MINDEN, Nevada, December 19, 2013 /PRNewswire/ --
Spare Backup, Inc. ("Spare Backup") ("OTC: SPBU"), a provider of data backup and security software for smartphones, tablets and PCs, and protection plans which is carrier and manufacturer agnostic, is announcing today corporate updates of recent business developments with the Company.
Spare Backup has completed the data migration for its cloud-based backup to a new state of the art data center. The move will result in a more than 70% reduction in its overall data storage costs. The new center will also provide faster response for uploading and downloading of computer, tablet, and smartphone data.
After having recently launched its new ShieldX2Plus comprehensive protection plan for most major smartphones and tablets, Spare Backup has received initial orders from certain exiting channel partners and distributors. Spare Backup expects to receive additional orders in the coming weeks and into 2014.
The Company is also working diligently with its new auditor to complete its quarterly financial report for the second and third quarters of 2013 to bring the company current in its financial reporting requirements. Management believes it will be in a position to file these reports shortly.
Cery Perle, CEO of Spare Backup, Inc., stated, "We are excited to have completed our data center migration, which will result in an annual cost savings of over $200,000 while improving overall performance. Additionally, the initial feedback on our ShieldX2Plus has been extremely positive. We anticipate a large ramp up in orders in the coming weeks as we aggressively build this new combined product line and develop the protection channel space."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software, and protection plans 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 warranty 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.
CONTACT Spare Backup, Inc. 990 Ironwood Minden, Nevada 899423
Ascendant Partners at IR@spbu.com +1-732-642-7770
SOURCE Spare Backup, Inc.