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Last updated on April 23, 2014 at 21:24 EDT

ANTs Software Announces Return of Former Executive

September 28, 2012

ATLANTA, Sept. 28, 2012 /PRNewswire/ — ANTs Software, Inc. (OTC US: ANTS), a US patented, high-performance, compatibility, and virtual technologies software manufacturer, today announced it has rehired a former Executive to take the reigns of Worldwide Sales and Marketing.

“We are thrilled that Rik Sanchez, the former founder and Vice President of the profitable and successful Telecommunications, Media, and High Tech Businesses Units for ANTs Software, Inc. will return in the elevated position as Senior Vice President of Worldwide Sales,” said Dr. F. N. Kautzmann, III Chairman, CEO and President of ANTs Software, Inc.

“My primary goal is to return ANTs to a successful and profitable company, while creating shareholder value and rebuilding our reputation. Being familiar with the patented technologies that ANTs has developed within high-performance, compatibility, and virtual technologies, under Dr. Haussmann’s business and technical leadership, along with appropriate positioning and rebranding, I believe ANTs’ new and advanced technologies can change the landscape of the Cloud, Security, Defense, Financial, and Retail spaces,” said Sanchez.

ANTs Software, Inc.
ANTs Software, Inc. (OTC US: ANTS), develops high-performance data management architectural products and solutions. The company’s mission is to help customers reduce hardware, software, and development costs by providing exceptional database price/performance. For more information on ANTs Software, visit www.ants.com.

This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities. This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future performance, are sometimes identified by words of condition such as “should,” “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: challenges arising from competition, 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 porting applications to the Company’s database, potential problems in protecting the Company’s intellectual property, and problems securing the necessary financing to continue operations. 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. 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.

    Company contact:     For additional information:
    Rik Sanchez          Dr. F. N. Kautzmann, III
    ANTs Software, Inc.  Chairman. CEO and President
    (404) 216-2783       ANTs Software, Inc.
    rik.sanchez@ants.com OTC US: ANTS
                         Drfnk@ants.com

SOURCE ANTs Software, Inc.


Source: PR Newswire