Senior Vice President Rik Sanchez has been appointed CEO of ANTs Software, Inc.
ATLANTA, November 15, 2012- ANTs Software, Inc. (OTC PINK- US: ANTS), a U.S. patented, high-performance, compatibility and virtual technologies software manufacturer, today announced the promotion of Rik Sanchez to Chief Executive Officer and Chairman of the Board of Directors of ANTs Software Inc.
Former Chairman, CEO and President Dr. F. N. Kautzmann, III, recently announced his plans to retire, with Senior Vice President Rik Sanchez succeeding Kautzmann as CEO effective November 12, 2012.
"We are confident in handing over leadership of ANTs to Rik Sanchez," said Kautzmann. “We have put together a solid plan, infrastructure with safeguards, and are now ready to move forward with the next phase of growth for ANTs.”
"My primary goal continues to be restoring ANTs as a successful and profitable company, while creating shareholder value and rebuilding our reputation,”
About ANTs Software, Inc.
ANTs Software, Inc. (OTC PINK- 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, contact ANTs Software Inc. 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
Director of Marketing and Public Relations
ANTs Software, Inc.
Phone: (404) 216-2783