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ANTs Software Announces Open Market Share Buyback Program
Jun 29, 2012 (04:06 PM EDT)
MASON, Ohio, June 29, 2012 /PRNewswire/ -- ANTs Software, Inc. (Pink Sheets: ANTS; www.ants.com), an Advanced Software Technology product company, announced today that the Board of Directors of the Company has approved a new share buyback program through open market trading. As the first step of the buyback program, the Board authorized the Company to buy back up to 40 million of its common shares in the open market in 2012. ANTs Software, Inc. has announced this large first step of the buyback plan to increase the value to the shareholders and to tighten up ANTs free trading float as all shares repurchased under the program will be held internally by ANTs.
Dr. Frank N. Kautzmann, III, ANTs Chairman and CEO stated: "We are most excited to confirm our commitment to increasing shareholder value beginning at the foundation: our share structure. ANTs values our loyal shareholders, and this is just the beginning of a new chapter in our transparent communication with them, appreciation of them and their patience during some very important product introductions and licensing executions. The share buyback is also the first of several material steps as ANTs prepares itself for up-listing to the OTCQB and beyond. 2012 shall prove to be a most auspicious year."
ANTs software, inc. develops ANTs Compatibility Server, an innovative middleware solution that accelerates database consolidation between database vendors enabling application portability. The ACS, a middleware technology that would allow customers to move applications from one database to another database, enables enterprises to consolidate their applications onto fewer databases. It also develops, markets, and supports ANTs Data Server. The company was formerly known as ANTs software.com and changed its name to ANTs software, inc. in July 2000. The mission of ANTs Software is to help customers drive down IT operating costs by consolidating hardware and software infrastructure, and eliminating cost inefficiencies.
In addition to ACS, ANTs offers a complete portfolio of services ranging from architecting or managing IT infrastructure, to full application performance tuning and administrative services.
Forward Looking Statements
SOURCE ANTs Software, Inc.