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Article Excerpt
M2 PRESSWIRE-31 December 2008-Stockguru.com: Stocks to Watch for December 31, 2008 - SNDTF, IPWG, ISCO, LTLB, SRCO, and AIDO(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:31122008
Our Stocks to Watch today include : SAND Technology Inc. (OTCBB: SNDTF), International Power Group Ltd. (OTCBB: IPWG), International Stem Cell Corporation (OTCBB: ISCO), Little Bank Inc. (OTCBB: LTLB), Sparta Commercial Services Inc. (OTCBB: SRCO), and Advanced ID Corp (OTCBB: AIDO)
Visit: http://www.stockguru.com to register for our daily Stocks to Watch and Trade Alerts.
SAND Technology Inc. (OTCBB: SNDTF) Shares traded up 2.63% at $0.39
SAND Technology provides Data Management Software and Best Practices for storing, accessing, and analyzing large amounts of data on-demand while lowering TCO, leveraging existing infrastructure and improving operational performance.
SNDTF News Yesterday, SAND Technology reported a loss for the three-month period ended October 31, 2008. The Company reported a net loss for the first quarter of fiscal year 2009 of $989,850 on revenues of $1,223,928 compared with a net loss of $304,920 on revenues of $1,784,925 for the first quarter of fiscal year 2008. All figures are in Canadian dollars. "Our first quarter in fiscal 2009 has been a disappointing quarter for us," notes Arthur Ritchie, President and Chief Executive Officer of SAND. "Given the current global financial crisis, the environment is more challenging than we previously anticipated and customers have adopted a more cautious attitude to spending by decreasing and/or delaying the placing of orders and conserving their cash. While we are concerned about the uncertainties in the macro-environment, we believe that the value of SAND/DNA products as an enabling technology that increases efficiency and saves costs will remain intact over the long-term. These strengths may prove to be real opportunities in a time when budgets are being cut. Despite the macro factors affecting our business, we continue to make positive strides...
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