SAND Announces First Quarter Results



    MONTREAL, Jan. 29 /CNW/ -- SAND Technology Inc. (OTC Bulletin Board:  
SNDTF), an innovator in analytic application infrastructure, today reported
results for the three-month period ended October 31, 2007. The Company
reported a loss for the first quarter of fiscal year 2008 of $304,920, or
($0.02) per share on revenues of $1,784,925. In comparison with the first
quarter of fiscal year 2007, revenues have increased by over 21% and the
operating loss has decreased by over 64%.
    "We are encouraged by the revenue growth over the first quarter of last
year," said Arthur Ritchie, President and Chief Executive Officer of SAND.
"This gives us some indication on the level of the growing interest for our
SAND/DNA products in general and our new SAND/DNA for SAP BI offering," added
Ritchie.
    
    About SAND Technology(R)
    
    SAND Technology provides organizations worldwide with a unique vantage
point from which to survey the competitive landscape.  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 Technology-based solutions include CRM analytics, financial
analysis, regulatory compliance and specialized Business Intelligence
applications for government and security, healthcare, telecommunications,
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 http://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 Balance Sheet
    (Unaudited)
    

    IN CANADIAN DOLLARS

    
                                                     As at          As at
                                                Oct. 31, 2007  July 31, 2007
    Assets
    Current Assets
      Cash and cash equivalents                    $92,947       $330,711
      Accounts Receivable, Net                  $1,694,536     $1,582,957
      Prepaid Expenses                            $214,124       $150,964
                                                $2,001,607     $2,064,632
    

    
    Capital Assets, Net                           $160,312       $181,669
    Other Assets, Net                              $83,135       $110,847
                                                $2,245,054     $2,357,148
    

    
    Liabilities
    Current Liabilities
      Accounts Payable and Accrued Liabilities  $1,007,481     $1,076,116
      Deferred Revenue                          $1,332,027     $1,305,270
      Due to a Shareholder                        $992,182       $750,144
      Deferred Credits                            $100,235       $107,569
                                                $3,431,925     $3,239,099
    

    
    Shareholders' equity
      Common Stock                             $38,530,441    $38,530,441
      Contributed Surplus                         $305,110       $305,110
      Deficit                                 $(40,022,422)  $(39,717,502)
                                               $(1,186,871)     ($881,951)
                                                $2,245,054     $2,357,148
    



    SAND TECHNOLOGY INC.

    Consolidated Statement of Operations -- (Unaudited)

    IN CANADIAN DOLLARS

    
                                            3 Months Ended   3 Months Ended
                                           October 31, 2007 October 31, 2006
    

    Revenues                                 $1,784,925       $1,470,407

    Operating expenses

    Cost of Sales and Product Support         $(412,164)       $(433,675)

    Research and Development Costs            $(592,497)       $(575,866)

    
    Amortization of capital assets
     and acquired technology                   $(49,069)        $(51,020)
    Selling, general and administrative
     expenses                                 $(993,774)     $(1,246,715)
    

    Total operating expense                 $(2,047,504)     $(2,307,276)

    Operating Income (Loss)                   $(262,579)       $(836,869)

    Interest Income, Net                       $(42,341)            $337

    Net Earnings (Loss)                       $(304,920)       $(836,532)

    Earnings (Loss) per share                    ($0.02)          ($0.06)


    
    Weighted average number of shares
     outstanding                             14,318,189       12,818,189
    




For further information:

For further information: de Jong & Associates, +1-760-943-9065, 
sndt@dejong.org, for SAND Technology Inc. Web Site: http://www.sand.com

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