Finally a news release.
It looks good to me. I think this is a buy and hold.
Thursday June 3, 11:33 am Eastern Time
Company Press Release
ANTs SOFTWARE.COM Completes $400,000 Private Placement
SANTA BARBARA, Calif.--(BUSINESS WIRE)--June 3, 1999--ANTs SOFTWARE.COM (OTC BB:ANTS) announced that it has completed a $400,000 private placement with Berry-Shino Securities Inc. of Phoenix.
This will provide the company with adequate funds to install and test its new proprietary breakthrough software technology on a 32-processor CMP (Cellular Multi-Processor) server system.
ANTs SOFTWARE.COM is the owner and developer of advanced new proprietary software that vastly improves the number of transactions that can be done on a given piece of hardware, increasing the ability to scale to more powerful hardware and significantly improve the ability to distribute certain kinds of transactions over networks of servers without incurring the high level of latency costs usually paid by distribution.
Latency is the downtime or delay created by the time it takes the computer to get the data it needs.
Lawson Software will be providing ERP (Enterprise Requirements Planning) software to demonstrate that ANTs proprietary software, Distributed SpeedSheet®, will run in real business situations.
Tests previously made by Lawson, using ANTs software on the largest NT server available today, the 12-processor Unisys Aquanta, showed linear speedup and perfect scalability. When the 32-processor CMP server is available, it will provide greater processing power for enterprise computing than any existing single mainframe or parallel UNIX server available today.
ANTs software will enable businesses to outsource their expensive computer installations, with all their staff, the endless expense and cost of management time updating software and hardware, by having their records maintained by server farms, consisting of thousands of computers under one roof. These new structures will be scattered all over the world and will be the engine rooms of the Internet, providing the power for all major World Wide Web sites.
ANTs' proprietary ability to distribute the data across the Web minimizes the chance of hardware failure or downtime caused by regional disaster.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ''act''). In particular, when used in the preceding discussion, the words ''plan,'' ''confident that,'' ''believe,'' ''expect,'' ''intend to'' and similar conditional expressions are intended to identify forward- looking statements within the meaning of the act and are subject to the safe harbor created by the act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include but are not limited to market conditions, competitive factors, the ability to successfully complete additional financings, and other risks.
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Contact:
ANTs SOFTWARE.COM, Santa Barbara
Donald R. Hutton, 805/687-4731
or
Prima Capital Corporate Communications, Santa Barbara
800/600-8599 |
