China Growth Stocks

[Stream205]

SPBU: Deal with SONY is incredible.

The CEO of SpareBackUp gave a presentation to StockTalkLive two weeks ago and it was impressive.

He said they were in final contract talks several major global players.

Well..........he was not kidding.

Today SPBU put out a SEC filing late in the afternoon on a deal with Sony Electronics.

This news has not been put out in news release form yet.

It really is wild, imo.

SPBU ended the day @ .07 cents.

From todays 8-K

"On March 7, 2012, Spare Backup and Sony Electronics, Inc. (“Sony”) amended their July 13, 2010 services agreement (the “Agreement”) for Spare Backup to provide online data backup services to Sony’s customers. Under the terms of the amendment to the “Agreement”, the parties agreed to a one year extension to the expiration date of the Agreement as well as to inclusion of PC, Phones, Tablets, and other Android devices. The amendment calls for Spare Backup to provide the following services:"


8-K Link:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8474489-1184-7727&type=sect&dcn=0001437749-12-002151



NOTE: Will check on Monday but I assume the deal is good for all Sony products, including China.