ANTs software inc. Completes Acquisition of Inventa Technologies, Inc.

ANTs software inc. (OTCBB:ANTS), a leader in compatible, high-performance SQL database management systems, today announced that it has completed the acquisition of Inventa Technologies, Inc. The acquisition adds a talented, experienced professional services team that, together with the ANTs Compatibility Server, provides customers a complete product and delivery offering for consolidating databases quickly and cost-effectively. ANTs Software also announced that it has reached agreement with its noteholders to extend $9.25 million in convertible promissory notes through January 2011. $6.5 million in notes were set to mature from December 2008 through March 2009; an additional $3 million in notes were set to mature from October through December 2010. All but $250,000 in notes has been extended through January 31, 2011. "The transactions completed in the last three weeks – the acquisition of Inventa, the sale of our original product, the ANTs Data Server, the completion of $7.5 million in financing and the extension of our debt – should position ANTs to capitalize on the tremendous opportunity for database consolidation through the ANTs Compatibility Server,” said Joseph Kozak, chairman and CEO of ANTs Software. ANTs software inc. ANTs software inc. (OTCBB:ANTS), based in Silicon Valley, is the developer of the ANTs Compatibility Server, software that accelerates database consolidation between database vendors, enabling application portability. The company's mission is to help customers reduce hardware, software, and development costs by providing exceptional data management solutions. For more information, visit www.ants.com. This press release is neither an offer to sell, nor a solicitation of offers to purchase securities. The sales of the private securities mentioned above were made in reliance upon Rule 506 of Regulation D and Section 4(2) of the Securities Act of 1933, as amended (the "Act”) and such securities have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. 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,” "could,” "expects,” "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: that the recent financing will be insufficient for the Company’s needs; that the combination with Inventa might not meet the Company’s business goals; the market will not respond positively to the ANTs Compatibility Server, 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 migrating applications using the Compatibility Server, potential problems in protecting the Company’s intellectual property, and problems securing the necessary financing to continue operations should revenues not be sufficient to offset expenses. 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 Quarterly Report on Form 10Q for the fiscal quarter ended March 31, 2008. 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 release.