CyberDefender Announces Additional Financing and Greg Thomas as New CEO
October 05 2011 - 8:00AM
CyberDefender® Corporation (Nasdaq:CYDE), a leading provider of
direct-to-consumer remote technical support services, Internet
security software and utilities, today announced it has secured
$3.45 million in additional financing and reached an agreement in
principle to appoint Greg Thomas as its CEO, effective October 10,
2011, for a twelve month period. These important milestones place
the Company in a strong position to capitalize upon the growing
demand for the Company's software and live tech services.
About CyberDefender
CyberDefender is a leading provider of remote technical support
services, Internet security software and utilities directly to the
consumer market. CyberDefender's team of highly trained technicians
and sales agents provide customers with efficient, round the clock
remote PC repair services. The company markets
antispyware/antivirus software, PC optimization software and online
backup services. By combining remote live technical support and the
aforementioned software products, CyberDefender offers a complete
Internet security solution to consumers.
CyberDefender directly markets its products and services to
consumers through television and radio via its MyCleanPC®,
MaxMySpeed® and DoubleMySpeed® brands. CyberDefender products are
fully compatible with Microsoft Windows® XP, Vista®, and 7
Operating systems. All products are available at
www.cyberdefender.com. Investor relations information is available
at www.cyberdefendercorp.com.
The CyberDefender Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7874
Forward Looking Statements
Statements in this public announcement that are not statements
of historical or current fact, including statements regarding the
implementation of the company's strategic repositioning, the
company's financial position through the end of the year, the
appointment of a chief executive officer, and the company's future
business and financial prospects, constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause
CyberDefender's actual results to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. Factors that could cause
CyberDefender's results to be materially different from the
forward-looking statements include, but are not limited to, whether
CyberDefender will be able to find financing as required and
whether CyberDefender's revenues will eventually exceed its
expenses. The forward-looking statements also are subject generally
to other risks and uncertainties that are described from time to
time in CyberDefender's reports and registration statements filed
with the Securities and Exchange Commission, which are available
for review at http://www.sec.gov/.
CONTACT: Investor Relations:
(213) 689-8631 x 130
IR@CyberDefender.com
IR Site: www.CyberDefenderCorp.com
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