SAND Announces Year-End Results



    MONTREAL, March 15 /CNW/ -- SAND Technology Inc. (OTC Bulletin Board:  
SNDTF), an international provider of intelligent enterprise information
management solutions, today reported a loss for the year ended July 31, 2006
of $3,926,971 ($0.31 per share), a decrease of 47% against a loss of
$7,363,054 for the same period last year ($0.57 per share). For the quarter
ended July 31, 2006, the net loss amounted to $1,201,521 ($0.09 per share)
against a loss of $2,225,178 in the fourth quarter of last year ($0.17 per
share). All figures are in Canadian dollars.
    "Although our net loss has been almost cut in half over last year," notes
Arthur Ritchie, President and Chief Executive Officer of SAND, "we have not
yet achieved the results we are expecting for our shareholders. We remain
strongly encouraged by the level of interest and 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
    (audited)

                                                     IN CANADIAN DOLLARS

                                                    As at          As at
                                                July 31, 2006  July 31, 2005
    Assets
    Current Assets
      Cash and cash equivalents                   $1,412,548     $5,615,912
      Accounts Receivable, Net                    $1,486,287     $1,561,613
      Prepaid Expenses                               $93,226       $127,731
                                                  $2,992,061     $7,305,256

    Capital Assets, Net                             $231,367       $296,735
    Other Assets, Net                               $221,693       $332,540
                                                  $3,445,121     $7,934,531

    Liabilities
    Current Liabilities
      Accounts Payable and Accrued Liabilities    $1,140,343     $1,485,597
      Deferred Revenue                            $1,231,094     $1,447,992
      Deferred Credits                              $136,906       $166,243
                                                  $2,508,343     $3,099,832

    Shareholders' equity
      Common Stock                               $38,024,756    $38,024,756
      Contributed Surplus                           $103,000        $74,000
      Deficit                                   $(37,190,978)  $(33,264,057)
                                                    $936,778     $4,834,699
                                                  $3,445,121     $7,934,531


                               SAND TECHNOLOGY INC.

    Consolidated Statement of Operations
    (audited)

                                       IN CANADIAN DOLLARS

                         3 Months     12 Months    3 Months     12 Months
                           Ended        Ended       Ended         Ended
                          July 31,     July 31,    July 31,      July 31,
                            2006         2006        2005         2005

    Revenues            $1,146,652   $5,477,485   $1,065,192   $6,096,033

    Operating expenses
    Cost of Sales
     and Product
     Support             $(399,247) $(1,554,313)   $(425,678) $(1,754,138)
    Research and
     Development
     Costs               $(661,511) $(2,441,950)   $(798,128) $(3,272,102)
    Amortization of
     capital assets
    and acquired
     technology           $(52,220)   $(248,455)    $(69,990)   $(277,276)

    Selling, general and
     administrative
     expenses          $(1,245,025) $(5,220,443) $(2,026,905) $(8,317,831)

    Total operating
     expense           $(2,358,003) $(9,465,161) $(3,320,701)$(13,621,347)

    Operating Income
     (Loss)            $(1,211,351) $(3,987,676) $(2,255,509) $(7,525,314)

    Interest Income, Net    $9,830      $60,755      $30,331     $162,260

    Net Earnings
     (Loss)            $(1,201,521) $(3,926,921) $(2,225,178) $(7,363,054)

    Earnings (Loss)
     per share              ($0.09)      ($0.31)      ($0.17)      ($0.57)

    Weighted average
     number of shares
     outstanding        12,818,189   12,818,189   12,860,438   12,860,438

    




For further information:

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

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