Spare Backup Forecasts Revenue of $1.1 Million in 1FQ09

Spare Backup, Inc., provider of automated, online backup applications for home users and small businesses, sees revenue for the first quarter of 2009 expanding rapidly and forecasts subscriptions climbing to over $1.1 million.

The strong improvement in top line performance remains largely attributable to its recently launched data backup offerings in partnership with DSG International as well as ramping services to its OEM manufacturers. Management expects its revenue growth rate to significantly improve in the coming quarters as new stores and partnerships are launched. DSGI and Spare Backup have begun their annual subscription backup program through the 160 plus PC World stores and Tech Guys service desk. In the upcoming months Spare Backup plans to launch in 422 Curry’s stores, and expects to be fully deployed at Curry’s by the end of the second quarter of 2009.

Mr. Cery Perle, CEO of the Spare Backup, Inc., commented: "Our subscription numbers continue to improve and we are very encouraged by our recent sales data. Revenue from subscriptions in the first quarter 2009, which is typically one of our slower quarters may equal or exceed our total 2008 sales. We have benefitted from the combination of strong customer retention, as well as strong growth in new customers through the DSGi channel. We believe that the upcoming Cydcor and Curry’s launches will only accelerate this rate of sales growth as we continue to drive our business model to our goal of positive cash flow and profitability."