ANTs Software Closes The First Tranche of The
Previously Announced $10 Million Investment
Agreement with Fletcher Asset Management
May 12, 2010 06:33 AM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--ANTs software inc. (OTCBB:ANTS), a leader in
database migration solutions, today announced the closing of the $500,000 first tranche of the previously announced
$10 million investment agreement with Fletcher International, Ltd., an affiliate of Fletcher Asset Management, Inc. In
addition to the $1,500,000 previously invested on March 22, 2010, proceeds from this transaction will be used
primarily to further fund ANTs’ development of innovative database migration solutions and to execute a go-to-
The remaining two future investments are subject to achievement of predetermined business milestones. Details of the
transaction will be included on a Form 8-K to be filed with the Securities & Exchange Commission.
“We are very pleased with Fletcher’s continued partnership with ANTs,” said Joseph Kozak, Chairman and CEO
of ANTs Software. “We continue to have a number of very significant corporate milestones on the horizon and this
investment allows us to continue to move towards achieving our goals.”
This press release shall not constitute an offer to sell or the solicitation of offers to buy securities. The securities and
the shares of ANTs common stock issuable upon exercise of the securities have not been registered under the
Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United
States absent registration or an applicable exemption from registration requirements.
About ANTs software inc.
The mission of ANTs Software is 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 solution that accelerates database consolidation b