Tech Stock News Alert: Spare Backup (OTCBB:SPBU) Launches Spare Mobile Security and Backup Services with Second Financial Services Group in Europe

Posted on 7/9/2012 2:45:59 PM in #Stocks | 4 comments comments

MINDEN, Nev. - July 9, 2012 (Investorideas.com Newswire)
Tech stock news: Spare Backup Inc. (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

kevin@nuwagroup.com

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