MONTREAL, Jan. 6 /PRNewswire-FirstCall/ -- SAND Technology(TM) (Nasdaq: SNDT) today announced that Gilles Therrien has joined the firm as Vice President, Finance and Administration, and as Chief Financial Officer. Bernd Beyer, who has relinquished his positions to pursue other interests, will remain with the company in a consulting capacity for an interim period. "I am sorry to be losing Bernd, whose counsel has been very valuable to me," said Arthur Ritchie, SAND's CEO, "however, the company is privileged to attract a new CFO with the abilities and experience that Gilles brings to us, and we are confident he will make a strong contribution to our management team." Gilles Therrien joins SAND with substantial experience in the technology industry. He is former Vice-President, Finance and Administration, of M3i Systems Inc., a software company formerly majority-owned by Hydro-Quebec. After the sale of M3i, Therrien held the position of Treasurer for the purchaser, Cognicase, in addition to his position at M3i. Therrien, a member of the Canadian Institute of Chartered Accountants, served for many years as an Audit Professional with accounting firms, including Deloitte & Touche, following his studies in Management and Public Accountancy at McGill University. About SAND Technology(TM) SAND Technology empowers organizations worldwide with a better understanding of their business by enabling a better understanding of their business data. SAND Analytic Server-based solutions include CRM analytics, web analytics, and other specialized "Business Intelligence" applications for government and security, healthcare, supply chain management, inventory and production optimization, financial analysis, and strategic planning. SAND's Customer Intelligence division, ClarityBlue(TM), is a world leader in the provision of large-scale systems integration solutions for CRM analytics. SAND Technology has offices in the United States, Canada, the United Kingdom and Central Europe, and is traded on NASDAQ under the symbol SNDT. For more information on Sand Technology visit www.sand.com Sand Technology, Nucleus, Nucleus Server, N: VECTOR, Nucleus Exploration Warehouse, Nucleus Exploration Mart, Nucleus Exploration Data Warehouse, Nucleus Octopus and MPSO are registered trademarks and, Nucleus Virtual Database (VDB), Nucleus Powered!, Nucleus E!, Nucleus Adviser, Sand Analytic Server, Sand Analytic Warehouse, Analytics @ the Speed of Business, and ClarityBlue 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 Private Securities Reform Act of 1995 and are intended to be subject to the safe harbour protection provided by this Act. Such forward-looking statements are based on reasonable assumptions and current expectations, but involve known and unknown risks and uncertainties. Some assumptions may not materialize and unanticipated events may occur which could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Competitive pressures, availability and cost competitiveness of competing products, timing of significant orders, management of potential growth, risks of new business areas, international expansion, decreased demand for computer software and services due to weakening economic conditions and market acceptance of the Sand Nucleus Product Suite are important factors which could cause actual results to differ materially from those projected. More information about factors that potentially could affect Sand's financial results is included in Sand's current Annual Report and in Sand's reports to the Securities and Exchange Commission.
SOURCE SAND Technology