SAND Announces Third Quarter Results



    MONTREAL, June 29 /CNW/ -- SAND Technology Inc. (OTC Bulletin Board:  
SNDTF), an international provider of intelligent enterprise information
management software, today reported results for the nine-month period ended
April 30, 2007. The Company reported a loss for the first three quarters of
fiscal year 2007 of $2,079,067, or ($0.16) per share on revenues of
$4,891,472. In comparison with the first three quarters of fiscal year 2006,
revenues have increased by over 13% and the operating loss has decreased by
24%.
    "We are pleased in the improvement of our net results over the same
period last year," said Arthur Ritchie, President and Chief Executive Officer
of SAND. "Although we were expecting stronger revenues, we remain encouraged
by 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.  "In addition we
have realized an increase in partner interest and participation, along with
several speaking opportunities and articles to be published in the foreseeable
future," said 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 CRM analytics, and specialized applications
for government, healthcare, financial services, telecommunications, retail,
transportation, and other business sectors. SAND/DNA nearline solutions for
SAP NetWeaver BI have achieved "Certified for NetWeaver" and "Powered by
NetWeaver" status.
    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
                                          Apr. 30, 2007         July 31, 2006
    Assets
    Current Assets
      Cash and cash equivalents              $1,052,582            $1,412,548
      Accounts Receivable, Net                 $862,979            $1,486,287
      Prepaid Expenses                         $173,974               $93,226
                                             $2,089,535            $2,992,061
    

    
    Capital Assets, Net                        $199,437              $231,367
    Other Assets, Net                          $138,559              $221,693
                                             $2,427,531            $3,445,121
    

    
    Liabilities
    Current Liabilities
      Accounts Payable and Accrued
       Liabilities                             $940,723              $710,882
      Deferred Revenue                       $1,306,282            $1,231,094
      Due to Shareholder                     $1,207,911              $429,461
      Deferred Credits                         $114,904              $136,906
                                             $3,569,820            $2,508,343
    

    
    Shareholders' Deficiency
      Common Stock                          $38,024,756           $38,024,756
      Contributed Surplus                      $103,000              $103,000
      Deficit                              $(39,270,045)         $(37,190,978)
                                            ($1,142,289)             $936,778
                                             $2,427,531            $3,445,121
    



    SAND TECHNOLOGY INC.

    
    Consolidated Statement of Operations
    (Unaudited)
    

    IN CANADIAN DOLLARS

    
                      3 Months       3 Months      9 Months        9 Months
                       Ended          Ended         Ended            Ended
                  Apr. 30, 2007   Apr. 30, 2006  Apr. 30, 2007   Apr. 30, 2006
    

    Revenues         $1,559,407     $1,559,307     $4,891,472      $4,330,833

    
    Operating
     expenses
    Cost of Sales
     and Product
     Support          $(398,322)     $(486,258)   $(1,298,312)    $(1,155,066)
    Research and
     Development
     Costs
           $(598,337)     $(517,598)   $(1,758,289)    $(1,780,439)
    Amortization of
     capital assets
     and acquired
     technology        $(49,296)      $(56,350)     $(151,165)      $(196,235)
    Selling, general
     and
     administrative
     expenses       $(1,227,570)   $(1,382,098)   $(3,722,920)    $(3,975,418)
    

    
    Total operating
     expense        $(2,273,525)   $(2,442,304)   $(6,930,686)    $(7,107,158)
    

    
    Operating
     Income (Loss)    $(714,118)     $(882,997)   $(2,039,214)    $(2,776,325)
    

    
    Interest
     Income, Net       $(39,322)       $14,471       $(39,853)        $50,925
    

    
    Net Earnings
     (Loss)           $(753,440)     $(868,526)   $(2,079,067)    $(2,725,400)
    

    
    Earnings (Loss)
     per share           ($0.06)        ($0.07)        ($0.16)         ($0.21)
    

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