SAND TECHNOLOGY MAY SELL US UNIT

SAND TECHNOLOGY MAY SELL US UNIT

Sand Technology Systems International announced it has begun preliminary negotiations with Nissei Sangyo involving the possibility of Nissei acquiring Sand's U.S. subsidiary, Sand Technology Systems Inc., the company said.

The company said all discussions are very preliminary and it has not made any decision to dispose of its interest in Sand-USA. There is no agreement on terms and Sand is under no obligation to go further with these negotiations.