BakBone Software Announces Unaudited First Quarter Fiscal Year 2009 Worldwide Bookings and Cash Balance

2008-08-06 15:30:00

BakBone Software Announces Unaudited First Quarter Fiscal Year 2009 Worldwide Bookings and Cash Balance

SAN DIEGO–(EMWNews)–BakBone Software, Incorporated (Pink Sheets:BKBO), a global provider of

heterogeneous integrated data protection solutions, reported today its

worldwide bookings(a) and cash position for its first quarter of fiscal

year 2009.

For the first quarter of fiscal year 2009 ended June 30, 2008, total

worldwide bookings were $14.2 million from the sale of software licenses

and maintenance contracts. This represents a decrease of approximately

21 percent from bookings of $18 million as reported for the fourth

quarter of fiscal year 2008 and approximately a seven percent increase

from $13.3 million for the first quarter in fiscal year 2008.

BakBone’s total cash balance as of June 30, 2008 was $10 million as

compared to $10.1 million as of March 31, 2008.

Although BakBone experienced a sequential

downturn in bookings growth due to typical seasonality, the Company

passed several important milestones during the first quarter of fiscal

2009. We completed six major new products and product updates,

stepped-up marketing and advertising, and developed a significantly

improved channel partner program, said Jim

Johnson, chief executive officer, BakBone. Our

finance and accounting team worked non-stop to bring the filing of our

form 10K for fiscal years 2004, 2005 and 2006 to completion. This is an

important step toward becoming a current filer with the SEC.

(a) Bookings, a non GAAP metric, represent the total value of contracts

signed or orders received during the period. The revenue associated with

bookings will be recognized in accordance with BakBones

revenue recognition practices.

Conference Call Information

The company has scheduled a conference call for today at 2:00 p.m. PDT

to discuss the results. The call will be hosted by Jim Johnson, CEO of

BakBone Software.

This call will be webcast and can be accessed at www.bakbone.com

by clicking on Company Info

and then Investor Relations.

The webcast is also being distributed through the Thomson StreetEvents

Network. Individual investors can listen to the call at www.earnings.com,

Thomsons individual investor portal, powered

by StreetEvents. Institutional investors can access the call via Thomson

StreetEvents (www.streetevents.com),

a password-protected event management site.

About BakBone Software

BakBone is committed to making data protection a simple, straightforward

process while delivering its Integrated Data Protection (IDP) strategy

through an award-winning product suite. This suite provides

unprecedented capabilities not only to protect critical data

but more importantly, to ensure the availability of that data as

well. BakBones products offer a single

point of control for managing resources across all platforms, providing

improved operational efficiency, reduced system downtime, improved

availability and enhanced security to support the business growth of

enterprise environments. Thousands of users worldwide leverage BakBones

IDP approach to simplify the management of multi-platform environments

with a portfolio of backup, disaster recovery, replication and storage

reporting solutions for Linux, Windows, Unix and Mac OS environments.

These scalable data protection solutions address the demands of Global

5000 organizations and are distributed through a worldwide network of

select OEM partners, strategic partners, resellers and solution

providers. BakBone is headquartered in San Diego, Calif. For more

information about BakBone, visit www.bakbone.com

or email info@bakbone.com.

Safe Harbor

This press release contains forward-looking statements that involve

risks, uncertainties, assumptions and other factors, which, if they do

not materialize or prove correct, could cause BakBone’s results to

differ materially from historical results, or those expressed or implied

by such forward-looking statements. The potential risks and

uncertainties may include, but are not limited to: BakBones

ongoing review of its financial statements and efforts to become current

in its reporting with the Securities and Exchange Commission and the

Canadian Securities Administrators; competition in our target markets;

potential capital needs; management of future growth and expansion; the

development, implementation and execution of the Companys

Integrated Data Protection (IDP) strategic vision; risk of third-party

claims of infringement; protection of proprietary information; customer

acceptance of the Company’s existing and newly introduced products and

fee structures; and the success of BakBone’s brand development efforts;

risks associated with strategic alliances; reliance on distribution

channels; product concentration; need to develop new and enhanced

products; potential product defects; our ability to hire and retain

qualified employees and key management personnel; and risks associated

with changes in domestic and international market conditions and the

entry into and development of international markets for the Company’s

products. Our forward-looking statements should be considered in the

context of these and other risk factors disclosed in our most recent

report filed with the Securities and Exchange Commission, which may be

found at www.sec.gov,

as well as those risk factors disclosed in our current report filed with

the Canadian Securities Administrators, which is available on SEDAR at www.sedar.com.

All future written and oral forward-looking statements made by us or on

our behalf are also subject to these factors. BakBone assumes no

obligation to update any forward-looking statement to reflect events or

circumstances arising after the date on which it was made, other than as

required under applicable securities laws.

The common shares of BakBone Software are currently subject to cease

trade orders in the Canadian jurisdictions of Alberta, British Columbia

and Ontario due to delays in the filing of the Company’s financial

statements. Although these cease trade orders do not prevent investors,

who are not resident in or otherwise subject to the laws of Alberta,

British Columbia or Ontario, from trading the common shares of BakBone

on the Pink Sheets in the United States, investors are encouraged to

obtain legal advice to ensure that these trades are not violating the

cease trade orders. BakBone continues to work to resolve all outstanding

issues which have prevented filing of its financial statements, however

an exact date for filing of these financial statements cannot be

determined at this time.

BakBone®, BakBone Software®,

NetVault®, Application Plugin Module,

BakBone logo®, Integrated Data Protection,

Redefining Data Protection, Constant Data,

Constant Data logo, Constant Replicator,

OnDemand Replicator, and Constant HA Cluster,

are all trademarks or registered trademarks of BakBone Software, Inc.,

in the United States and/or in other countries. All other brands,

products or service names are or may be trademarks, registered

trademarks or service marks of, and used to identify, products or

services of their respective owners.

BakBone Corporate Contact:
Jennifer Trager
858-795-7525
jennifer.trager@bakbone.com
or
BakBone

Media Contact:
Amber Winans
858-795-7584
amber.winans@bakbone.com

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