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SAND TECHNOLOGY SYSTEMS INTERNATIONAL REPORTS FIRST QUARTER PROFIT

 MONTREAL, Jan. 13 /PRNewswire/ -- Sand Technolgoy Systems International (NASDAQ: SNDCF) today announced a net income for its first fiscal quarter ended Oct. 31, 1992 of $64,290 (Canadian dollars) or $0.01 per share on sales of $5,344,625 as compared to a net income of $723,343 or $0.16 per share on sales of $12,111,784 for the fiscal quarter ended Oct. 31, 1991. Operating profits, however, increased from $448,981 for the first quarter of fiscal 1992 to $572,888 for the first quarter of fiscal 1993.
 The substantial decrease in sales from the corresponding period in fiscal 1992 was due primarily to more evenly distributed quarterly sales to HDS Canada and an overall decrease in sales in the mainframe market generally.
 The company continued to emphasize its ongoing efforts to reduce selling, general and administration expenses.
 Arthur G. Ritchie, president and chief executive officer of Sand noted that while the large swings in sales and earnings on a quarterly basis are typical of the industry, the effects of the recession and the continued discounting by competitors compounded the situation for Sand in the first quarter of fiscal 1993. This effect is offset by the continued profitability of the company'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.
 SAND TECHNOLOGY SYSTEMS INTERNATIONAL INC.
 Consolidated Statement of Operations
 (Unaudited, in Canadian dollars)
 Period ended three months Oct. 31, 1992 Oct. 31, 1991
 Net sales $ 5,344,625 $12,111,784
 Income from
 operations $ 572,888 $ 448,981
 (Loss) income from
 affiliate $ (471,806) $ 241,349
 Net income $ 64,290 $ 723,343
 Net income per share $ 0.01 $ 0.16
 Weighted average
 number of shares
 outstanding 4,432,103 4,429,156
 -0- 1/13/93
 /CONTACT: The vice president of Sand Technology Systems International Inc., 514-939-3477/
 (SNDCF)


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

LD -- NY003 -- 4328 01/13/93 08:00 EST
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Publication:PR Newswire
Date:Jan 13, 1993
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