. "As our current launches in Europe and North America gain traction, web hosting and servicing offer us a significant additional revenue stream," commented Cery Perle, CEO of Spare Backup. "We provide a full range of integrated reporting services for our partners, that include customer sign-ups, backup analytics, and monthly billing analysis. We are confident that this new revenue source combined with current and future distribution partners will move us more rapidly to profitability." $SPBU