SAND Announces Year-End Results



    MONTREAL, Dec. 18 /CNW/ -- SAND Technology Inc. (OTC Bulletin Board:  
SNDTF), an innovator in analytic application infrastructure, today reported a
loss for the year ended July 31, 2007 of $2,526,524 ($0.19 per share), an
improvement of 36% against a loss of $3,926,921 for the same period last year
($0.31 per share). For the quarter ended July 31, 2007, the net loss amounted
to $447,457 ($0.03 per share) against a loss of $1,201,521 in the fourth
quarter of last year ($0.10 per share). All figures are in Canadian dollars.
    "Although our net loss has been cut by more than 35% 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 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
    (Audited)
    

    IN CANADIAN DOLLARS

    
                                             As at              As at
                                         July 31, 2007     July 31, 2006
    Assets
    Current Assets
      Cash and cash equivalents            $330,711          $1,412,548
      Accounts Receivable, Net           $1,582,957          $1,486,287
      Prepaid Expenses                     $150,964             $93,226
                                         $2,064,632          $2,992,061
    

    
    Capital Assets, Net                    $181,669            $231,367
    Other Assets, Net                      $110,847            $221,693
                                         $2,357,148          $3,445,121
    

    
    Liabilities
    Current Liabilities
      Accounts Payable and Accrued
       Liabilities                       $1,076,116            $710,882
      Deferred Revenue                   $1,305,270          $1,231,094
      Due to a Shareholder                 $750,144            $429,461
                                         $3,131,530          $2,371,437
      Deferred Credits                     $107,569            $136,906
                                         $3,239,099          $2,508,343
    

    
    Shareholders' equity
      Common Stock                      $38,530,441         $38,024,756
      Contributed Surplus                  $305,110            $103,000
      Deficit                          $(39,717,502)       $(37,190,978)
                                          $(881,951)           $936,778
                                         $2,357,148          $3,445,121
    



    SAND TECHNOLOGY INC.

    
    Consolidated Statement of Operations
    (Audited)
    

    IN CANADIAN DOLLARS

    
                      3 Months       12 Months      3 Months      12 Months
                   Ended July 31, Ended July 31, Ended July 31, Ended July 31,
                        2007           2007          2006           2006
    

    Revenues         $1,837,068     $6,728,540    $1,146,652     $5,477,485

    
    Operating expenses
    Cost of Sales and
     Product Support  $(368,019)   $(1,666,331)    $(399,247)   $(1,554,313)
    Research and
      Development
      Costs           $(456,857)   $(2,215,146)    $(661,511)   $(2,441,950)
    Amortization
     of capital
     assets and
     acquired
     technology        $(50,109)     $(201,274)     $(52,220)     $(248,455)
    Selling,
     general and
     administrative
     expenses       $(1,377,137)   $(5,100,057)  $(1,245,025)   $(5,220,443)
    

    
    Total
    operating
    expense         $(2,252,122)   $(9,182,808)  $(2,358,003)   $(9,465,161)
    

    
    Operating
     Income (Loss)    $(415,054)   $(2,454,268)  $(1,211,351)   $(3,987,676)
    

    
    Interest
     Income, Net       $(32,403)      $(72,256)       $9,830        $60,755
    

    
    Net Earnings
     (Loss)           $(447,457)   $(2,526,524)  $(1,201,521)   $(3,926,921)
    

    
    Earnings (Loss)
     per share           ($0.03)        ($0.19)       ($0.10)        ($0.31)
    

    
    Weighted
     average number
     of shares
     outstanding     13,094,288     13,094,288    12,818,189     12,818,189
    




For further information:

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

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