Sees initial revenue up to $100,000 per month from this U.K. launch with several similar programs launching in the quarter with various distribution partners
PALM DESERT, Calif.--(BUSINESS WIRE)-- Spare Backup (OTCBB:SPBU) today announced that the Carphone Warehouse Limited (CPW), a unit of Best Buy Europe Distributions Limited (BBE), has launched its Geek Squad Max Computing and Max Mobile protection programs bundled with Spare Backup’s Co-branded My-Hub backup and cloud computing services along with Spare Mobile.
Management anticipates this U.K. launch generating up to $100,000 per month for Spare Backup as it provides co-branded storage services included in the bundle to the Geek Squad customers who subscribe to the paid insurance programs. Spare Backup is launching several similar programs with various distribution partners throughout the current quarter.
Spare Backup is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention.
"We have worked very hard to position our company for a rapid expansion and are excited to be included in the Geek Squad Europe’s Max protection programs that have launched in the U.K. We anticipate launching a number of additional programs through various channels which we believe will create a solid revenue base for our company enabling us to experience sustainable expansion for the foreseeable future. Over the past few quarters our team has worked hard to deliver what we believe is 'best in class' services that not only focus on the PC, but also multiple mobile platforms,” said Cery Perle, CEO.
For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-0251 Ext. 224 or ir@sparebackup.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.
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 Backup's 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.
No comments:
Post a Comment