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BakBone Announces Q1 Bookings

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


For the first quarter of FY08 ended June 30, 2007, total worldwide bookings were $13.3 million from the sale of software licenses and maintenance contracts representing a 16 percent increase from $11.4 million for the same period in fiscal year 2007 and consistent with bookings of $13.3 million as reported for the fourth quarter FY07.

BakBone's total cash balance at the end of June 2007 was $9.6 million as compared to $11.4 million at the end of March 2007. The reduction in cash reflects expenses related to audit fees which are anticipated to remain significant through the Company's second fiscal quarter, as well as one-time research and development expenses specific to the Sun Microsystems OEM agreement.

"I am pleased to report our strategic partnership with Sun Microsystems is on a positive track," commented Jim Johnson, president and CEO for BakBone Software. "We made key R&D investments in Q1 related to the localization of our software and have expanded our presence with Sun in several European and Asian countries. In addition, we were pleased with the consistent performance this quarter as we historically have a seasonal decline from Q4 to Q1."

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