BakBone Software Enters Into OEM Agreement With Sony Electronics Inc.

Business Editors and High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Jan. 23, 2003

BakBone Software(TM) (OTCBB:BKBOF)(TSX:BKB), today announced that it has entered into an OEM agreement with Sony Electronics Inc. to provide customers with turnkey storage solutions designed for faster and more reliable network file sharing and backup and recovery services.

Recently, orders valued at approximately US$3.5 million have been received from Sony Electronics and the majority of this amount is expected to be recognized as revenue over the next three quarters.

BakBone will provide NetVault(TM) management software for Sony's StorStation(TM) bundled storage solution to enable customers to share and retrieve files on the network, automatically archive files from disk to tape, backup and restore networked files, and centrally manage all functions.

"By configuring a complete network and backup storage system for customers, we're equipping them with a one-stop means to achieve their online and backup storage goals with little hands-on management," said Steve Baker, vice president of Tape Storage Solutions for Sony Electronics' Business Systems and Solutions Company.

"Our combined solution had to deliver compelling ease of use, deployment, and scalability -- just some of the features associated with our NetVault product. In addition, our architecture enables us to support more infrastructure permutations than any other vendor today. The speed with which we can add new adaptations protects Sony customer investments as their business requirements evolve. We're delighted with our Sony relationship and its common values," said Keith Rickard, president and CEO for BakBone Software.

About NetVault

NetVault is BakBone's answer to the demand for easy to use, fully functional, high-performance, scalable backup and recovery storage management software. From workgroup, to data center, to the enterprise; from LAN, SAN and NAS -- NetVault's unique modular architecture and flexibility provides the most advanced backup and restore functionality to protect your most valuable asset -- information.

About BakBone Software Inc.

BakBone Software is an international storage management software company that develops and globally distributes high-performance software solutions to the network storage and open systems markets. BakBone's backup and restore software provides scalable data protection from the workgroup to the enterprise. Founded in 2000, BakBone Software's products are used by companies worldwide, and are distributed through a network of OEMs and solution providers.

BakBone's corporate headquarters is located at 10145 Pacific Heights Boulevard, San Diego, Calif. 92121. Its stock is listed on the Toronto Stock Exchange. For more information on BakBone products, call 866/484-2663, e-mail [e-mail], or access BakBone's Web site at www.bakbone.com.

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.

Safe Harbor 

With the exception of historical information, the statements set forth above include forward looking statements (including but not limited to express or implied statements concerning BakBone's expected revenue recognition and future sales under the OEM agreement) that involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: competition in our target markets; potential capital needs; management of future growth and expansion; risk of third party claims of infringement; protection of proprietary information; risks associated with strategic alliances; reliance on distribution channels; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel.

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 Canadian Securities Administrators, which is available on the SEDAR disclosure system at www.sedar.com and/or those risk factors disclosed in the current report filed with the United States Securities and Exchange Commission which may be found at www.sec.gov/edgar.

All future written and oral forward-looking statements made by us or on our behalf are also subject to these factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.