Check the volume a week before this....ANTs Software Announces Open Market Share Buyback Program
MASON, Ohio, June 29, 2012 /PRNewswire via COMTEX/ -- ANTs Software, Inc. (ANTS),
an Advanced Software Technology product company, announced today that the Board
of Directors of the Company has approved a new share buyback program through open
market trading. As the first step of the buyback program, the Board authorized
the Company to buy back up to 40 million of its common shares in the open market
in 2012. ANTs Software, Inc. has announced this large first step of the buyback
plan to increase the value to the shareholders and to tighten up ANTs free
trading float as all shares repurchased under the program will be held internally
by ANTs.
Dr. Frank N. Kautzmann, III, ANTs Chairman and CEO stated: "We are most excited
to confirm our commitment to increasing shareholder value beginning at the
foundation: our share structure. ANTs values our loyal shareholders, and this is
just the beginning of a new chapter in our transparent communication with them,
appreciation of them and their patience during some very important product
introductions and licensing executions. The share buyback is also the first of
several material steps as ANTs prepares itself for up-listing to the OTCQB and
beyond. 2012 shall prove to be a most auspicious year."
ANTs software, inc. develops ANTs Compatibility Server, an innovative middleware
solution that accelerates database consolidation between database vendors
enabling application portability. The ACS, a middleware technology that would
allow customers to move applications from one database to another database,
enables enterprises to consolidate their applications onto fewer databases. It
also develops, markets, and supports ANTs Data Server. The company was formerly
known as ANTs software.com and changed its name to ANTs software, inc. in July
2000. The mission of ANTs Software is to help customers drive down IT operating
costs by consolidating hardware and software infrastructure, and eliminating cost
inefficiencies.
In addition to ACS, ANTs offers a complete portfolio of services ranging from
architecting or managing IT infrastructure, to full application performance
tuning and administrative services.
Forward Looking StatementsThis 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 ANTs software inc. (the "Company") will produce the expected
results; that it will produce 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 detailed in
the Company's filings with the Securities and Exchange Commission, including the
Company's most recent form 10-K for the fiscal year ended December 31, 2010. The
Company undertakes no obligation to revise or publicly release the results of any
revision to the forward-looking statements.
CONTACT:Dr. Frank N. Kautzmann, III Phone: 281.415.4121 |
