New Issue: Ants Software raises $2.12 million in a private placement of units

By Sheri Kasprzak

Atlanta, Jan. 18 - Ants Software Inc. has closed a private placement of units for $2,123,000.

The company sold 2,123,000 units at $1 each to accredited investors. The units include one share and one warrant.

The warrants allow for an additional share at $2 each through Nov. 12, 2007.

Based in Burlingame, Calif., Ants develops relational database management software. It plans to use the proceeds from the private placement for sales, marketing and general corporate purposes.

Issuer:	Ants Software Inc.
Issue:	Units of one share and one warrant
Amount:	$2,123,000
Units:	2,123,000
Price:	$1.00
Warrants:	One warrant per unit
Warrant expiration:	Nov. 12, 2007
Warrant strike price:	$2.00
Settlement date:	Jan. 12
Stock price:	$2.35 at close Jan. 12

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