SAND Announces First Semester Results



    MONTREAL, March 15 /CNW/ -- SAND Technology Inc. (OTC Bulletin Board:  
SNDTF), an international provider of intelligence enterprise information
management solutions, today reported results for the six-month period ended
January 31, 2007. The Company reported a loss for the first semester of fiscal
year 2007 of $1,325,096, or ($0.10) per share on revenues of $3,332,065. In
comparison with the first semester of fiscal year 2006, revenues have
increased by over 20% and the operating loss has decreased by over 30%.
    "We are encouraged by the revenue growth over the past quarters," said
Arthur Ritchie, President and Chief Executive Officer of SAND. "Since the
fourth quarter of last year, revenues have grown over 30% per quarter. This
gives us some indication on the level of interest and the pipeline for our
SAND/DNA products in general and our new SAND/DNA for SAP BI offering," added
Ritchie.

    
    About SAND Technology
    
    SAND is an international provider of intelligent information management
software. The SAND/DNA product suite scales to help any size enterprise cope
with exploding data requirements, now and into the future. SAND/DNA Access
allows for retaining all potentially relevant data in a tiny footprint while
providing instant access to just what's required. SAND/DNA Analytics allows
for complex what-if analysis to meet any planned and unplanned business need.
Sharing SAND's patented "ask-anything" DNA, together they provide a just-in-
time approach to data management with unparalleled productivity and cost-
effectiveness.
    SAND/DNA solutions include SAP-certified information management, CRM
analytics, and specialized applications for government, healthcare, financial
services, telecommunications, retail, transportation, and other business
sectors.  SAND Technology has offices in the United States, Canada, the United
Kingdom and Central Europe.

    SAND Technology and Nucleus are registered trademarks, and SAND,
SAND/DNA, SAND/DNA Access, SAND/DNA Analytics, SAND Dynamic Nearline Access,
SAND Dynamic Nearline Analytics, SAND Dynamic Nearline  Architecture, SAND
Searchable Archive, SAND Analytic Server, and other SAND- and Nucleus-related
terms are trademarks of SAND Technology Inc. Other trademarks remain the
property of their respective owners. All other product and service names
mentioned are the trademarks of their respective companies.

    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
                                              Jan. 31, 2007    July 31, 2006

    Assets
    Current Assets
        Cash and cash equivalents                $348,997         $1,412,548
        Accounts Receivable, Net               $2,222,419         $1,486,287
        Prepaid Expenses                         $220,742            $93,226
                                               $2,792,158         $2,992,061

    Capital Assets, Net                          $209,354           $231,367
    Other Assets, Net                            $166,271           $221,693
                                               $3,167,783         $3,445,121

    Liabilities
    Current Liabilities
        Accounts Payable and
         Accrued Liabilities                   $1,053,532           $710,882
        Deferred Revenue                       $1,350,251         $1,231,094
        Due to a Shareholder                   $1,030,611           $429,461
        Deferred Credits                         $122,238           $136,906
                                               $3,556,632         $2,508,343

    Shareholders' equity
        Common Stock                          $38,024,756        $38,024,756
        Contributed Surplus                      $103,000           $103,000
        Deficit                              $(38,516,605)      $(37,190,978)
                                                $(388,849)          $936,778
                                               $3,167,783         $3,445,121



                             SAND TECHNOLOGY INC.

    Consolidated Statement of Operations -- January 31, 2007 (Unaudited)

                             IN CANADIAN DOLLARS

                                      3 Months       3 Months      6 Months
                                       Ended          Ended         Ended
                                     October 31,    January 31,   January 31,
                                        2006           2007          2007

    Revenues                         $1,470,407     $1,861,658    $3,332,065

    Operating expenses

    Cost of Sales and Product
     Support                          $(433,675)     $(466,315)    $(899,990)

    Research and Development
     Costs                            $(575,866)     $(584,086)  $(1,159,952)

    Amortization of capital
     assets and acquired
     technology                        $(51,020)      $(50,849)    $(101,869)

    Selling, general and
     administrative expenses        $(1,246,715)   $(1,248,635)  $(2,495,350)

    Total operating expense         $(2,307,276)   $(2,349,885)  $(4,657,161)

    Operating Income (Loss)           $(836,869)     $(488,227)  $(1,325,096)

    Interest Income, Net                   $337          $(868)        $(531)

    Net Earnings (Loss)               $(836,532)     $(489,095)  $(1,325,627)

    Earnings (Loss) per share            ($0.06)        ($0.04)       ($0.10)


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



                             SAND TECHNOLOGY INC.

    Consolidated Statement of Operations -- January 31, 2006 (Unaudited)

                             IN CANADIAN DOLLARS

                                      3 Months     3 Months        6 Months
                                        Ended        Ended          Ended
                                      October 31,  January 31,    January 31,
                                         2005         2006           2006

    Revenues                          $1,531,041   $1,240,485     $2,771,526

    Operating expenses

    Cost of Sales and Product
     Support                           $(331,707)   $(337,101)     $(668,808)

    Research and Development
     Costs                             $(643,112)   $(619,729)   $(1,262,841)

    Amortization of capital
     assets and acquired
     technology                         $(71,321)    $(68,564)     $(139,885)

    Selling, general and
     administrative expenses         $(1,303,720)  $(1,289,600)  $(2,593,320)

    Total operating expense          $(2,349,860) $(2,314,994)    $(4,664,854)

    Operating Income (Loss)            $(818,819) $(1,074,509)   $(1,893,328)

    Interest Income, Net                 $19,758      $16,696        $36,454

    Net Earnings (Loss)                $(799,061) $(1,057,813)   $(1,856,874)

    Earnings (Loss) per share             ($0.06)      ($0.08)        ($0.14)


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

    




For further information:

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

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