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SAND TECHNOLOGY SYSTEMS INT'L REPORTS A THIRD QUARTER LOSS

 MONTREAL, June 4 /PRNewswire/ -- Sand Technology Systems International (NASDAQ: SNDCF) today announced a net loss of $155,178 or $0.04 per share for its third quarter of fiscal quarter ended April 30, 1993 on sales of $4,643,001 as compared to a net income of $858,983 or $0.19 per share on sales of $7,822,973 for the fiscal quarter ended April 30, 1992. Sales for the nine months ended April 30, 1993 were $14,978,801 as compared to $29,074,124 for the nine months ended April 30, 1992.
 While prolonged recessionary conditions in Canada appear to have made customers increasingly wary of making capital expenditures, lower levels of business activity in the markets served by the company intensified competition and put pressure on prices and profit margins. As a result, revenues declined and earnings were down sharply during the third quarter.
 Selling, general and administration expenses rose during the third quarter of fiscal 1993 to $702,733 up from $597,940 in the third quarter of fiscal 1992, due mainly to a restructuring of the workforce at the company's United States subsidiary.
 Arthur G. Ritchie, president and chief executive officer of Sand, stated that a variety of product introductions and improvements made by its affiliate, Hitachi Data Systems Inc., during the third quarter will serve to strengthen the competitive position of the company. "New roles and new business opportunities are emerging from the reshaping of the worldwide computer industry," he emphasized. He added further that Sand Technology Systems International is actively involved in research and development work which could lead to innovative products and advanced technologies, and eventually to the creation of new and profitable businesses.
 Sand Technology Systems International markets complete large-scale IBM compatible computer systems and sophisticated information systems products in Canada and computer printers in the U.S.A.
 SAND TECHNOLOGY SYSTEMS INTERNATIONAL INC.
 Consolidated Statement of Operations
 (Unaudited, in Canadian dollars)
 Periods ended 3 months 9 months 3 months 9 months
 April 30 1993 1993 1992 1992
 Sales $ 4,643,001 $14,978,801 $ 7,822,973 $29,074,124
 Income from
 operations $ 292,580 $ 1,186,244 $ 777,000 $ 2,269,815
 Share of
 equity in
 affiliate $ (446,742) $(1,120,904) $ 103,061 $ 147,700
 Net income $ (155,178) $ 17,013 $ 858,983 $ 2,365,022
 Weighted average
 number of shares
 outstanding 4,432,103 4,432,103 4,432,103 4,431,659
 -0- 6/4/93
 /CONTACT: Vice President of Sand Technology Systems International Inc., 514-939-3477/
 (SNDCF)


CO: Sand Technology Systems International ST: Quebec IN: CPR SU: ERN

TM -- NY005 -- 5300 06/04/93 08:01 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
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