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Prospector
Profile
208-12
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| SAND Technology, Inc. |
NAICS |
511210 |
| 215 Redfern, Suite 410
Westmount, Quebec, Canada H3Z 3L5 |
Description |
Software Publishers |
| (514) 939-3477 |
Employees |
47 |
| http://www.sand.com/about/index.html |
Revenue |
CDN$(mil) |
6.7280 |
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Income |
CDN$(mil) |
-2.5260 |
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Assets |
CDN$(mil) |
2.3570 |
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Liability |
CDN$(mil) |
3.2390 |
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(for the year ended 2007-07-31) |
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Category:
Audit Concerns
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Event:
Raymond Chabot Grant Thornton LLP cast substantial doubt on SAND Technology, Inc.'s ability to continue as a going concern after auditing its financial statements for the year ended July 31, 2007. SAND Technology reported in its July 31, 2007 balance sheet total assets of CDN$2,357,148, total liabilities of CDN$3,239,099, and total shareholders' deficit of CDN$881,951. For the year ended July 31, 2007, the company generated revenue of CDN$6,728,540 and incurred a net loss of CDN$2,526,524. For the year ended July 31, 2006, the company had revenue of CDN$5,477,485 and incurred a net loss of CDN$3,926,921. The company said that it then may not have sufficient capital to fund its operations.
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Intellectual Property:
The Company currently relies primarily on a combination of copyright and trademark laws, patents, trade secrets, confidentiality procedures and contractual provisions to protect proprietary rights. It seeks to protect software, documentation and other written materials under trade secret and copyright laws, which afford limited protection. The Company currently has 8 United States patents and 32 foreign patents. [SEC Filing 20-F 01-30-08]
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Description:
SAND Technology, Inc. and subsidiaries, including SAND Technology, (USA) Inc., is involved in the design, development, marketing and support of software products and services that enable users to retrieve usable business information from large amounts of data.
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Officers:
Arthur G. Ritchie (Chair & CEO); Gilles Therrien (VP & CFO); Linda Arens (VP); Richard Grondin (VP); Robin Carr (VP)
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Auditor:
Raymond Chabot Grant Thornton LLP
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Securities:
Common Stock-Symbol SNDTF.OB; OTC BB;
13,094,288 common shares outstanding as of July 31, 2007.
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