. 3, 2001 ANTs software.com, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ANTS), a developer of advanced technologies to accelerate computer processing, today announced that it has received additional funding from individual investors. ANTs interim 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. 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. said, "I am pleased to announce that our recent funding efforts resulted in an additional $1.85 million being received by the company prior to the end of 2000. This will be reflected in our year-end balance and operating sheet. The proceeds will be used to continue product development and the delivery of an initial beta product." This press release is neither an offer to sell nor a solicitation of offers to buy securities. ABOUT ANTS SOFTWARE.COM ANTs software.com is a development stage company. The Company seeks to become the leader in performance enhancement services for enterprise computing, based on its proprietary software technology. ANTs is an enabling middleware technology that is being developed to readily interact with applications such as stand-alone credit card processing, trading pool trading pool A pool in which the stock is manipulated by purchases and sales in the open market. For example, pool operators affect a stock's price and volume by making purchases in the open market, thereby attracting the interest of other investors. , bank processing and inventory systems, as well as more comprehensive 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, and 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 systems. The objective is to radically improve application and database performance. The Company's corporate offices are located at 801 Mahler Road, Burlingame, Calif. 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: there can be no assurance that ANTs software will produce the expected results or that it will result in a commercially viable product; that the Company will secure the necessary current and additional financing, intellectual property and staff to support current and future operations. Further risks are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Form 10-KSB for the fiscal year ended April 30, 2000. |
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