SOURCE: Spare Backup

August 09, 2012 12:34 ET

Spare Backup Reaches Agreement on Principle Business Terms for Major International Telco Launch in 2012

Spare Mobile Backup and Security Software to Be Bundled in All Mobile Warranties; Management Anticipates Contract Announcements Shortly for a Launch Early in the 4th Quarter 2012

MINDEN, NV--(Marketwire - Aug 9, 2012) -  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, announced today that it has successfully completed an agreement on business terms for the launch of Spare Mobile Backup and Security with a large International Telephone Carrier as part of a bundle, in all warranty offerings. Management anticipates the completion of final contracts will be made shortly with a launch to take place within the next sixty days. 

Spare Backup's CEO Cery Perle stated, "A launch of this potential magnitude is a game changing event for Spare Backup as it can lead to subscriber additions in the fourth quarter which could number in the millions. It will also validate the power of Spare Backup's software, and the strength of our marketing partnerships. The launch is anticipated to initially roll out to 20% of the Telco's addressable market with full availability to be completed by year end. Upon full availability, the potential market for additional subscribers will exceed 10 million in 2013." Additionally, Mr. Perle stated, "The international Telco market is a vast market for Spare Backup and this relationship just scratches the surface of its potential. While our Spare Backup and Security provides the ultimate customer protection in the event of a lost or stolen phone, we believe an even bigger value to the Telco's is that our software helps reduce customer churn and increase customer retention. We look forward to providing further information on this development shortly as we finalize contracts and gear up for this important launch."

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.

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