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SAN DIEGO, CALIFORNIA - July 2, 2002 - BakBone Software (TSE: BKB), a global provider of storage management software, announced today the engagement of investment banking firm Salomon Smith Barney to advise BakBone on strategic and financial matters.
"I am delighted to have the opportunity to work with a leading firm with strong storage industry expertise, and I look forward to a long and successful relationship," said Keith Rickard, BakBone's President and CEO. "We believe Salomon Smith Barney will be invaluable in the execution of our strategy. They also possess strengths in many areas that a growing company like BakBone can truly benefit from."
About BakBone Software, Inc.
BakBone Software (TSE: BKB - News) is an international storage management software company that develops and globally distributes high-performance software solutions to the network storage and open systems markets. BakBone's near-line archival and backup/restore software suites provide scalable data protection from the workgroup to the enterprise. Founded in 2000, BakBone Software's products are used by companies worldwide, and are distributed through a network of OEMs and solution providers. BakBone's corporate headquarters is located at 10145 Pacific Heights Boulevard, San Diego, California 92121. Its stock is listed on the Toronto Stock Exchange and is included on the S&P/TSE Composite Index, S&P/TSE Canadian SmallCap and TSE 200 indices. For more information on BakBone products, call (866) 484-2663, e-mail sales@bakbone.com, or access BakBone's web site at www.bakbone.com.
Disclosure and Forward Looking Statements
With the exception of historical information, the statements set forth above include forward-looking statements (including but not limited to express or implied statements concerning execution of BakBone's strategy) that involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: fluctuations in the capital markets; competition in our target markets; management of future growth and expansion; risk of third party claims of infringement; protection of proprietary information; product concentration; need to develop new and enhanced products; potential product defects; and our ability to hire and retain qualified employees and key management personnel.
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 Canadian Securities Administrators, which is available on the SEDAR disclosure system at www.sedar.com and/or those risk factors disclosed in the current report filed with the United States Securities and Exchange Commission which may be found at www.sec.gov/edgar.
All future written and oral forward-looking statements made by us or on our behalf are also subject to these factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
All 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.
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