Bakbone (NASDAQ:BKBOF)
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BakBone Announces Preliminary First Quarter Results
SAN DIEGO, July 8 /PRNewswire-FirstCall/ -- BakBone Software (TSX: BKB; OTC
Bulletin Board: BKBOF), a global provider of data protection software, today
announced it expects revenues for its fiscal first quarter ended June 30, 2004
to be approximately $7.8 million compared to its previous first quarter revenue
guidance of $8.0 million to $8.5 million released in May 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO)
"While we are pleased with the performance and demand for our products in the
Pacific Rim and Europe, Middle East and Africa (EMEA) regions, our preliminary
results in the U.S. disappointingly fell below our expectations," said Keith
Rickard, president and CEO of BakBone Software. "Our anticipated results
reflect primarily softness in U.S. license revenues in the latter part of the
quarter resulting from lower-than-expected sales through our reseller channel.
Despite these challenges, we continue to invest in revenue growth opportunities
such as our recently announced Channel Advantage Program, which reflects our
confidence in our future growth potential."
The Company also reiterated its FY05 guidance of $40.0 million to $42.0 million
in expected revenues with projected earnings of $0.04 to $0.06 per share.
First quarter results are preliminary and subject to the Company's completion
of its customary quarterly closing and required review procedures.
About BakBone Software, Inc.
BakBone Software is a leading international data protection software provider
that develops and distributes data backup, restore, and disaster recovery
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 OEM partners, resellers and solution providers, interested companies can
learn more information about BakBone's products and services at
http://www.bakbone.com/ or email .
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. These statements may include, among others, any statements
regarding financial expectations or projections; any statements regarding
future economic conditions or performance; statements of belief and any
statements of assumptions underlying any of the foregoing. The potential risks
and uncertainties may 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, customer acceptance of the company's products and fee
structures; 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. 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 http://www.sec.gov/, as well as those risk factors disclosed in the
current report filed with the Canadian Securities Administrators, which is
available on SEDAR at http://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.
BakBone, BakBone Software, NetVault, Application Plugin Module, APM 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.
For further information, please contact Karen A. Silva, Director of Investor
Relations of BakBone Software, Inc., +1-858-795-7525, .
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DATASOURCE: BakBone Software, Inc.
CONTACT: Karen A. Silva, Director of Investor Relations of BakBone
Software, Inc., +1-858-795-7525,
Web site: http://www.bakbone.com/