|
Spare Backup, Inc. and DSGI Sign Additional Two Year Agreement for Expanded Annual Backup Program
Thursday, November 20, 2008
PALM DESERT, Calif., Nov. 20 /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
it has reached a 2 year agreement covering its recently launched annual backup
agreement with DSGI, the top consumer electronics and PC retailer in the UK
and European region.
Under the terms of the agreement, DSGI will continue to offer an in store
one year subscription to consumers for only 29.99 pounds Sterling. The product
has been positioned in several key locations throughout the stores including
the in-store repair centers, new computers and digital camera areas. Repair
technicians will offer the one year prepaid service to all customers seeking
computer repairs. Customers purchasing new computers will be offered the
service plan along with other services such as anti-virus, PCP performance
(which currently includes a free one gigabyte of backup which is also provided
by Spare Backup). Spare software will remain imaged on all DSGI private label
computer. Both companies have invested substantial effort, market research and
pilot trials prior to developing this comprehensive distribution platform.
Spare and DSGI intend to support the eventual roll out of the in store one
year subscription to over 1,300 DSGI stores spanning 28 countries. Both
companies have agreed to an incentive program whereby DSGI can acquire
additional warrants to purchase up to 5% of the common stock of Spare Backup
at $0.30 per share provided it meets certain predetermined monthly sales
targets which start at an average of 20,000 units per month over a six month
period (based on outstanding shares issued).
"Spare Backup, Inc. is excited to have received an early extension to its
original agreement, which was set to expire in the 1st quarter of 09. We are
pleased with the results we are seeing at stores that have received units of
the backup offering and believe this program will significantly enhance our
cash flow as we receive annual subscription purchases up front. We are
confident that DSGI's commitment to this program through its successful
'scorecard procedure' coupled with the new equity sales incentives will lead
to a large ramp in sales in the coming quarters. We are committed to
supporting DSGI in every way we can and look forward to the successful rollout
of this program in the months to come," said Cery Perle, CEO of Spare Backup,
Inc.
Spare Backup is the only company to offer true PC archiving, retaining
content until the client deletes the information from the Spare Backup copy,
not just the PC copy. Additionally, Spare Backup's controlled specialized
customer key process allows for the tightest security protection of client
content in the industry. Also, DSGI customers can rest assured that their
content is protected in one of the several Spare Backup "state-of-the-art"
Tier-3 data centers. Additional information on Spare Backup is available at
http://www.sparebackup.com.
For additional information, visit http://www.sparebackup.com. For investor
relations, please contact Robert Schatz at Wolfe Axelrod Weinberger, 212-370-
4500 or rob@wolfeaxelrod.com.
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 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.
|
|
|
|
 |
Banks ‘run system of virtual extortion’ | Jan 8, 2009
|
|
Microsoft's Ballmer: Windows 7 is nearly final | Jan 8, 2009
|
|
Brave techies can try Microsoft's new Windows 7 | Jan 8, 2009
|
|
Mediation board declares Delta, NWA a single system | Jan 8, 2009
|
|
WMS Software supports Oracle and SQL Server platforms. | Jan 8, 2009
|
|
Latest Windows operating system ready | Jan 8, 2009
|
|
The Princeton Review and USA TODAY Present The Princeton Review's 100 'Best Value Colleges for 2009' | Jan 8, 2009
|
|
Online Reputation Management Important For Small Businesses Too | Jan 8, 2009
|
|
Microsoft Research Helps Novice Musicians Discover Their Inner Songwriters | Jan 8, 2009
|
|
Microsoft Mediaroom Gets More Power and Gives TV a Reverse Gear | Jan 8, 2009
|
|
|
