Spare Backup Inc Announces Web Hosting and Services Fee Agreements

| June 10, 2012

Spare Backup Inc 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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