MONTREAL, Nov. 28 /PRNewswire-FirstCall/ -- SAND Technology Inc.
(OTC Bulletin Board: SNDTF), an international provider of data management
software and best practices, today reported a loss for the year ended July 31,
2008 of $1,271,950 ($0.09 per share), an improvement of 50% against a loss of
$2,526,524 ($0.19 per share) for the same period last year. For the quarter
ended July 31, 2008, the net loss amounted to $484,128 ($0.03 per share)
against a loss of $447,457 ($0.03 per share) in the fourth quarter of last
year. All figures are in Canadian dollars.
'Although our net loss has been cut by 50% over last year,' notes Arthur
Ritchie, President and Chief Executive Officer of SAND, 'we have yet to
achieve the results we are expecting for our shareholders. With respect to
revenue growth, we will continue to sell through direct sales and partnerships
with systems integrators. We will be focusing on converting established
relationships into sales of upgrades. However, we will have to contend with
concerned customers who are facing the same uncertain times.'
About SAND Technology
SAND Technology provides Data Management Software and Best Practices for
storing, accessing, and analyzing large amounts of data on-demand while
lowering TCO, leveraging existing infrastructure and improving operational
performance.
SAND/DNA solutions include CRM analytics, and specialized applications for
government, healthcare, financial services, telecommunications, retail,
transportation, and other business sectors. SAND/DNA has achieved 'Certified
for SAP NetWeaver' status and SAND Nearline Integration Controller has
achieved 'Powered by SAP NetWeaver' status.
SAND Technology has offices in the United States, Canada, the United
Kingdom and Central Europe.
SAND Technology, Nucleus, N-Vector, and MPSO are registered trademarks,
and SAND/DNA, SAND/DNA Access, SAND/DNA Analytics, SAND/DNA aCRM, SAND
Analytic Server, SAND Searchable Archive, SAND Extensible Warehouse, and all
related SAND-, SAND/DNA-, and Nucleus-based marks and designs, are trademarks
of SAND Technology Inc. Other trademarks remain 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 and the Private
Securities Litigation Reform Act of 1995 and following the Quebec Securities
Act.
