PALM DESERT, Calif. -- Spare Backup, Inc. (OTCBB:SPBU) announced today that it has signed an agreement to provide DialAGeek, a 24/7 technical support organization supplying a virtually complete list of support services to computer users, and its customers in the United States, Germany, Japan and Australia with online data storage and backup services.
Under the terms of the agreement, Spare Backup will supply 1 (One) Gigabyte of online storage to each customer that purchases a DialAGeek contract. If the customers storage requirements exceed 1 Gigabyte, the customer will in due course be notified of that occurrence and thereafter be automatically enrolled in a monthly subscription by DialAGeek. The monthly subscription includes online data storage up to 50 (Fifty) Gigabytes. Spare Backup will receive recurring monthly revenue from DialAGeek when the customer enters the monthly subscription plan. The specific revenue sharing arrangement was not disclosed.
Commenting on the announcement, Cery Perle, President and CEO of Spare Backup, Inc. stated, "This is another example of the broad market opportunities available to Spare Backup. There is a rapidly growing awareness of the vital need for an efficient, non-invasive, easy to use means of backing up critical data and the growing recognition that Spare Backups approach is the preferred choice by market leaders. Enthusiastic acceptance and agreements with some of the most preeminent computer industry manufacturers and retailers such as Circuit City, DSGI is all the proof that is needed to support our position that Spare Backup is the leader in the online backup storage. We are excited to add DialAGeek, yet another market leader, to our list of valuable strategic partners.
Spare Backup Inc.