Here's a shareholder update
I found this on the Raging Bull site.
ANTs SOFTWARE.COM
37 Santa Teresita Way
Santa Barbara
California 93105
Contact: Donald R Hutton Prima Capital Corporate Communications
805- 687 4731 800- 600 8599
Fax (805) 687-9412
SHAREHOLDER UPDATE
ANTs COMPLETES FUNDING THAT ALLOWS FOR INSTALLATION AND TESTING OF
PROPRIETARY SOFTWARE ON 32 PROCESSOR SYSTEM
Santa Barbara, CA.--ANTs SOFTWARE.COM (OTC BB: ANTS) announced completion of a $400,000 private placement with Berry-Shino Securities, Inc of Phoenix, Arizona on June 2, 1999. This placement provides adequate funds to install and test ANTs new proprietary break-through software technology on a 32 processor CMP (Cellular Multi-Processor) server system.
Tests previously conducted by Lawson Software on the 12 processor Aquanta, using ANTs software, showed linear speedup and perfect scalability. This 12 processor system is the largest NT server currently available. When the 32 processor CMP server is made available, it will provide greater processing power for enterprise computing than any existing single mainframe or parallel UNIX server available today.
Multi-processor servers are and will be, for the foreseeable future, the engine rooms that drive Server Farms. Server Farms are often referred to as Data Centers or Computer Centers. These farms are quickly becoming the storehouses of corporate records and data for many companies including Fortune 500 and multi-national firms. Server Farms are located around the world and each farm consists of the equivalent of thousands of computers under one roof. These farms operate by providing storage, retrieval, and maintenance for a client's entire data and record base through client World Wide Web (WWW) and e-Commerce sites operating through the Internet.
Over the next five years, it appears that most companies currently operating their own computer installations and departments will take advantage of the opportunity to get out of this segment of internal operations. They will accomplish this by out-sourcing their business records to the World Wide Web utilizing companies that have built and provide Server Farm services. These firms will only do this when the following advantages are available to them:
Lower overall costs
Total confidence in the security of their data
Virtual assurance of no system down-time due to system failure or natural disaster
Data will be recorded in real-time and records will be current at all times
Access to data and records will be at all times; 24 hours a day, 7 days a week, 365 days a year
Confidence that their records are maintained on current state-of-the-art hardware and software
The only capital costs incurred are those associated with purchase of computer terminals for their
employees
ANTs Software accomplishes ALL OF THE ABOVE.
How does ANTs do it?
ANTs is the owner and developer of advanced new proprietary software that vastly increases the number of transactions that can be performed on a given piece of hardware. ANTs/ Distributed SpeedSheetâ enables data to be distributed over the WWW at sites using our totally scalable software. ANTs stands for Asynchronous Non-Preemptive Tasks. The software also enables users to scale to more powerful hardware and significantly improve the ability to distribute certain kinds of transactions over networks of servers. This is accomplished without incurring the high level of latency costs usually paid by distribution. Latency is the down-time or delay created by the time it takes the computer to get the data it needs.
Space and time do not permit a detailed explanation of all of our software capabilities here. ANTs is currently proceeding to install our software, running real applications, on a 32-CMP at a major company's test lab. This installation uses Windows NT, currently thought of as inherently unscalable, and operates on Lawson software. The successful installation of our software on this operating system will prove ANTs technical viability.
The operating business model for ANTs is one whereby ANTs sells a service. ANTs, in effect, will be the only user of our software by becoming an OUT-SOURCER of computer services. If a customer wants to operate as envisaged above, it is in their best interests to take advantage of the benefits that ANTs offers.
A key to the business model focuses on ANTs not competing with any existing computer business. ANTs, in fact, complements the chip maker, the box maker, the Server Farm, the application software makers, as well as all existing out-sourcers. This makes all of these user groups potential customers of ANTs.
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. |
