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SAND TECHNOLOGY SYSTEMS INTERNATIONAL REPORTS A THIRD QUARTER PROFIT

 SAND TECHNOLOGY SYSTEMS INTERNATIONAL REPORTS
 A THIRD QUARTER PROFIT
 MONTREAL, June 12 /PRNewswire/ - Sand Technology Systems International (NASDAQ: SNDCF) today announced profits for the third quarter as well as for the nine months of fiscal 1992. The substantial decrease in sales is as a result of more evenly distributed sales throughout the first two quarters of this year through Sand's affiliate HDS Canada. SG&A expenses continue to be reduced primarily as a result of ongoing cost reduction efforts.
 Net income for the third quarter of 1992 was $858,983 as compared to $2,258,428 for the third quarter of fiscal 1991. Net income for the first nine months ended April 30, 1992 was $2,365,022 as compared to $2,999,334 incurred in the first nine months of 1991.
 For the fiscal 1992 third quarter revenues were $7,822,973 from sales of $17,763,423 reported for the fiscal 1991 third quarter. The nine month revenue figure was $29,074,124 compared to revenues of $31,045,890 reported for the first nine months of fiscal 1991.
 The income per share for this fiscal third quarter was $0.19 compared to $0.51 for the fiscal third quarter of 1991. The income per share for the first nine months ended April 30, 1992 was $0.53 per share as compared to $0.67 for the nine months ended April 30, 1991. The large swings in HDS Canada's earnings and sales on a quarterly basis, are typical for this industry. However, at this time the effects of the recession, and discounting by HDS Canada's competitors, which hopefully will be short lived, are exacerbating the situation. This effect is offset somewhat by the return to profitability of the corporation's U.S. subsidiary.
 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. To date Sand and its affiliates have installed equipment valued in excess of $400 million.
 SAND TECHNOLOGY SYSTEMS INTERNATIONAL INC.
 Consolidated Statement of Operations
 (Unaudited)
 In Canadian Dollars
 Three months Nine months Three months Nine months
 (ended Apr. 30) (ended Apr. 30)
 1992 1992 1991 1991
 Sales $ 7,822,973 $29,074,124 $17,763,423 $31,045,890
 Income from
 operations $ 777,000 $ 2,269,815 $ 876,887 $ 1,394,312
 Share of equity
 in affiliate $ 103,061 $ 147,700 $ 1,406,509 $ 1,660,538
 Net income $ 858,983 $ 2,365,022 $ 2,258,428 $ 2,999,334
 Weighted average
 number of shares
 outstanding 4,432,103 4,431,659 4,428,103 4,457,313
 -0- 6/12/92
 /CONTACT: Vice President, Sand Technology Systems International Inc., 514-939-3477/
 (SNDCF) CO: Sand Technology Systems International ST: Quebec IN: CPR SU: ERN


SB -- NY015 -- 9576 06/12/92 09:50 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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