Pennystockfinder.com reports that SPBU has a target price that is double its current price

(EMAILWIRE.COM, October 04, 2010 ) Montréal, Québec - Pennystockfinder.com
(http://www.pennystockfinder.com), a premier source for penny stocks research issues stock alert for the following company:
Spare Backup, Inc. (Public, OTC:SPBU).



A research report recently came out on SPBU by the Gregory Christopher Group that put a price target on SPBU at $.30. SPBU is currently trading less than half this target price. This means if it was to hit this price, the gains would over 100%!!!

SPBU has made numerous rallies in the past, just a few weeks ago SPBU rallied and almost doubled in price, it has since stabilized and may be gearing up for another run.

SPBU is an internet technology company and these are Pennystockfinder.com favorite as they can be valued at outrageous multiples based on current earnings. One example is facebook which some are valuing at $26 Billion!! Imagine if you were one of the early private investors in that company.

SPBU specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer 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.

Imagine that, backing up files without any user intervention!

Backing up files to the Internet is going to become the norm. Have you ever gone on a business trip or to a friends house and wish you had access to your data. With online backup you can now access your data from anywhere!!

SPBU also just recently launched their cell phone apps for backup and security.

There are hundreds of millions of powerful Internet ready mobile devices sold each year. As capabilities increase, users are becoming more dependent on their device and as a result are storing more critical data on these devices.

Every year millions of phones are lost or stolen; that number continues to rise as devices become smaller.

SPBU`s new technology could be huge!

SPBU`s "My Hub Mobile" app allows consumers to back up and store content so they can backup your contacts and pictures and anything else and use the "cloud" to access these from any computer.

So not only does it protect and save important information, but also adds a new level of interactivity between your phone and PC.

This product was approved by Apple for use with the iPhone platform, and is available at the Apple iTunes App Store.

As an added value to this application, SPBU`s "My Hub" now supports Catch Media`s "Play Anywhere" platform, which allows consumers to listen their music on their mobile device and on the web.

SPBU`s product is backed by licenses from major and independent record labels, and offers consumers, for the first time, a legal and simple way to enjoy their music collection seamlessly across multiple devices.

This is cool because not only will users be able to backup their contacts, pictures, and notes, but also their music! If you lose your phone, the My Hub app will allow you to reload your new phone so you don't miss a beat.

SPBU`s My Hub has been drawing favorable reviews including from CNET. CNET is part of CBS Interactive and is a trusted source for unbiased reviews on a variety of software and consumer electronics products.

SPBU has also partnered with The Carphone Warehouse to launch this dynamic new technology and approach with the My Hub Mobile App and web interface.

SPBU has a history of making moves so Pennystockfinder.com Team wouldn't be surprised to see another rally. Start your research at: http://www.sparebackup.com Always do your own research and consult with your own financial professional.


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Disclaimer and Forward-Looking Statement
Please read Pennystockfinder.com disclaimer at http://www.Pennystockfinder.com

Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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