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Microcap & Penny Stocks : ANTs SOFTWARE.COM (ANTS) -- Ignore unavailable to you. Want to Upgrade?

To: Tinroad who wrote (128)	1/3/2000 8:24:00 AM
From: Tinroad	Respond to of 607

ANTs Arrangements for Independent Benchtesting Supervision SANTA BARBARA, Calif.--(BUSINESS WIRE)--Jan. 3, 2000-- Frederick D. Pettit, President & CEO of ANTs software.com (OTC BB: ANTS - news) issued a further statement today with respect to his December 31, 1999 press release regarding the Company's benchmark testing programs. Pettit said, ``Individuals familiar with computer related benchmark testing know how difficult it is to ensure confidence within the information technology (IT) community as to the objectivity of test procedures. The variables available to the tester make it possible to get differing results depending upon how the tests are run.' Pettit said, ``Companies frequently run benchmark tests within their own laboratories by their own staff. No matter how careful such companies are in ensuring objectivity, for the reasons given above, there may be some unease on the part of readers of the results as to whether the tests were done on a level playing field.' ``For well-established companies with presumed integrity, this aspect of their business may be of lesser importance,' Pettit said. ``For us, it is critical. ANTs is just approaching its launch into commerciality with a radical, new technology promising unprecedented results. Any release of testing data by us must be as surgically clean as possible.' ``Our audiences in the IT field are highly sophisticated with respect to benchmark testing. Any attempt at cooking the books would be immediately detected and become publicly known. More importantly, it would violate every principal of ethics by which this Company is being run and squander an opportunity for well founded recognition as a potential change agent for the industry.' ``Interested parties should understand that Dr. Thomas Binford, who has been engaged to supervise all aspects of the Company's benchmark testing program, is a consultant to ANTs and is paid by ANTs. They should also understand that Dr. Binford will not conduct any tests. He has been engaged by ANTs to make arrangements for our testing programs due to his expertise in the field of computer science and his unquestioned reputation for integrity within the IT world.' Pettit said, ``Dr. Binford 's role is to ensure our IT audiences have confidence that our test programs keep the potential range for self serving procedures as narrow as possible by anyone's standards. If we fail to provide that level of comfort to these folks and, therefore, ultimately everyone else, the exceptional results we expect to achieve could meet blind eyes and deaf ears.' Mr. Pettit requoted the remarks of his December 31, 1999 press release with regard to Dr. Binford's role. He said, ``ANTs has engaged Thomas Binford, Ph.D., a well-known former member of Stanford University's computer science faculty, to supervise all aspects of the Company's benchmark testing program. Dr. Binford has been given full authority to make whatever arrangements he believes appropriate to ensure the highest standards of objectivity in ANTs' benchmark testing programs. Given the nature of the Company's technologies, these programs are expected to be of a continuing and on-going nature.' Pettit concluded by restating that ``Dr. Binford is the husband of Ione Binford, ANTs Managing Director for Applications Vendor Relationships. He assisted Ms. Binford's evaluation of ANTs before she resigned from Hewlett Packard as Senior Program Manager of Outsourcing to take up her current responsibilities.' 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.