Windows Backup Wbadmin error when backup to network share folder.

H,

I'm try to create a windows backup to backup current system to other network share folder but it fail when i run below this command

WBADMIN START BACKUP -backupTarget:\\server01\backup\monday: -include:E:-noVerify >> C:\mydailybackupLog.txt

Here is the error message get from backup log when run the wbadmin command.

The specified file name in the file spec is invalid.
wbadmin 1.0 - Backup command-line tool
(C) Copyright 2004 Microsoft Corp.

Retrieving volume information...
This will back up volume New Volume(E:) to \\server01\backup\monday:.
Do you want to start the backup operation?
[Y] Yes [N] No Y

ERROR - The specified backup location could not be found or is not a
supported backup storage location.

Any help will be appreciated.