ATLANTA, Dec. 7, 2012 /PRNewswire/ -- ANTs Software, Inc. (OTC US: ANTS), a U.S. patented lock-free, high-performance, compatibility and virtual technologies software manufacturer, recently announced the promotion of Rik Sanchez to Chief Executive Officer and Chairman of the Board of Directors of ANTs Software, Inc. effective November 12, 2012.
The new Chairman and CEO Rik Sanchez who succeeded Kautzmann last month announces, "Simply stated we are cleaning house after the mistakes of the past, we have put together a solid plan, an infrastructure with creditable, experienced people, financing, a new culture and a team of trusted professionals that know how to execute and drive ANTs forward with explosive worldwide growth in sales, service, support, and respectability."
We are pleased to announce the appointment of two preeminent officers and board members: Bruce Brown, currently the COO Freebeepay, Inc., former CEO of Instawares, and SVP & CIO of T-Mobile and PowerTel. Legendary in world of telecommunication, Mr. Brown was instrumental in the explosive growth at Bellsouth during his 18 years there. Bruce brings more than thirty years of business leadership experience, as well as expertise in ecommerce, domestic & international wireless communications, software development and operations. Bruce came to these positions after eighteen years of increasingly responsible roles in BellSouth's International, Mobility and Information Systems business. "Bruce brings stability to his role in ANTs, as well as his deep knowledge of Enterprise software development and deployment," said Sanchez.
Equally exciting is the addition of Elise Vetula, who joins ANTs as our Chief Financial Officer and Member of the Board Of Directors, from NextTraq where she served as the Comptroller. Elise brings more than 20 years of experience as a CFO and in other leadership positions in the financial arena with organizations such as Char Baxter Communications. "Elise is a talented professional with a solid history reorganizing, streamlining, and strengthening financial operations to maximize performance and profitability," said Sanchez. "She has the in-depth experience across all core business and operations functions, is a proven, respected, and responsible leader with extensive experience in all areas of financial planning and reporting, that is greatly needed within our executive leadership at the new ANTs," Sanchez continued.
"My primary goal continues to be simple and straightforward: restoring ANTs to a successful, profitable, and financially strong company, while creating Shareholder value and building a worldwide reputation without reproach," Sanchez said. "We are creating a new culture at ANTs with the addition of these highly respected and experienced leaders. We believe that their addition, along with new worldwide sales and distribution channels, skilled implementation partners, correct positioning, rebranding, and the addition of new products to our portfolio, virtually ensures that ANTs will be successful for many years to come. Accordingly, we at ANTs believe that our new and advanced high-performance products will revolutionize universal compatibility and virtual technologies as we know it today. Specifically we expect to achieve this in the Cloud, Security, Defense, Financial, Wireless, Telecommunications, and Retail industries, which require high performance without compromise, while reducing hardware costs, and creating much higher and faster ROI, verses costly application rewrites to achieve compatibility and virtualization," Sanchez continued.
About ANTs Software, Inc.
ANTs Software, Inc. (OTC 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.
Director of Marketing and Public Relations
ANTs Software, Inc.
Phone: (404) 216-2783
SOURCE ANTs Software, Inc.