PALM DESERT, Calif., Dec. 16 /PRNewswire-FirstCall/ -- Spare Backup, Inc. ("Spare Backup") (OTC Bulletin Board: SPBU) today announced the signing of a definitive agreement with Saveology.com® ("Saveology") for Spare Backup to provide data backup storage and a customized cloud portal for Saveology's rapidly growing customer base. Saveology is a leading comparison shopping destination focused on a vast array of home services, including cable, satellite television, Internet, telecommunications, home security and warranties. Through their Saveology platform and search engine, Saveology customers are able to quickly compare essential services in one convenient place where they can comparison-shop, purchase and seamlessly schedule installation of a broad range of nationally-recognized brands.

Saveology provides a 24/7 technical support service to its current customer base - through its SupportSquad(TM) brand. Spare Backup and Saveology will target delivery of Spare Backup's cloud and backup services initially through Saveology starting in mid January, 2010. As Saveology adds additional subscribers, currently at a rate of approximately 75,000 per month, they will automatically be included in the offering.

Commenting on the agreement Cery Perle, CEO of Spare Backup, stated, "We are delighted to team up with Saveology in what we both believe will be a very lucrative and synergistic partnership. Spare's data backup will offer the highest level of data integrity and security for Saveology subscribers along with a cloud portal that will greatly enhance their overall subscriber experience leading to increased utilization of the Saveology website, and the whole host of consumer services they provide. Additionally, the opt-out model for delivering this service should result in much higher retention rates as subscribers reach the first payment tier of over two gigabytes. Our historical opt-out retention has been above 50% and we look forward to providing our services to Saveology's millions of subscribers. Both parties have agreed to share revenue on a confidential basis."

Commenting on this agreement, Benny Aboud, CEO of Saveology.com® stated, "We are thrilled to be able to offer Spare Backup's solution as part of our Saveology.com platform. In an increasingly changing online world, this offering will provide our subscribers with an invaluable security and storage product for their everyday computing needs."

For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-0251 Ext. 224 or ir@sparebackup.com.

About Spare Backup, Inc.:

Spare Backup, Inc. specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice. The company recently has launched a suite of services in consumer cloud computing. The company is headquartered in Palm Desert, California.

About Saveology.com®:

Saveology.com® is a leading comparison shopping destination focused on a vast array of home services including cable, satellite television, Internet, telecommunications, home security and warranties, moving services, and various financial products. Our mission, through utilization of the Saveology.com® platform and search engine, is to empower consumers to lower their cost of living by quickly comparing offers and allowing for the seamless purchase and service installation of a broad range of nationally recognized brands. Visit www.Saveology.com to learn more.

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.

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CERY PERLE

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=34043

SOURCE Spare Backup, Inc.

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