Exhibit 99.1
FINAL
BakBone Corporate Contact
Karen Fisher
858-795-7525
karen.fisher@bakbone.com
BakBone Media Contact
Amber Winans
858-795-7584
amber.winans@bakbone.com
BAKBONE SOFTWARE ANNOUNCES TRANSITION OF DOUG LINDROTH
TO BOARD OF DIRECTORS
San Diego, CA - May 9, 2007 – BakBone Software, Incorporated (PK:BKBO) announced today that the Board of Directors has appointed Doug Lindroth to serve as a member of the Board of the Company. Concurrently, Mr. Lindroth has resigned from his position as chief financial officer.
“We want to thank Doug for his contributions as chief financial officer and look forward to his continued involvement with the Company as a member of the Board,” stated Jim Johnson, president and CEO of BakBone Software. “Doug’s solid business and financial skills have been an invaluable addition to our progress in completing the audit process. His financial acumen and experience as an outside director will be of great benefit as we continue to execute on our strategic vision.”
Doug Lindroth commented, “I look forward to joining the Board of Directors and contributing further to the continued development of BakBone Software. The Company continues to make good progress toward the filing of historic financial statements and I am pleased to have had the opportunity to contribute to this process. It is important that I communicate that my resignation as chief financial officer is entirely for personal reasons.”
The Company has appointed Cliff Flowers as interim chief financial officer. Mr. Flowers, a respected financial executive, has served as chief financial officer for companies such as Financial Profiles, Inc., XIFIN, Inc., and Previo, Inc. Mr. Flowers is a Certified Public Accountant and was formerly an auditor at PricewaterhouseCoopersLLP. During the transition period, Mr. Lindroth will continue with the Company in a consulting role.
About BakBone Software, Inc.
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 information about BakBone’s products and services and its newly introduced IDP vision at www.bakbone.com or emailinfo@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 ability to complete the review of its financial statements, become current in its reporting with the Securities and Exchange Commission and the Canadian Securities Administrators and have its common stock meet the standards for obtaining re-listing on the Toronto Stock Exchange; difficulties that may be encountered in retaining a permanent chief financial officer; and potential disruption that may be caused by the change in financial management. Other risks that BakBone faces in its business include: risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; the 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 BakBone’s products. Such forward-looking statements should be considered in the context of these and other risk factors disclosed in the 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 the most 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 the Company or on its 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, unless required to do so under applicable securities laws.
The common shares of BakBone 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 and the BakBone logo 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.
