I am feeding them Jim Jones Kool Aide: ""Dr. Peter C. Patton has resigned from our board of directors."
ANTs software.com Board Composition and Policy Changes
BURLINGAME, Calif.--(BUSINESS WIRE)--Feb. 2, 2000--ANTs software.com, (OTCBB:ANTS)
(www.antssoftware.com) a developer of advanced technologies to speed up computer processing today announced
changes in its board composition and policies.
Frederick D. Pettit, Chairman and Chief Executive Officer of ANTs said, "The Company deeply regrets that Dr. Peter
C. Patton has resigned from our board of directors. He is a recognized authority in the field of parallel processing
whose past service to the Company, which extends back to its formation in the mid-80's, has been invaluable."
Looking ahead, Pettit said, "We have been exploring possible additions to our board for some time with several
objectives in mind. First, of course, is to attract individuals with experience of a kind that can make a real contribution
to the development and guidance of the Company. Second, is to ensure a majority of non-management members.
Finally, we want to attract individuals whose primary activities offer little or no prospect of potential conflict with their
responsibilities as directors of the Company."
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 "
An Ominous sign of things to come, to say the least. I guess a world reknowned expert wants out in a hurry. Gee if everything is peachy keen, why is he running? |
