ANTs Announces New Business and Negotiations with IBM and SAP
MASON, Ohio, Sept. 18, 2012 /PRNewswire/ — ANTs is pleased to announce that ANTs has received a $7mm contract from a private firm for architectural and programming support for a FORTUNE 500 Company. ANTs is a sub-contractor to the prime contractor. The project start date is November 2012.
Additionally ANTs is in negotiations with IBM, Italy and SAP, China regarding their existing client projects involving the AAA (ACS Advanced architecture) as well as long term projects and licensing of other ANTs non-exclusive IP products. Service and support contracts are contemplated.
This ANTS Software Inc .CEO Corner release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” or “intends,” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: problems securing the necessary financing to continue operations should revenues not be sufficient to offset expenses, problems encountered in commercializing the ANTs technology, potential of undetected infringing technology or non-infringing competitive technologies, difficulties experienced in product development, roadblocks experienced in sales and marketing activities, longer than expected sales processes, difficulties in recruiting knowledgeable and experienced personnel, possible problems in migrating applications using the ANTs Compatibility Server (ACS),problems in launching ANTS Software, Inc. licensed products and potential problems in protecting the Company’s intellectual property. Further information concerning these and other risks is included in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as supplemented by the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2011. The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Dr. F. N. Kautzmann III, Chairman, CEO and President, 1-281-415-4121
SOURCE ANTS Software, Inc.