Spare Backup to Outsource Certain IT and Software Development Functions to Support Expanding Distribution Partnerships.
Management Sees Outsourcing Resulting in a 50% improvement in Productivity
PALM DESERT, Calif., May 5 /PRNewswire-FirstCall/ -- Spare Backup, Inc. (OTC Bulletin Board: SPBU), an industry-leading provider of automated, online backup applications for home users and small businesses, announced today that the company will outsource certain IT and software development functions to several international IT services providers. The outsourcing initiative is part of a plan to support its recent and anticipated launches with its recently announced partners as well as potential new distribution agreements with other partners. To better manage the additional client backup and cloud computing needs, this outsourcing expands Spare Backup's capacity at least three-fold, while at the same time lowering Spare Backup's overall research and development expenses.
"We believe that outsourcing certain IT and software developments functions will enable us to cost effectively manage our future development efforts. Our in-house team has created a state of the art cloud computing platform. Spare will keep a core group of seasoned developers in house to continue to program, as they will be an integral part of our future product enhancements," stated Cery Perle, CEO of Spare Backup. "We are gratified to have developed unique platforms and functionality that enable us to move to the next stage of growth where we will now be able to offer 24 hour programming capability and capacity necessary to meet the current needs of our existing clients and anticipated new distribution agreements. We believe this outsourcing will help us reduce our annual operating costs and at the same time continue to expand our distribution model to accommodate increased customer expansion."
For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-0251 Ext. 224 or [email protected].
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.
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.
SOURCE Spare Backup, Inc.
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