LONDON and NEW YORK - Beats Google (Gdrive), Microsoft to Market With First Viable Online
Storage Solution

UK-based Livedrive has today announced the launch of its revolutionary
online storage service.

Livedrive allows customers to store all their files - including office
documents, photos, videos and any other type of file online instead of on
their computer’s hard disk. Andrew Michael, CEO, commented:

“60% of people now have more than one computer. With a growing number of
people having more than one device - such as a desktop computer, a netbook
and PDA - it no longer makes sense to store files individually on each
device. People want all their files together in one place that is accessible
from any device.”

Online storage is an industry forecast to grow 500% by 2012 (source:
Gartner). Livedrive acquired over 1 million users during the public beta
programme and offers many benefits over traditional storage:

- Access files from anywhere, on any device - no more e-mailing files to
yourself or using USB sticks;

- Data is stored in carrier grade data centres and backup up - if you
lose your computer you don’t lose your files;

- Work online - Livedrive provides a web portal where users can open,
view and edit most common files, including Microsoft Office documents,
from any computer with an Internet connection; and

- Unlimited storage - Livedrive is the only company offering unlimited
storage, meaning customers will never run out of space.

Unlike other online storage providers, which are purely web-based,
Livedrive offers customers a unique software application that can be
installed on any computer, allowing them to access their Livedrive storage as
a normal drive -just like a USB stick or external hard drive. Andrew Michael
commented:

“If people are going to use online storage, they need to be able to view
their files, create files and save files on their computer, just like they do
with their normal hard drive. We are first to market with a working service
that allows people to do this. Our customers get an ‘L:’ drive where they can
access all their online files directly. Google have been rumoured to be
working on a product called Gdrive for years that does this - our product is
available today.”

Livedrive has been over two years in development. Andrew Michael, CEO and
founder, previously owned Fasthosts Internet Limited, which became the UK’s
leading web-hosting company and was sold to United Internet in 2006 for
$120m. Andrew Michael commented:

“We’ve put all our energy and significant resources behind building a
best-in-class product. I believe online storage is an emerging market and we
are going to see a lot more interest in people storing online over the next
few years, driven by the availability of multiple low cost devices and fast
broadband connections. Livedrive aims to be at the forefront of this
movement.”

Livedrive offers unlimited storage for $129.95 a year and also has a
started account which is limited to 100GB for $55.95 a year. More information
is available on the company’s website at
www.livedrive.com/in/?tid=prnw

Contact: Dominic Cross
Tel +44-207-286-7605
Email: Dominic.cross@livedrive.com

Source: Livedrive

Contact: Dominic Cross, Tel +44-207-286-7605, Email: Dominic.cross at livedrive.com