BakBone Software, Incorporated
(Pink Sheets: BKBO), a global provider of heterogeneous integrated data
protection solutions, announced today the appointment of Steve Martin to
the position of Senior Vice President and Chief Financial Officer,
effective immediately. Martin is a senior finance professional with more
than 25 years experience in both public accounting and private industry
and most recently served as the acting Chief Accounting Officer for Leap
Wireless in San Diego, Calif.
“Steve is an experienced CFO with an
impressive background of working with public companies, and we are
excited to have him join our team,” said Jim
Johnson, CEO, BakBone, “As BakBone focuses on
creating shareholder value, Steve will provide strategic and functional
leadership for the next phase of BakBone’s
growth.”
Prior to his role at Leap Wireless, Martin was vice president and chief
financial officer of Stratagene Corporation until the Company was
acquired in 2007. Previously, Martin served as controller at Gen-Probe
Incorporated, as vice president of Finance at Nuera Communications,
Inc., as vice president, controller at Aldila Golf Corp. and as a senior
audit manager at Deloitte & Touche. He is a certified public accountant
and holds a bachelor's of science degree in accounting from San Diego
State University.
Martin will be taking over from Michael Compton who has served as
interim CFO since September 2007. “Mike
provided leadership during a challenging time, and we are very grateful
for Mike's dedication and service over the past year. Under Mike’s
guidance, BakBone has passed a critical milestone as the Company moves
toward its goal of becoming a current filer with the SEC. I am very
pleased that Mike will continue working with BakBone as an important
member of the finance team. He will continue as a consultant to aid in
the CFO transition as well as contribute to the design and
implementation of ongoing improvements to our financial reporting and
systems,” said Johnson.
About BakBone Software
BakBone is committed to making data protection a simple, straightforward
process while delivering its Integrated Data Protection (IDP) strategy
through an award-winning product suite. This suite provides
unprecedented capabilities not only to protect critical data –
but more importantly, to ensure the availability of that data as
well. BakBone’s products offer a single
point of control for managing resources across all platforms, providing
improved operational efficiency, reduced system downtime, improved
availability and enhanced security to support the business growth of
enterprise environments. Thousands of users worldwide leverage BakBone’s
IDP approach to simplify the management of multi-platform environments
with a portfolio of backup, disaster recovery, replication and storage
reporting solutions for Linux, reported today Windows, Unix and Mac OS
environments. These scalable data protection solutions address the
demands of Global 5000 organizations and are distributed through a
worldwide network of select OEM partners, strategic partners, resellers
and solution providers. BakBone is headquartered in San Diego, Calif.
For more information about BakBone, visit www.bakbone.com
or email info@bakbone.com.
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. The potential risks and
uncertainties may include, but are not limited to: BakBone’s
ongoing review of its financial statements and efforts to become current
in its reporting with the Securities and Exchange Commission and the
Canadian Securities Administrators; competition in our target markets;
potential capital needs; management of future growth and expansion; the
development, implementation and execution of the Company’s
Integrated Data Protection (IDP) strategic vision; risk of third-party
claims of infringement; protection of proprietary information; customer
acceptance of the Company's existing and newly introduced products and
fee structures; and 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 www.sec.gov,
as well as those risk factors disclosed in our current report filed with
the Canadian Securities Administrators, which is available on SEDAR at 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, other than as
required under applicable securities laws.
The common shares of BakBone Software are currently subject to cease
trade orders in the Canadian jurisdictions of Alberta, British Columbia
and Ontario due to delays in the filing of the Company's financial
statements. Although these cease trade orders do not prevent investors,
who are not resident in or otherwise subject to the laws of Alberta,
British Columbia or Ontario, from trading the common shares of BakBone
on the Pink Sheets in the United States, investors are encouraged to
obtain legal advice to ensure that these trades are not violating the
cease trade orders. BakBone continues to work to resolve all outstanding
issues which have prevented filing of its financial statements, however
an exact date for filing of these financial statements cannot be
determined at this time.
BakBone®, BakBone Software®,
NetVault®, Application Plugin Module™,
BakBone logo®, Integrated Data Protection™,
Redefining Data Protection™, Constant Data™,
Constant Data logo™, Constant Replicator™,
OnDemand Replicator™, and Constant HA Cluster™,
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.