18 Nov 2008

Tuesday November 18, 2008

Spare Backup to Offer 1 Gigabyte Promotional Storage Offer to CPW

PALM DESERT, Calif., Nov. 18 /PRNewswire-FirstCall/ — Spare Backup (OTC Bulletin Board: SPBU - News) today announced that it has signed a Data Storage Services Agreement with The Carphone Warehouse Limited (CPW), a subsidiary of Best Buy Europe Distributions Limited, who currently operates in nine countries within Europe. Spare Backup will provide CPW’s customers with a free promotional 1GB (gigabyte) of its online data storage through CPW. Spare Backup and CPW have agreed to share any revenue derived from the agreement on a confidential but mutually beneficial basis.

At the completion of the initial free promotional period the customer will be given the opportunity to continue to use the data backup service for a monthly or yearly fee that is tied to the amount of data storage requested.

Spare Backup will be responsible for maintaining the integrity of the data and for the administration and operation of the Backup Website. Spare Backup will ensure that the Backup Website is available on a 24/7 basis except for scheduled maintenance or in the event of an emergency.

Spare Backup is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention and with the data migration feature added, the customer can transfer their data without any complicated actions on his or her part.

“This agreement along with our strengthened relationship with DSGI, is helping to solidify Spare as the backup service of choice among the top retailers in Europe,” stated Cery Perle, CEO of Spare Backup. “We are excited about the opportunity to extend Spare Backup’s reach throughout Europe and partnering with CPW is another significant step forward for our company.”

“The Carphone Warehouse and Spare Backup are both passionate about giving customers the highest quality service and products to make their shopping experience simple and enjoyable. Spare Backup’s Data Storage solutions that ease the transfer and backup storage of priceless data certainly helps to deliver that.”

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.