Steve Martin Named Interim CEO; Company Expects Fiscal Fourth Quarter Bookings to be Within Guidance

BakBone Software, Incorporated (OTC Bulletin Board: BKBO), a leading provider of Universal Data Management solutions, today announced the Board of Directors has initiated a leadership transition program under which Steve Martin has been appointed to the additional responsibilities of Interim Chief Executive Officer effective immediately. Mr. Martin, who joined BakBone in August of 2008, will remain the Company's CFO and succeed James R. Johnson, who has ceased to be the Company's President and CEO and has resigned as a member of the Company's Board effective immediately. The Board has also retained an executive search firm to initiate a search for a new President and CEO.

In addition, BakBone Software reported today that bookings for the fiscal fourth quarter ended March 31, 2010 are currently expected to be approximately $14.1 million, which would enable the Company to achieve full fiscal year bookings within the lower end of guidance of $56.5 million to $57.5 million. The Company currently has approximately $4.8 million in cash and $10.7 million in receivables as of March 31, 2010. In addition, the Company reported today that it expects to exercise its right to limit the cash component of its June 2010 obligations to Coldspark shareholders under the acquisition agreement of May 2009 to approximately $810,000. The Company intends to report fiscal fourth quarter and full year results in early June.