Spare Backup to Launch Spare Mobile Security and Backup Services with Second Financial Services Group through Its European Distribution Base

MINDEN, Nev., June 29, 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 it plans to launch Spare's mobile security and data backup services with a second financial services group in Europe as part of the master services agreement with our largest European distribution partner.  Spare mobile services will be incorporated as part of various insurance and warranty packages offered by the financial services group.

The launch, which is expected to take place in the next 30 days, is part of Spare Backup's strategy of providing our services on a private label basis to providers of mobile warranty and insurance services. This second financial services launch is also a key milestone for Spare Backup as it helps validate that our software meets the stringent standards for encryption and security mandated by the financial services industry and can be readily deployed with other industry partners across the globe.

Initial data from our first launch in North America indicate a customer take rate of approximately 30% on offerings incorporating Spare Mobile services.  Management anticipates similar results for other scheduled launches in Europe and North America as Spare Backup continues an aggressive deployment phase with its current partners.

"We are excited to launch our Spare Mobile offerings with a second financial services industry partner as we begin to see some early sales data that supports our efforts in the warranty and mobile insurance space," commented Cery Perle, CEO of Spare Backup. "Through our private labeled websites we can support multiple launches in a very quick time frame and we intend to diligently work with our partners in North America and other parts of the world to rapidly grow our customer base.  We believe we are in the right place at the right time in the mobile space to quickly gain traction and support a very large recurring revenue base for our company to fuel our future 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 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
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
[email protected]

SOURCE Spare Backup, Inc.

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