Formula Systems (FORTY)

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ANTs Expands Internationally; Signs Matrix as Primary Distributor in Israel
Thursday October 6, 8:00 am ET
Enters Israel Market With Signing of Strategic Systems Integrator


BURLINGAME, Calif., Oct. 6 /PRNewswire-FirstCall/ -- ANTs software, inc. (OTC Bulletin Board: ANTS - News), a developer of high-performance SQL database management systems, today announced the signing of a distribution agreement with Matrix, the leading integration and IT company in Israel, to distribute and support the ANTs Data Server in that market. The agreement marks ANTs' entry into a key technology market, and is the first of what the company anticipates will be a series of relationships established to further its push into Europe, Middle East and Asia.

Matrix serves customers in the business, finance, telecommunications, commerce, government, public sector and defense industries. Matrix provides ANTs with a comprehensive, highly professional marketing, sales and pre-sales network and a comprehensive service and training center. Matrix believes that the low total cost of ownership and high performance offered by the ANTs Data Server will prove to be very attractive to a large number of business and government organizations in Israel.

ANTs offers Matrix customers the potential to significantly reduce database hardware, software and system administration costs, achieve rapid, low-cost migration of their applications to the ANTs Data Server and realize significant performance advantages.

"Our relationship with Matrix marks the initiation of our global expansion strategy and establishes our presence in an important advanced technology center of the world," said Boyd Pearce, CEO of ANTs Software. "We look forward to helping Matrix deliver the benefits of the ANTs Data Server to its customers and provide them a far superior alternative to traditional relational databases and in-memory caching options."

About The ANTs Data Server

The ANTs Data Server is a full-featured, standards-compliant relational database management system based on a breakthrough, high-performance SQL query execution engine that incorporates innovative, lock-free operations. It can typically be deployed on fewer, low-cost servers with the potential to reduce hardware, software and system administration costs by 60 to 90 percent.

Through its compatibility with Oracle, SQL Server and Sybase databases, and its embedded deployment mode that supports TimesTen applications, the ANTs Data Server allows applications to be quickly moved without the major rewrites and cost usually associated with application migration.

About Matrix

Matrix is the leading integration and IT company in Israel. Employing 2,100 software professionals, Matrix supplies advanced information technology services to over 500 clients. The company's annual revenue for FY2004 was $200 million. Matrix is traded on the Tel Aviv Stock Exchange. The company is part of the Formula Group, Israel's premier IT group, publicly traded in the United States (Nasdaq: FORTY - News). For more information on Matrix, visit www.matrix.co.il

http://biz.yahoo.com/prnews/051006/sfth025.html?.v=27

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