LOS ANGELES, Oct. 5, 2011 (GLOBE NEWSWIRE) -- 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/.