2GB of Free Secured Online Storage Offered by SpiderOak

"We are pleased to be offering the first complete online back up, storage,
access, and sharing solution," said Ethan R. Oberman, co-founder and Chief
Executive Officer of SpiderOak. "SpiderOak’s approach differentiates itself in
two crucial ways. First, we invoke a new, innovative, and vastly more secure
approach to online privacy whereby we never store a user’s password or
encryption keys. And second, we solve the intricate problem of storing cross
platform data in a central location and making that data universally
accessible to the user."

SpiderOak offers two gigabytes of free online storage for any type of
document, photo, song, movie or other digital media. Additional online storage
is available for a monthly fee. Designed as a central storage repository,
users may install SpiderOak on any number of computers (work, home, laptop)
and access all of their files from any computer within their SpiderOak Network
or any computer with an Internet connection. Back ups occur automatically and
continuously whenever changes or additions are made. Further, historical
versions of every file are preserved so a user can recover a file from any
point in time by date-stamp.

Any file that SpiderOak has backed up can be included in a ‘ShareRoom’. As
an example, a ShareRoom may contain photos of a most recent family vacation,
the latest interior designs with a client, or tax records with an accountant –
each on a secure and password protected basis. Additionally, changes or edits
to any of the folders or documents included in a ShareRoom are automatically
uploaded and available without having to ‘re-upload’ or ‘re-transfer’.

At the core of SpiderOak is privacy. "We took the unprecedented approach of
using strong encryption and never storing users’ passwords or the plaintext of
their encryption keys," said SpiderOak’s experienced co-founder and Chief
Technology Officer Alan Fairless. Mr. Fairless has led a team of developers
for nearly two years to create this pioneering storage technology. He
continued, "This means that no one can ever know what data a user is storing
including the SpiderOak staff. We do allow our users to create a password hint
which can be easily retrieved but this is the only recovery mechanism." Mr.
Fairless concluded, "All this was necessary to create a true zero-knowledge
environment."

The first two gigabytes of storage are free. All SpiderOak features
including back up, historical versioning, adding multiple computers, and
sharing are included at no extra charge. Should a user wish to back up more
than 2 gigabytes, the cost is $10 per month up to 20 gigabytes and $5 for each
additional 10 gigabyte increment thereafter. Future versions of the SpiderOak
system will be compatible with mobile phones, Blackberrys, and PDAs.

SpiderOak, Inc.