SOURCE: Wall Street News Alert

Wall Street News Alert

September 23, 2009 08:38 ET

Wall Street News Alert: Ahead of the Bell: Spare Backup -- September 23, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - September 23, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Spare Backup, Inc. (OTCBB: SPBU), Citigroup Inc. (NYSE: C), Microsoft (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL).

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Spare Backup, Inc. (OTCBB: SPBU) issued a press release yesterday after the markets closed announcing that it has entered into a Cloud and Digital Services Agreement with The Carphone Warehouse (CPW). CPW currently operates over 2,450 stores within nine countries in Europe and in 2008 it connected 12.5 million customers. The launch of the Consumer Cloud platform will target CPW's rapidly growing and large existing mobile user base.

Under the terms of the agreement Spare Backup has built a consumer digital services platform that consists of SPBU's storage and expanded cloud infrastructure. This will start with CPW's new customers throughout the over 800 CPW UK stores. Additionally, CPW is committed to offering the SPBU consumer cloud to its existing customers, throughout various channels. Customers will be provided with a storage and cloud offer, allowing them to try a variety of services, such as managing music, movies, mobile banking and apps.

Spare Backup is the first totally automated online backup service that intelligently selects, secures and stores files in the cloud without any user intervention. Tom Guy, Head of Digital Services and Content of Carphone Warehouse, commented, "We're very much looking forward to launching our digital platform with SPBU. We will not only be bringing every customer a content storage and syncing solution, but we have developed a contact strategy, built on providing relevant services, and tools enabling them to make the most of this technology."

"Working on a co-branded basis with Carphone Warehouse, our digital services platform will be targeting their vast mobile user base, which solidifies our position as the backup and cloud service provider of choice for both PCs and mobile phones," stated Cery Perle, CEO of Spare Backup. "We are excited to provide this comprehensive platform through Carphone Warehouse."

"This jointly developed solution allows the consumer to store and share their information across all their devices; it enables the consumer to synchronize multiple devices and sharing of personal data. The variety of Cloud Services we will offer is really significant for the consumer. Most importantly, Spare Backup will continue to store the consumers valuable data safely, securely and with the highest availability," said Ivor Newman, Vice President of Operations, SPBU.

The stock closed yesterday at Fourteen cents a share.

For an in-depth profile of Spare Backup, visit

Citigroup Inc. (NYSE: C) up 4.9% on 676.9 million shares traded.

Citigroup Inc. is one of the leading global financial services companies.

Microsoft (NASDAQ: MSFT) up 1.8% on 61.3 million shares traded.

Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Apple Inc. (NASDAQ: AAPL) up 0.2% on 12.7 million shares traded.

Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

Market Commentary:

December gold rose $10.60 to $1,015.50 an ounce on the Comex division of the New York Mercantile Exchange. December silver gained 23.5 cents to $17.115.

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