BakBone Announces Preliminary Bookings of $13.6 Million for Q1 2010.Schedules Earnings Date and Conference Call for Fiscal 1Q 2010 Results; Files 8-K/A with Historical Financial Statements Associated with Recent Acquisition and Pro Forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma Results SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- BakBone Software See OTC Bulletin Board (OTCBB). :BKBO), a leading provider of Universal Data Management solutions, today announced that preliminary bookings* for its fiscal first quarter of 2010, which ended June 30, 2009, totaled $13.6 million. The Company also announced it will release its financial results for its fiscal first quarter of 2010 on August 13, 2009, after the market close and has scheduled a conference call with analysts and investors for 5:00 p.m. ET that day. Details are provided below. Finally, the Company has filed a Form 8-K/A with the Securities and Exchange Commission that includes historical financial results for ColdSpark, a leading provider of enterprise e-mail infrastructure solutions and platforms that the Company acquired on May 13, 2009, as well as a pro forma income statement as if BakBone and ColdSpark had been combined as of April 1, 2008, and other related financial information. "Our bookings for the fiscal first quarter demonstrate that BakBone got off to a good start in our new fiscal year, and we look forward to discussing our results in more detail on August 13th," said Jim Johnson, president and chief executive officer, BakBone. "The historical information for ColdSpark and pro forma financial results provide investors with a baseline for measuring the financial progress we expect over time associated with this important acquisition." Fiscal First Quarter 2010 Conference Call Information A conference call to discuss the fiscal first quarter of 2010 financial results and current business developments has been scheduled for August 13, 2009, at 5:00 p.m. ET. The call will be hosted by Jim Johnson, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BakBone. To access the conference call, please dial 800-854-3238; internationally, dial 706-634-9547 (Pass code: 21817719). An audio replay of the call will be available for seven days following the call at 800-642-1687 for U.S. callers or 706-645-9291 for those calling outside the U.S. The call will also be webcast and can be accessed at www.bakbone.com by clicking on "Company Info" and then "Investor Relations Investor relations The process by which the corporation communicates with its investors. ." The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event. * The Company defines bookings as the gross dollars invoiced through the sale of software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. or technology, maintenance contracts and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . The Company utilizes bookings information as an operations measure, but it is not intended to replace U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). accounting. Under the ratable That which can be appraised, assessed, or adjusted through the application of a formula or percentage. Ratable property is that which is taxable or capable of being appraised or assessed. ratable adj. revenue recognition method, license bookings are recognized as revenue over the appropriate period (generally three to five years). In general, variations in revenues period-over-period are affected by the amortization of current and prior period license bookings. Accordingly, the Company believes that trends in current and historical bookings are key factors in analyzing its operating results. About BakBone Software BakBone Software is a leader in Universal Data Management. This provides a data-centric approach to integrating data protection, centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. policy management and managing organizations' messaging infrastructure to optimize performance, increase data availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. and improve corporate compliance. Learn more about BakBone's Universal Data Management vision at www.bakbone.com or email info@bakbone.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release contains forward-looking statements including, without limitation, statements regarding anticipated bookings, revenue growth and market developments 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 the following: the anticipated benefits of the Company's recent acquisitions will not be achieved; the identified pipeline will not result in anticipated revenues; integrations will take longer, cost more or result in more management distraction than anticipated; deteriorating economic and market conditions could lead to reduced spending on information technology products; risks related to the development, implementation and execution of the Company's Universal Data Management strategic vision; customer acceptance of the Company's existing and newly introduced products and fee structures; and potential product defects. 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 relevant Canadian securities regulators, which is available on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review 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. BakBone[R], BakBone Software[R], BakBone logo[R], and ColdSpark[R] are all trademarks or registered trademarks of BakBone Software, Inc., in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. |
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