SAND Appoints Gilles Therrien CFO; Former Cognicase Treasurer Adds to SAND's Executive Strength

Jan 06, 2003, 00:00 ET from SAND Technology

    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
     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
     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
     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

SOURCE SAND Technology