$18 Million Bookings for BakBone in 4FQ08

BakBone Software, Incorporated reported  its worldwide bookings (a) and cash position for its fourth quarter of fiscal year 2008.

For the fourth quarter of fiscal year 2008, which ended March 31, 2008, total worldwide bookings were $18 million from the sale of software licenses and maintenance contracts. This represents an increase of approximately 15 percent from bookings of $15.7 million, as reported for the third quarter of fiscal year 2008, and approximately a 35 percent increase from $13.3 million for the fourth quarter in fiscal year 2007. Total worldwide bookings for the full fiscal year 2008 were $60.4 million, an increase of approximately 11% from bookings of $54.3 million for fiscal year 2007.

BakBone’s total cash balance as of March 31, 2008, was $10.1 million as compared to $8.3 million as of December 31, 2007. The increase in cash is primarily due to an increase in the Company’s bookings and collection initiatives.

"I am pleased to report that BakBone reported record bookings in fiscal 2008. This growth is a testament to our strong pipeline worldwide and our ability to win new license deals," said Jim Johnson, chief executive officer, BakBone. "As we move into the new fiscal year our business remains solid and we look forward to further expanding the reach of BakBone’s technologies across new applications."

(a) Bookings, a non GAAP metric, represent the total value of contracts signed or orders received during the period. The revenue associated with bookings will be recognized in accordance with BakBone’s revenue recognition practices.