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Microcap & Penny Stocks : ANTs SOFTWARE.COM (ANTS)

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To: StockDung who wrote (71)12/28/1999 10:30:00 AM
From: Tinroad   of 607
 
Apparently, someone's DD results differ from yours:
ANTs SOFTWARE.COM Announces Completion of $4.8 Million Funding

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Dec. 28, 1999--ANTs SOFTWARE.COM (OTCBB:ANTS) announced that it has completed a private placement of unregistered shares totaling $4.8 million.
These shares were sold as "Restricted Securities" as defined under the Securities Act of 1933 and may not be resold in the absence of compliance with Rule 144 under the Securities Act.
These additional funds will provide sufficient working capital for the company well into the year 2001 and enable the company to aggressively seek out and hire the highly qualified staff necessary to market the ANTs proprietary technology.
Further information is available on the company's new Web site, www.antssoftware.com.

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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