SOURCE: SAND Technology

October 31, 2005 17:10 ET

SAND Announces Year-End Results

MONTREAL, QUEBEC -- (MARKET WIRE) -- October 31, 2005 -- SAND™ Technology Inc. (OTC BB: SNDTF) today reported revenues for the twelve months to July 31, 2005 of $6,096,033 against $5,349,214 for the same period last year and loss of ($0.57) per share compared to a loss last year of ($0.55) per share. All figures are in Canadian dollars.

"Although our Revenue increased 14% over last year," notes Arthur Ritchie, President and Chief Executive Officer of SAND, "we have not yet achieved the results we are expecting for our shareholders. Over the past year, we have made many of the necessary investments in product development, messaging, marketing, and partnerships required to ensure the success of our newer SAND Searchable Archive product, which started shipping last year."

"We've enlisted the help of acknowledged industry expertise to help shape our strategy around this exciting product and now have it viewed as a required complementary technology for customers, rather than a threat to existing investments which sometimes hampered acceptance of our SAND Analytic Server product. We are confident that this year will begin to show the fruits of this changed product strategy and investment. Meanwhile, to ensure the financial health of the company through this period, we have made a number of operational and expense adjustments to substantially lower our burn rate while acquiring significant strength in our Sales, Marketing, and Board capabilities," added Ritchie.

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 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. 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. Other trademarks are the property of their respective owners.

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.

SAND TECHNOLOGY INC.

Consolidated Statement of Operations
For the Years Ended July 31, 2005 and 2004

   IN CANADIAN DOLLARS


                                FOR THE YEARS ENDED JULY 31

                                    2005            2004
                                 ----------      ----------
Net Sales                        $6,096,033      $5,349,214
Cost of Sales and
 Product Support                ($1,754,138)    ($1,652,369)
Research and Development Costs  ($3,272,102)    ($3,308,789)
Amortization of capital assets
 and acquired technology          ($277,276)      ($242,488)
Selling, general and
 administrative expenses        ($8,317,831)    ($7,604,541)
(Loss) from operations          ($7,525,314)    ($7,458,973)
Other Income                       $162,260        $329,043
(Loss) before income tax        ($7,363,054)    ($7,129,930)
Income taxes                           ----            ----
Net Income (Loss) earnings      ($7,363,054)    ($7,129,930)
Earnings (Loss) per share            ($0.57)         ($0.55)
Weighted average number of
 Shares outstanding              12,860,438      13,079,649

Contact Information

  • Media:
    Jerry Shattner
    SAND Technology
    Email Contact
    +(1) 514/906-4173

    Investor Relations:
    de Jong & Associates
    Email Contact
    +(1) 760/943-9065