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BakBone Software Announces Unaudited Second Quarter Fiscal Year 2008 Worldwide Bookings and Cash

By: World News

BakBone Software, Incorporated (Pink Sheets:BKBO), a global provider of heterogeneous integrated data protection solutions, reported today its worldwide bookings1 and cash position for its second quarter of fiscal year 2008.

For the second quarter of fiscal year 2008 ended September 30, 2007, total worldwide bookings were $13.5 million from the sale of software licenses and maintenance contracts. This represents a 9.2 percent increase from $12.3 million for the same period in fiscal year 2007, and a slight increase from bookings of $13.3 million as reported for the first quarter of fiscal year 2008.

BakBone's total cash balance at the end of September 2007 was $8.9 million as compared to $9.6 million at the end of June 2007. The reduction in cash is primarily due to audit related costs which are anticipated to remain significant through the Company's fiscal year 2008.

“BakBone's business remains solid. We continued to see a positive response from customers and prospects during the second quarter. We are pleased with the progress of our relationship with Sun and it remains an important component of our distribution strategy,” said Jim Johnson, chief executive officer, BakBone. “The entire organization is focused on driving business momentum while interim CFO, Michael Compton and his team are working diligently to complete the restatements.”

1 Bookings represent the total value of contracts signed or orders received during the period. The revenue associated with bookings will be recognized in accordance with our revenue recognition practices.

About BakBone Software

BakBone Software is a leading international data protection solution provider that develops and distributes heterogeneous data backup, restore, disaster recovery, replication and storage reporting software for network storage and open-systems environments. BakBone delivers scalable solutions that address the complex demands of large enterprise environments, as well as small- to medium-sized businesses. Founded in 2000, BakBone products are used by Fortune 1000 corporations and domestic and international government entities. Distributed through a select global network of strategic partners, resellers and solution providers, interested companies can learn more about BakBone's products and services and its Integrated Data Protection vision at http://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: BakBone’s 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 Company’s 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

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