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SAND SIGNS KOREAN DISTRIBUTOR

SAND Technology Inc, a leading supplier of high performance analytic application infrastructure, announced that it had entered into an agreement with TOPEND Technology Inc of Seoul Korea which will allow TOPEND to resell the SAND Analytic Server and other SAND products in Korea and other Asian markets. TOPEND is a leading supplier of innovative IT solutions to the Insurance and Financial Services industry. The initial term of the agreement is five years.

"We are very honoured to have a company with the stature of TOPEND as our first partner in the Pacific Rim," said SAND CEO Arthur Ritchie. "They have demonstrated to us a great knowledge of their local markets and of the critical business applications that drive efficiency in the Insurance industry. They are also very knowledgeable about competitive products and researched their choice of SAND extensively. We look forward to a long and profitable relationship."

"The SAND Analytic Server is the most dynamic, scalable open systems platform we have encountered for building high performance analytic applications," added Dong-Won Shin, CEO of TOPEND. "We believe it is the ideal solution to empower our growing practice in specialized business solutions for Financial Services and other key growth sectors in Korea. SAND has proven to be a good partner through the negotiation of this agreement and the initial training of our staff in their products and we are very positive about our ability to do significant amounts of business together."