SAND Appoints Steve Dennison as Director; Transportation Executive Brings Corporate Finance Focus to Board
MONTREAL, Jan. 6 /PRNewswire-FirstCall/ -- SAND Technology(TM) (Nasdaq: SNDT) today announced that Steve Dennison, the Commercial Director of transportation and logistics giant Lynx Express has joined the Company's Board of Directors. Dennison, who will also be a member of the audit committee, has a diverse background in corporate finance and will add an additional strength to Company governance. "The Board and I are very excited to have Steve join us in this capacity," said Arthur Ritchie, SAND's CEO and Chairman of the Board. "Not only is he a very experienced business man whose insight will be an invaluable asset, Lynx Express is an active user of SAND products so he can contribute first hand a customer perspective to board decisions. As a citizen of the European Economic Community his appointment reflects the international flavor of our business." Steve Dennison has been Commercial Director of one of the UK's largest transportation companies since 1999 when he wrapped up a four year period as Finance Director and Corporate Secretary for Red Star Parcels Limited. From 1988 to 1993 Dennison, who is a Qualified Chartered Accountant, was with KPMG most recently as Corporate Finance Manager. He holds a Bsc (Hons) in Management Science from University of Manchester. 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 http://www.sand.com . All Rights Reserved. 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.RELATED LINKS
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