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Spare Backup to be Bundled in Popular Anti-Virus Software at Major U.K. Electronics Retail Chain
Sep 29, 2009 (02:09 PM EDT)
PALM DESERT, Calif., Sept. 29 /PRNewswire-FirstCall/ -- Spare Backup, Inc. today announced that it has entered into a memorandum of understanding ("MOU") to have its data backup and cloud computing services bundled in a popular anti-virus software package offered by a major U.K electronics retailer throughout its chain of stores.
The MOU, referenced in an 8K filing by Spare Backup, Inc. ("Spare Backup") on September 24, 2009, provides for the terms under which Spare Backup will receive a payment for each anti-virus product sold by the U.K. retailer containing the Spare Backup bundle. All parties will operate under the MOU until such time as a definitive agreement is reached which is anticipated to be completed within 45 days of September 23, 2009.
"We are excited to be working with two exceptional partners in combination to unveil this all encompassing product. Together we are providing a solution to anti-virus and remote backup, combined in one offering. This additional distribution channel shall help add customers to our already growing customer base, eventually enabling our subscribers to reach out to all of our other offerings, including our newly launched consumer 'cloud.' It truly is the best of all worlds and we are committed to moving forward with this partnership," stated Cery Perle, CEO of Spare Backup.
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About Spare Backup, Inc.:
Spare Backup, Inc. specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice. The company is headquartered in Palm Desert, California.
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SOURCE Spare Backup, Inc.
CONTACT: Spare Backup, Inc., investor relations, +1-760-779-0251, ext. email@example.com,
Web site: http://www.sparebackup.com/