BWA HAH HAHAHA: "ANTs Secures New Round of Financing
2001-11-30 13:24 (New York)
Business Editors/High-Tech Writers
BURLINGAME, Calif.--(BUSINESS WIRE)--Nov. 30, 2001--ANTs software
inc. (OTCBB:ANTS), a developer of advanced technologies to accelerate
online transaction processing, announced today that it has closed a
round of equity financing which will fund operations into the first
quarter of 2002, and has received commitments for additional
financing, that it believes will fund operations through the first
quarter of 2002.
"This new round of financing from current investors helps us to
continue developing and marketing our revolutionary technology," said
CEO Frank Ruotolo.
About ANTs software inc.
ANTs software inc. seeks to become the leader in performance
enhancement services for enterprise computing, based on its
proprietary software technology. This technology can be used either as
an accelerator for conventional relational database management systems
(RDBMS) or as a standalone RDBMS. The objective is to radically
improve database and database application performance. For more
information on ANTs software, please visit www.antssoftware.com.
This press release is neither an offer to sell nor a solicitation
of offers to purchase securities. This press release contains certain
forward-looking statements as that phrase is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those projected.
Such risks include but are not limited to the following: there can be
no assurance that the Company will produce the expected results or
that it will result in a commercially viable product; that the Company
will secure the necessary current and additional financing,
intellectual property and staff to support current and future
operations. Further risks are listed in the Company's filings with the
Securities and Exchange Commission, including the Company's most
recent form 10-KSB for the fiscal year ended December 31, 2000.
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CONTACT: ANTs software inc.
Carole Parfett, 650/692-0219 x40
Carole.Parfett@antssoftware.com |
