SOURCE: SAND Technology

July 19, 2005 08:00 ET

SAND Adds Tom Ivaskiv to Board

Technology Entrepreneur Brings Global Marketing and Management Perspective to SAND Board of Directors

MONTREAL -- (MARKET WIRE) -- July 19, 2005 -- SAND Technology Inc. (NASDAQ: SNDT), an innovator in analytic application infrastructure, today announced that technology entrepreneur Thomas (Tom) G. Ivaskiv has joined the Company's Board of Directors. Tom is currently President and CEO of ITF Optical Technologies Inc., a manufacturer of Fiber Optic Components specializing in next generation telecomm networks, and high power lasers and amplifiers. Previously he was CEO of MEI Information Technologies Inc., a software developer specializing in CRM software applications for the Consumer Product Goods market, and President and CEO of AD OPT Technologies Inc., a specialist in advanced workforce scheduling applications. A graduate of Concordia University in Montreal, he spent much of his early career with Glendale International Corporation, (FIRAN) as Executive Vice President, President of Graphico Precision Division and Vice President Marketing & Sales for the Electronics Division.

"The addition of Tom to the SAND Board of Directors is an important step for the Company," said CEO Arthur Ritchie. "He brings to us over 28 years of business and technology management experience in software and electronic product manufacturing for North American, Australian and European markets, including an exceptional strategic planning, global marketing and sales perspective, and a particular focus on turnaround situations and growth strategies. These will be important attributes as we continue to guide the Company's transition from a technology-driven to a commercially driven business. The Executive Team, other Board Members and I are pleased to welcome him to SAND, and look forward to the benefits of his advice and counsel."

About SAND Technology®

SAND's advanced analytic data management products empower users with a better understanding of their business environment through better access to their business data. SAND Searchable Archive allows organizations to cost-effectively retain data for extended periods of time while the SAND Analytic Server facilitates better business insight.

SAND Technology-based solutions include CRM analytics, financial analysis, regulatory compliance and specialized Business Intelligence applications for government and security, healthcare, telecom-munications, financial services, retail and other business sectors.

SAND Technology has offices in the United States, Canada, the United Kingdom and Central Europe, and is traded on NASDAQ under the symbol SNDT. For more information, visit www.sand.com.

All Rights Reserved. SAND Technology and Nucleus are registered trademarks, and SAND Analytic Server, SAND Searchable Archive, See What's on the Horizon, analytics @ the speed of business, and all related SAND- and Nucleus-based marks and designs, are trademarks of SAND Technology Inc.

Certain statements contained in this press release are "forward looking statements" within the meaning of the United States Securities Act of 1933 and of the United States Securities Exchange Act of 1934. The forward-looking statements are intended to be subject to the safe harbour protection provided by these Acts. We have based these forward-looking statements on our current expectations and projections about future results, levels of activity, events, trends or plans. Such forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SAND to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All forward looking statements included in this press release are based on current expectations and on information available to SAND on the date of this press release. For a more detailed discussion of these risks and uncertainties and other business risks, see SAND's current Annual Report and SAND's reports to the Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

Contact Information

  • Media:
    Robert Thompson
    SAND Technology
    Email Contact
    +(1) 401/862-3538

    Investor Relations:

    de Jong & Associates,
    Email Contact
    +(1) 760/943-9065