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SAN DIEGO--(BUSINESS WIRE)--June 21, 2000--BakBone Software, Inc. (TSE: BKB - news) today announced the promotion of Anthony Cerqueira to the post of Chief Executive Officer.
Mr. Cerqueira, who has been BakBone's Executive Vice President, is a co-founder of the company. Mr. Cerqueira helped with the start-up of BakBone's Japanese subsidiary, as well as led the $25 million (US) financing effort for BakBone Software's corporate launch.
BakBone also announced that Mr. Jack Corrao will retain his position as the company's President, and will assume additional duties as Chief Operating Officer, responsible for the day-to-day worldwide operations of the company.
"This move plays to our combined and individual strengths," said Mr. Cerqueira. "We have been seeking the appropriate balance of vision and implementation as we enter the North American marketplace. This structure enables us to accomplish that objective, building a company that provides both world-class products and services, and maximizes shareholder value."
"Tony and I have worked closely together for the last decade," Mr Corrao commented. Our relationship enables us to understand each person's strengths, and to employ them on BakBone's behalf. We are moving forward with the execution of our strategic business plan, and I know the result will be a company of which we can all be proud."
About BakBone Software, Inc.
BakBone Software(TM) is an international storage management software company that develops and globally distributes industry-leading storage management solutions to the open systems markets, providing data protection and management solutions scalable from office to enterprise that will grow with a company's needs.
BakBone's NetVault(TM) products are designed to provide unparalleled robustness, and unmatched data protection and recovery to meet the challenges of today's computing infrastructures. BakBone Software's comprehensive but easy to use features include versatile modular design, SAN LAN-free support and specialized on-line application backup. The very core of the product is designed with high bandwidth data transfers in mind and designed to ensure that performance is not compromised under any circumstances.
BakBone's corporate headquarters are located at 10145 Pacific Heights Boulevard, San Diego, Ca. 92121. Its stock is listed on the Toronto Stock Exchange and is included on the TSE 300 Composite, S&P/TSE Canadian SmallCap and TSE 200 indices. For more information on BakBone products, call 858-450-9009, e-mail sales@bakbone.com, or access BakBone's web site at www.bakbone.com.
Safe Harbor
The statements contained in this press release that are not historical in nature are forward-looking statements. Forward-looking statements are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements.
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