Bakbone (NASDAQ:BKBOF)
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BakBone Software Announces End of Relationship With KPMG LLP
SAN DIEGO, Oct. 12 /PRNewswire-FirstCall/ -- BakBone Software (TSX: BKB; OTC
Bulletin Board: BKBOF), a global provider of data protection software, today
announced that KPMG LLP has resigned as the Company's independent auditor
providing no explanation for the resignation. The Company's Audit Committee is
in advanced discussions toward the selection of a new independent auditor, and
once the selection is final, will commit all resources to finalizing the review
of its second quarter fiscal 2005 financial and operational results and
subsequent filing of its Form 10-Q for the quarter ended September 30, 2004 in
as timely manner as possible.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO)
The reports of KPMG on the Company's financial statements for the fiscal years
ended March 31, 2004 and 2003 did not contain any adverse opinion or disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope
or accounting principles. KPMG's report on the Company's fiscal 2004 and 2003
consolidated financial statements contained an explanatory paragraph indicating
that the Company had restated its financial statements for such periods.
Additional information will be provided in the Company's Form 8-K filing to be
made with the Securities and Exchange Commission today.
About BakBone Software, Inc.
BakBone Software (OTC Bulletin Board: BKBOF; TSX: BKB) is a leading
international data protection solution provider that develops and distributes
data backup, restore, and disaster recovery software for network storage and
open-systems environments worldwide. BakBone delivers scalable solutions that
address the complex demands of large enterprise environments, as well as small
to medium size 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 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 those
expressed or implied by such forward-looking statements. These statements
include, among others, any statements, express or implied, regarding the status
or anticipated success of our efforts to engage a new independent audit firm in
a timely manner. The potential risks and uncertainties may include, but are
not limited to, the timing of the client acceptance process by audit firms, the
availability of qualified audit firms and their ability to complete the review
of our interim financial results on a timely basis. 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.
For more information please contact:
Corporate Contact:
Karen Silva
Director of Investor Relations
BakBone Software, Inc.
858-795-7525
http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO
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DATASOURCE: BakBone Software
CONTACT: Karen Silva, Director of Investor Relations of BakBone
Software, Inc., +1-858-795-7525,
Web site: http://www.bakbone.com/