Spare Backup Has Accepted the Resignation of Robert Binkele as a Member of the Company’s Board of Directors

MINDEN, Nev., Aug. 26, 2011 /PRNewswire/ -- Spare Backup, Inc. ("Spare Backup") (OTCBB: SPBU) today announced that Robert Binkele resigned as member of the Board of Directors of Spare Backup, Inc. effective August 22, 2011.

Mr. Binkley Has served as member of the board since September 19, 2008. In his letter to the company Mr. Binkele stated that his many responsibilities, including managing J.P. Turner branches and acting as CEO of the Estate Planning Team, left him with insufficient time to devote to the increasing board responsibilities as Spare Backup moves forward with its expansion plans. There was no disagreement between Mr. Binkele and Spare Backup which led to his resignation.

Management intends to increase the board to five members through the addition of two independent directors and is in active discussions with several potential candidates.  Management anticipates the board additions to take place in the near future as the Company continues the rollout of Spare Backup and Spare Mobile in Europe and North America.

Commenting on the announcement Cery Perle, President and CEO of Spare Backup, stated "We are thankful to Bob for his 3 years of dedicated service on our board and wish him well in his personal and business endeavors.  We are also looking forward to the expansion of our board in the near future as we enter what we believe will be an exciting period of growth for our company."

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, tablet and mobile 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.  

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 Backups 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.

CONTACT:  Beverly Jedynak, President, Martin E. Janis & Company, Inc., 312-943-1123, [email protected]

SOURCE Spare Backup, Inc.