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Spare Backup Enters into Web Hosting and Services Fee Agreements with Key Distribution Partners
Jun 05, 2012 (05:06 PM EDT)
Management sees web services revenue of $1 million over the next twelve months as more hosted sites come on line from its current launch schedule
MINDEN, Nev., June 5, 2012 /PRNewswire/ -- Spare Backup Inc. ("Spare Backup") (OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, today announced that it has entered into agreements with a number of its key distribution partners to provide web hosting and web services related to its mobile data backup and security services launches in Europe and North America.
"As our current launches in Europe and North America gain traction, web hosting and servicing offer us a significant additional revenue stream," commented Cery Perle, CEO of Spare Backup. "We provide a full range of integrated reporting services for our partners, that include customer sign-ups, backup analytics, and monthly billing analysis. We are confident that this new revenue source combined with current and future distribution partners will move us more rapidly to profitability."
Spare Backup hosted websites are seamlessly integrated into the distributor's back-end to provide customers with full real-time access to all of the data, security, and parental control features entitled under services contracts offered by the distributor. Management sees monthly web hosting and services revenue totaling approximately $1 million in the next twelve months as it rolls out additional sites and reaches similar agreements with other new distribution partners. Management also sees the recent launches with its U.K. partner's and Simplexity as well as additional scheduled launches leading to significant increases in its customer base in the coming quarters, further fueling revenue growth.
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warrantee service partners in North America and Europe.
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Forward Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backups filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
SOURCE Spare Backup, Inc.