MINDEN, Nev., May 30, 2012 /PRNewswire/ -- 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, today announced that its mobile data backup and security service is officially launching with one of the largest mobile device retail chains in the U.K. this week ("UK Chain").
Spare Backup software, and cloud data protection service, along with its enhanced mobile security tools, is now incorporated in all mobile warranty programs for "smart phones" offered by the UK Chain. Spare Backup will receive revenue for each customer who registers their device under the warranty program, as well as, any purchases of additional monthly storage capacity. Each mobile customer will receive two gigabytes of data storage for their mobile device as part of the warranty program. Customers that wish to add more devices or more capacity can simply sign up for a number of additional capacity offerings available for an additional monthly fee.
Management expects that the average number of new warranty customers will range between 65,000 and 100,000 per month. Customer activation can be done by phone or online. Once activated, they can take advantage of seamlessly backing up contacts, calendars, photos and other media content, as well as, having the ability to remotely locate their phone, lock it or even erase data. Management sees this launch as a key milestone for the company as it begins a series of near term launches with new US and European partners in the mobile warranty and insurance space.
Commenting on the launch Cery Perle, CEO of Spare Backup, stated, "We are very excited to begin this new launch that further validates our position as the largest private label mobile security and data backup software provider. We have been tirelessly working toward this launch with the U.K chain and believe this agreement and launch initiates a significant ramp in revenue for Spare Backup. The warranty space is a perfect fit for our product as it helps both the customer and provider mitigate risk. We are confident that we have the right tools to become the dominant player in the mobile security and data backup market. With this launch and the other launches planned over the next 30 to 45 days we will see a dramatic positive shift in our cash flow in the coming months and quarters."
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 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.
Kevin Fickle, President
NUWA Group, LLC
415.525.8275 [email protected]
SOURCE Spare Backup, Inc.