SOURCE: SAND Technology

August 04, 2005 08:00 ET

SAND Technology Receives NASDAQ Delisting Notice

MONTREAL -- (MARKET WIRE) -- August 4, 2005 -- SAND Technology, Inc. (NASDAQ: SNDT) announced today that it has been notified by The Nasdaq Stock Market, Inc. ("Nasdaq") that its Class A Common Shares will be delisted from The Nasdaq SmallCap Market at the opening of business on August 9, 2005. The delisting notice was based upon the failure of SAND's Class A Common Shares to satisfy the minimum bid price requirement of Nasdaq Marketplace Rule 4310(c)(4).

While SAND's Class A Common Shares will not be immediately eligible to trade on the OTCBB or in the "Pink Sheets," they will become eligible if a market maker applies to register in and quote the shares in accordance with SEC Rule 15c2-11 and such application is cleared. While there is no assurance that its application will be granted, SAND has been informed that at least one market maker has made such an application for the OTCBB.

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