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.  

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf.  All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements.  Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement.  An investment in our common stock involves a significant degree of risk.  You should not invest in our common stock unless you can afford to lose your entire investment.  You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock.  If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.

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

Investor Contact:  
Kevin Fickle, President

SOURCE Spare Backup, Inc.