ANTs software.com Advisory Board Applauds Test Results and Technology Progress
BURLINGAME, Calif.--(BUSINESS WIRE)--Jan. 31, 2000--ANTs software.com (OTCBB: ANTS) (www.antssoftware.com), a developer of advanced technologies to speed up computer processing, held a meeting today of senior management and members of its advisory board at the company's Burlingame headquarters.
A featured event of the meeting was a proof-of-technology test in which 1 million transactions were processed in less than one second. Dr. Thomas Binford, the company's consultant for its testing programs, said: "This is the extraordinary result that the company expected. The transactions processed simulated the formats of the general ledger records of one of the world's leading software vendors.
"The approach taken, which has only very recently been developed, suggests that ANTs can be made much more vendor independent than was previously thought to be the case."
Advisory board member Frank Ruotolo said: "Viewing today's events as an enterprise consultant, I believe the potential impacts of this technology on the fields of ERP, Business to Business (B2B), inventory control and manufacturing management, just for starters, are very exciting."
Dr. Clive Whittenbury, also an advisory board member, said: "Today's meeting convinced me that the company has made enormous progress in simplifying the way in which ANTs can be made to work with any ERP software vendor's commutative applications. This simplification can be expected to give ANTs great flexibility in choosing future vendor partners."
Frederick D. Pettit, chairman and chief executive officer, said: "Necessity continues its time-honored role as the mother of invention. The events of the recent past have caused us to make deep and important improvements in our strategic approach to vendor interfacing.
"Building on our substantial intellectual property platform, the unique talents of our chief technology officer, Clifford Hersh, and the valuable inputs of our enlarged senior management team and advisory board, we have refined and improved our core technologies and implementation strategies as evidenced by the results of today's test and the comments of our advisors."
In conclusion, Pettit said: "Our development path has become both more flexible and robust as a result of these refinements. Fortunately, we are also gathering momentum in our efforts to attract the outstanding talents we seek to join with us in the execution of our plans."
For biographical information on the members of ANTs' advisory board, consult the company's Web site.
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. |
