TSX Tech Stock News; Q&A with TSX Technology Stock: SelectCore (TSX-V: SCG) Discusses Recent Contract with City of Toronto

New York, NY - July 24, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock Q&A interview with Mr. Bryan Kenyon, Executive Vice President Financial Services, SelectCore Ltd. (TSX-V: SCG).

Mr. Kenyon discusses the Company's recent contract with the City of Toronto and what's next for one of Canada's fastest-growing companies.
Q: Investorideas.com staff
Mr. Kenyon, your Company just announced the details of a multi-year contract with the City of Toronto for the issuance of prepaid payment cards, with the first phase of the roll out for Toronto Employment and Social Services (TESS) for the delivery of Social Assistance disbursements. Can you give investors the significance of this contract in context of the services it provides?
A: Mr. Bryan Kenyon, Executive Vice President
This contract is a big step forward for social assistance recipients and the City of Toronto. The City Services Benefit Card is the first of its kind EMV (chip and PIN), instant-issue prepaid card program to be launched in North America. The introduction of the card replaces the need to produce paper cheques, resulting in significant cost savings for the City as well as for recipients who will no longer have to incur expensive cheque-cashing fees. This contract is very significant for SelectCore in the fact that having completed this highly complex implementation, we now have the technology, infrastructure, capabilities and expertise to deliver turn-key or completely customized check-replacement programs to any government agency in Canada.
Q: Investorideas.com staff
What is the potential revenue stream from this contract and over what period?
A: Mr. Bryan Kenyon, Executive Vice President
The potential high-margin revenue for the initial three-year period of the contract is estimated to be in the $15 million to $18 million dollar range.
Q: Investorideas.com staff
Do you see Federal Governments as potential clients and if so, what is the process for procuring contracts at that level?
A: Mr. Bryan Kenyon, Executive Vice President
We clearly see Federal Governments and the entire public sector as an emerging market for our prepaid payment solutions. Similar to the City of Toronto contract, we expect to competitively bid in various RFP processes initiated by not only federal, but also provincial and local government agencies. We intend to showcase our expertise and differentiated capabilities for delivering robust, cost effective and cardholder-friendly programs.
Q: Investorideas.com staff
Who is your competition in the marketplace and what are your competitive advantages?
A: Mr. Bryan Kenyon, Executive Vice President
Although the Canadian market for prepaid card programs is still in early growth stages, we do have a small number of companies that compete in our space. SelectCore however is well-positioned to compete in this market as we have a host of competitive advantages including first to market solutions and the experience necessary to help corporate clients and government agencies alike adopt prepaid card programs. Our platform is highly secure, reliable and has the flexibility to meet the demands of virtually any prepaid scenario. As a nimble organization, we are optimally suited to compete on price, service and product features and functionality.
About SelectCore
SelectCore Ltd. (TSX-V: SCG) is a pioneer and leader in prepaid payment solutions for underserved markets. Founded in 1999, the Company offers a range of prepaid products and services from stored-value cards to mobile top-up that provide financial empowerment to a market of millions of under-banked consumers. SelectCore has been ranked among Canada's fastest growing companies by Profit Magazine four times in the past six years and was included in the 2011 Deloitte Technology Fast 500 list of North America's fastest-growing technology companies. For more information visit www.selectcore.com .
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Tech Stock Trading News Alert; CSR (NASDAQ:CSRE) Leads NASDAQ Top Percentage Gainers

New York, NY - July 17, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for CSR plc (LSE: CSR; NASDAQ: CSRE), the top percentage gainer in morning trading in the NASDAQ. The stock is trading at $18.10, gaining $ 4.54 or 33.48% on relatively light volume of 78,000 shares.
The Company reported news today of a proposed transfer of CSR's Handset connectivity and location development operations and technology to Samsung for US$310 million in cash.
About CSR
CSR is a global provider of innovative silicon and software solutions for the location-aware, media-rich, cloud-connected world. Our platforms are optimised for the automotive navigation and infotainment, digital cameras and imaging, connected home infotainment and wireless audio markets. We provide solutions to complex problems in the audio-visual, connectivity and location technology domains across a broad range of markets, with a technology portfolio that includes GPS/GNSS systems, Bluetooth®, Wi-Fi®, FM, NFC, aptX® and CVCTM audio codecs, JPEG, MPEG, H.264 imaging, PDL printing, microcontrollers, DSPs and broadband receivers. CSR's technology solutions and market platforms enable its customers to deliver a superior user experience and are adopted by leaders in the auto, computer, home and mobile markets. www.csr.com
About Investorideas.com

InvestorIdeas.com is a leader in investor stock research with a focus on energy and water. Sectors we cover include; water and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, natural gas stocks, tech (includes cloud and social networking), defense stocks, nanotech, China stocks and agriculture.
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Small Cap Tech Stock Spare Backup (OTCBB: SPBU) Reports it Reduces Liabilities by $1 Million

MINDEN, Nev. - July 10, 2012 (Investorideas.com Newswire) Small cap tech stock news update: Spare Backup Inc.(OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, reports it has reduced its outstanding liabilities by approximately $1 million dollars in the third quarter of 2012 as management has begun an extensive review of certain accounts payable and other obligations of the company. Management believes there will be additional reductions in overall liabilities including the elimination of certain aged payables and renegotiation of others which will help to strengthen its balance sheet in the coming quarters.

"Our team is working diligently to place Spare Backup on more solid financial ground as we support the extensive launch of our service in North America and Europe." commented Cery Perle, CEO of Spare Backup, "Our initial review in conjunction with legal counsel has led to the elimination of approximately $1 million dollars in legacy items and we are currently reviewing a number of additional items which we believe will lead to a further reduction in liabilities. We are confident that through these measures and through our aggressive rollout, we will be able to achieve our growth targets and build a profitable future for our company and its stockholders."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warranty service partners in North America and Europe.
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
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
kevin@nuwagroup.com
Published at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: A third party on behalf of SPBU compensated Investorideas.com for news release publishing and distribution: three thousand five hundred per month and four hundred thousand 144 shares for a six month period
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Spare Backup (OTCBB: SPBU), Provider of Data Backup and Security Software for smartphones, tablets and PCs, Reduces Liabilities by $1 Million for Third Quarter

MINDEN, Nev. - July 10, 2012 (Investorideas.com Newswire) Spare Backup Inc.(OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, today announced that Spare Backup has reduced its outstanding liabilities by approximately $1 million dollars in the third quarter of 2012 as management has begun an extensive review of certain accounts payable and other obligations of the company. Management believes there will be additional reductions in overall liabilities including the elimination of certain aged payables and renegotiation of others which will help to strengthen its balance sheet in the coming quarters.

"Our team is working diligently to place Spare Backup on more solid financial ground as we support the extensive launch of our service in North America and Europe." commented Cery Perle, CEO of Spare Backup, "Our initial review in conjunction with legal counsel has led to the elimination of approximately $1 million dollars in legacy items and we are currently reviewing a number of additional items which we believe will lead to a further reduction in liabilities. We are confident that through these measures and through our aggressive rollout, we will be able to achieve our growth targets and build a profitable future for our company and its stockholders."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warranty service partners in North America and Europe.
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
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
kevin@nuwagroup.com
Published at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: A third party on behalf of SPBU compensated Investorideas.com for news release publishing and distribution: three thousand five hundred per month and four hundred thousand 144 shares for a six month period
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Tech Stock News Alert: Spare Backup (OTCBB:SPBU) Launches Spare Mobile Security and Backup Services with Second Financial Services Group in Europe

MINDEN, Nev. - July 9, 2012 (Investorideas.com Newswire) Tech stock news: Spare Backup Inc. (OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, today announced that it plans to launch Spare's mobile security and data backup services with a second financial services group in Europe as part of the master services agreement with our largest European distribution partner. Spare mobile services will be incorporated as part of various insurance and warranty packages offered by the financial services group.

The launch, which is expected to take place in the next 30 days, is part of Spare Backup's strategy of providing our services on a private label basis to providers of mobile warranty and insurance services. This second financial services launch is also a key milestone for Spare Backup as it helps validate that our software meets the stringent standards for encryption and security mandated by the financial services industry and can be readily deployed with other industry partners across the globe.
Initial data from our first launch in North America indicate a customer take rate of approximately 30% on offerings incorporating Spare Mobile services. Management anticipates similar results for other scheduled launches in Europe and North America as Spare Backup continues an aggressive deployment phase with its current partners.
"We are excited to launch our Spare Mobile offerings with a second financial services industry partner as we begin to see some early sales data that supports our efforts in the warranty and mobile insurance space," commented Cery Perle, CEO of Spare Backup. "Through our private labeled websites we can support multiple launches in a very quick time frame and we intend to diligently work with our partners in North America and other parts of the world to rapidly grow our customer base. We believe we are in the right place at the right time in the mobile space to quickly gain traction and support a very large recurring revenue base for our company to fuel our future growth."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warranty service partners in North America and Europe.
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
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
kevin@nuwagroup.com
Published at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: A third party on behalf of SPBU compensated Investorideas.com for news release publishing and distribution: three thousand five hundred per month and four hundred thousand 144 shares for a six month period
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Tech Stock Investor News Alert; Xyratex (NasdaqGS: XRTX) Moves on Second Quarter Results

New York, NY - July 6, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for data storage technology provider, Xyratex Ltd. (NasdaqGS :XRTX), trading at $13.20, gaining $1.48 or (12.63%) in morning trading. The stock, one of NASDAQ’s top percentage gainers, moved on results for the second fiscal quarter ended May 31, 2012.

Revenues for the second quarter were $322.1 million, a decrease of 4.9% compared to revenues of $338.5 million for the same period last year.
For the second quarter, GAAP net income was $7.0 million, or $0.24 per diluted share, compared to GAAP net loss of $4.6 million, or $0.15 per share, in the same period last year. Non-GAAP net income was $9.3 million, or $0.32 per diluted share, compared to non-GAAP net loss of $1.9 million, or $0.06 per share, in the same quarter a year ago(1).
Gross profit margin in the second quarter was 16.5%, compared to 12.9% in the same period last year and 17.9% in the prior quarter. The increase from last year primarily reflects improved gross margins for HDD Capital Equipment products, which had been impacted by significantly reduced revenue and specific inventory provisions in the prior year.
About Xyratex
Xyratex is a leading provider of data storage technology, including modular solutions for the enterprise data storage industry, and hard disk drive (HDD) capital equipment for the HDD industry. Xyratex enterprise data storage platforms provide a range of advanced, scalable data storage solutions for the Original Equipment Manufacturer and High Performance Computing communities. As the largest capital equipment supplier to the HDD industry, Xyratex enables disk drive manufacturers and their component suppliers to meet today's technology and productivity requirements. Xyratex has over 25 years of experience in research and development relating to disk drives, storage systems and manufacturing process technology.
Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in North America, Asia and Europe.
About Investorideas.com
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Tech Stock Alert: Brightpoint (Nasdaq:CELL) Leads NASDAQ Top Gainers Spiking over 60% on Acquisition News

New York, NY - July 2, 2012 (Investorideas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Brightpoint, Inc. (Nasdaq:CELL), gaining over 60% on acquisition news. The stock is trading at $8.84, up $ 3.43 (63.31%) 12:35PM EDT on over 23 Million shares.

Ingram Micro Inc. (NYSE:IM) and Brightpoint, Inc. (Nasdaq:CELL) announced today they have entered into a definitive agreement under which, subject to customary closing conditions, Ingram Micro will acquire all of the outstanding shares of BrightPoint common stock for $9.00 per share in cash, a 66 percent premium to BrightPoint's closing stock price on June 29, 2012, and a 35 percent premium to the 90-day average trading price. The transaction is valued at approximately $840 million, including the value of approximately $190 million of BrightPoint's estimated debt (net of cash), as of June 30, 2012.
The Company also announced preliminary estimates on certain aspects of its financial results for the quarter ended June 30, 2012.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing device lifecycle services to the wireless and high-tech industries. In 2011, BrightPoint handled more than 112 million wireless devices globally. BrightPoint's 5 key service areas - Plan, Market, Customize, Move, Recover, offer over 110 innovative services, such as distribution channel management, procurement, inventory management, reverse logistics and repair services, software loading, kitting and customized packaging, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers' IT systems and operations. BrightPoint's effective and efficient platform allows its customers to benefit from rapidly deployed, flexible and cost effective solutions. BrightPoint has more than 4,000 employees, as well as a significant number of temporary staff, and a global footprint covering more than 35 countries, including 13 Latin American countries through its investment in Intcomex, Inc. In 2011, BrightPoint generated revenue of $5.2 billion, from customers in over 75 countries. BrightPoint provides distribution and customized services through over 100,000 points-of-sale and to over 25,000 B2B customers worldwide. website at www.BrightPoint.com
About Investorideas.com
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