ANTs Corporate Vision
•ANTS will no longer be a single, middle ware data base development and marketing firm. ANTS will become revenue diverse with continuous development of existing ANTS ACS technologies and licensing, licensing other advanced software technologies and also acquire, as wholly owned subsidiaries private companies, in diverse fields such as emerging technology, Oil and Gas Trading Companies, Commodity Trading Companies, and asset based firms.
Relocation of ANTS Corporate Offices
•The ANTS Corporate Offices have been relocated to Mason, Ohio
•Ohio Foreign Corporation registration of ANTS Software, Inc.
•Registered agent Attorney for same in Ohio
•Negotiating office space in Mason, Ohio
Justification: Salaries of Officers, Developers and Technical Staff in Ohio are one-half the cost of West Coast and East Coast salaries. Major technology firms such as Teradata in Ohio. [Cost reduction]
Resolving Major Stockholder Issues
•No over-subscription of stock issues as validated from Wells Fargo and Island Stock Transfer. Further detailed analysis by CPA firms and ANTS Counsel is underway.
•Re-engaging Taylor English Duma LLP, Atlanta, Georgia, as well as major Legal firms in Texas and Ohio and Public CPA firms.
•First order of business by these firms are overdue SEC filings
•Second order of business involves detailed examination of all Officer and Board actions from 2000 through April 30, 2012.
•Third order of business involves potential action by ANTs attorneys for any malfeasance by prior ANTS’ Officers and Board of Directors on all transactional and stock matters.
•Current ANTS patents and patents pending status and continuation filings are underway
•Trading by any entity that ANTS had financial agreements by SEC filings that required only trading long will have their trading tickets examined for possible SEC violation or detrimental action regarding ANTS stock performance. ANTS SEC attorney will analyze and determine what actions, if any, will need to be pursued.
ANTS Defendant Lawsuits Status
•Lawsuit in Federal Court, New York, by Gemini is closed. Gemini awarded a 9K judgment against ANTS. [ANTS never delivered the stock to Gemini under the terms of the agreement.]
•Lawsuit by Ronald Peterson, former ANTS employee and sixteen other former ANTS employees in a class action was against ANTS was granted a default judgment on June 12, 2012. ANTS Appellate attorneys will file an appeal.
•Sybase lawsuit against ANTS, Superior Court, San Francisco California, filed a default judgment against ANTS for $1.4 million dollars on June 18, 2012. ANT’s appellate attorneys will file an appeal. ANTS may also file in Federal Court in Georgia a lawsuit against Sybase and SAP.
• Other potential Federal lawsuits may be filed against major corporations regarding ANTS Intellectual Property.
Notes: The Corporate Law Group, LLP, a three person law firm, with Paul Marrotta, lead Attorney, on these suits, only informed me in detail and status, with extraordinary little lead time to gain other Counsel in California to avoid the Peterson and Sybase default judgments. In fact, opposing Counsel in the Sybase lawsuit conveyed to me that such behavior by CLG was unethical. The CLG and Mr. Marrotta no longer represent ANTS in any capacity.]
Other Matters
•Mr. Kozak on May 2, 2012 withdrew corporate funds from an ANTS corporate bank account. Mr. Kozak resigned on April 30, 2012. This is being legally pursued.
•Mr. Kozak’s status as a Strategic Advisor as declared in the SEC 8-K filing of May 2, 2012 was never consummated. Mr. Kozak has no formal or informal relationship with ANTS.
•Mr. Kozak and the former Board of Directors hold individual tail policies on D&O insurance that expire on May 1, 2013. ANTS was not so insured. [All matters that are discovered since 2000 through April 30, 2012 that may be actionable under these D&O policies will be actively pursued.]
•All former bonus or termination plans for Officers and Board Members approved by ANTS former Board of Directors have been vacated or terminated by the new Board of Directors under advisement by ANTS attorneys.
•All personnel details of individuals posting on Raging Bull and other sites regarding ANTS Software Inc. or ANTS personnel that might contain derogatory, libelous or scandalous comments excluding their individual comments relative to ANTS stock performance can and will be obtained legally by ANTS attorneys for determination of legal action.
The New ANTS
•New ANTS website under construction
•ANTS shareholder Liaison for contact as part of the new website
•Press and PR firms are engaged and active
•Re-Architecting ANTS ACS technology, initial pass, completed.
•Non-exclusive licensing of Real Data, Inc.’s MATRIX product and Automatic Valuation Model [AVM].
•Home Junction, Inc., Spatial Match content data provisioning for 2,400 counties data feeds license assignment neither stock nor warrants of ANTS were involved. The delivery of this data is totally Internet based and RDI AVM enhancement under a non-exclusive license to ANTS.
•RDI MATRIX product non-exclusive license assigned to ANTS. [This is an approximate string matching commercial grade product successfully licensed to several FORTUNE 100 companies.]
• Significant associations and licensing using ANTS Advanced Technology and consulting internally and externally with major corporations are being pursued.
•Preliminary discussions with DOD agencies regarding licensed ANTS product licensing and engagement for existing project development consulting and staffing needs
•Negotiating alliances with major Ohio Universities for already funded Ph.D. interns for assignment to ANTS advanced architecture projects.
•Actian/Ingres contacts, already established at the COO and SVP level by RDI, for future project development by ANTS, or if by RDI, complete revenue assignment to ANTS.
•Preliminary discussions with two NBA teams in the area of Sport Analytics by RDI already existing contacts. Proprietary methodologies non-exclusively licensed to ANTS by RDI in the area of Artificial Intelligence, Automatic Neural Networks [ANN], in particular.
My major responsibility is solely to existing and future ANTS Software Inc. shareholders in all development, profitable licensing and first tier financial negotiations for ANTS existing and future products, including non-exclusively licensed products.
Dr. F. N. Kautzmann, III
CEO and Chairman
About ANTs Software
A major Software product of ANTs Software, the ANTS Compatibility Server (ACS), is designed to help customers drive down IT operating costs by consolidating hardware and software infrastructure and eliminating cost inefficiencies. To this end, ANTs develops and sells the ANTs Compatibility Server (ACS) an innovative middleware solution that accelerates database consolidation between database vendors, enabling application portability. In addition to ACS, ANTs offers a complete portfolio of services ranging from architecting or managing IT infrastructure, to full application performance tuning, consulting and administrative services. ANTs is a public company with headquarters in Mason, Ohio. Our shares trade on the OTC Bulletin Board under the symbol: ANTS. For more information visit, www.ants.com.
Forward-Looking Statements
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.
