I for one wish to start helping ANTS. First thing they should do is not send out broadcast emails using Primia Capital since they say they no longer use their services. "utmost importance to us that we maintain integrity and honest communications with our shareholders"
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Date: Mon, 31 Jan 2000 06:19:40 -0800
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Subject: ANTS ---ANTs SOFTWARE.COM 1/30/00 & 1/31/00 PRESS RELEASES
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Sunday January 30, 6:38 pm Eastern Time
Company Press Release
ANTs software.com Appoints Dr. John
Williams to Its Advisory Board and
Confirms Test Announcement Will Be Made January 31, 2000
BURLINGAME, Calif.--(BUSINESS WIRE)--Jan. 30, 2000--Frederick D. Pettit,
newly appointed
Chairman & CEO of ANTs software.com, (OTC BB:ANTS - news;
www.antssoftware.com) a developer
of advanced technologies to speed up computer processing, announced the
appointment of Dr. John
Williams to the Company's Advisory Board and confirmed that an update of
ANTs' technology
development and testing programs will be released on January 31, 2000.
Pettit said, ''Effective today, Dr. Williams is joining our Advisory
Board and will be present at a
meeting of that Board scheduled for Monday, January 31, 2000. He is
currently Vice President and
Head of Research & Development at BroadQuest, an early stage company
involved in innovative
dataweb architecture.''
Before joining BroadQuest, Dr. Williams was with IBM for over 20 years,
most recently as a senior
researcher at the IBM Almaden Research Center, Almaden, California.
His primary focus during his last two years at IBM was on Internet
projects, based on his extensive
experience in designing tools for creating dynamic and hierarchically
navigable worldwide web sites
and graphical user interfaces for database systems, scripting languages
for digital animation, design
and implementation of programming languages, functional programming,
program transformation,
programming language semantics, and optimizing compilers.
For eight years prior to his work at IBM, Dr. Williams was an associate
professor in the Computer
Science department at Cornell. He has also served as visiting professor
at Stanford University and
U.C. Berkeley, teaching courses in introductory programming, data
structures, programming
languages, compiler construction, operating systems, automata theory,
formal properties of
languages, computer architecture, and functional programming.
Dr. Williams received his Ph.D. in Computer Science with a minor in
Mathematics from the University
of Wisconsin and holds an M.S. and B.S. in Mathematics from the
University of Wisconsin.
As indicated above, Pettit also reported that the Company's senior
management and Advisory Board
will meet on Monday, January 31, 2000 to witness a demonstration of
ANTs' technology and review
progress on the Company's ''interface project.''
He said that a further press release will be made covering the results
of the demonstration and review
no later than the opening of business Tuesday, February 1, 2000 Eastern
Time.
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.
Contact:
Full Circle Solutions
Leigh Salvo, 510/693-5238
leigh@fullcirclesolutions.com
Monday January 31, 4:59 am Eastern Time
Company Press Release
ANTs software.com Amends SEC
Materials, Pursues Media Corrective
Action
BURLINGAME, Calif.--(BUSINESS WIRE)--Jan. 31, 2000--Frederick D. Pettit,
newly appointed
chairman and chief executive officer of ANTs software.com (OTCBB:ANTS -
news;
www.antssoftware.com), a developer of advanced technologies to speed up
computer processing,
made announcements today regarding amended SEC filings and pursuit of
corrective action for
malicious and misleading media reports occurring between Dec. 29, 1999,
and Jan. 7, 2000.
Regarding the SEC filings, Pettit said: ''The company has filed an
amended Form 8-K today to correct
an inadvertent error made on a prior filing on a Form 10-SB and a Form
S-8. The error was not made
by the company nor any of its staff, nor its then-chairman, Donald R.
Hutton. As soon as we became
aware of this inadvertent error, we took swift action to correct it. The
amended filing should be publicly
available shortly.''
Pettit said: ''We believe our amended filing will make clear that there
was absolutely no wrongdoing or
intent to mislead on the part of the company's former chairman, as
erroneously and repeatedly
reported by one news source in the last several weeks. These reports
were made in the face of
irrefutable evidence to the contrary brought immediately to this
source's direct attention.''
Pettit continued: ''During the past month we have made several attempts
to get malicious and
misleading statements emanating from this source publicly retracted or
corrected, but to no avail. We
have now sought the aid of legal counsel, and intend to defend our
position vigorously. It is of the
utmost importance to us that we maintain integrity and honest
communications with our shareholders,
employees and customers.
''Despite the high degree of time and attention we have been obliged to
expend on attempting to
correct these egregious errors in reporting, the company's senior
management and advisory board will
meet later today to witness a demonstration of progress to date on our
technology, and to conduct a
review of our testing programs,'' Pettit concluded.
As per ANTs' news announcement of yesterday regarding the appointment of
Dr. John Williams to its
advisory board, an assessment of the company's technological status will
be released prior to the
opening of the market on Tuesday, Feb. 1, 2000.
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.
Contact:
Full Circle Solutions
Leigh Salvo, 510/693-5238
leigh@fullcirclesolutions.com
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