Equity investment will go toward CyberDefender advertising, customer service, enhanced ecommerce platform, and hiring of key staff

June 11, 2009

2 Min Read


LOS ANGELES, June 11 /PRNewswire-FirstCall/ -- CyberDefender Corporation (OTC Bulletin Board: CYDE), an award-winning provider of PC security, Antispyware/ Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, announced today it has sold 1,142,860 shares of CyberDefender restricted common stock to GR Match, LLC ("GR Match"), an affiliate of media giant Guthy-Renker and extended until June 1, 2011 the term of the Media and Marketing Services Agreement between CyberDefender and GR Match announced in March of this year. Of the total proceeds from the sale of common stock to GR Match, CyberDefender will use $400,000 for the creation and production by Guthy-Renker of CyberDefender television commercials, and plans to use the balance for a variety of growth related corporate investments including improved customer service, an enhanced ecommerce platform and the hiring of new key staff.

Mr. Gary Guseinov, CEO of CyberDefender stated, "The television ads Guthy-Renker is creating open up a powerful new marketing channel for us which we believe will be a key factor in helping us attain our mid-2010 goal of $10 million to $12 million in profitable monthly sales and a base of at least 1,000,000 paying customers."

Mr. Boris Shimanovsky, President of GR Match, stated, "As reflected in our investment, we are very optimistic about CyberDefender's future outlook." He added, "Development of the TV commercials is well under way and we currently anticipate they will be rolled out nationally by CyberDefender sometime in August."

About CyberDefender Corporation

CyberDefender Corporation believes that its Internet security technology offers the earliest possible detection and most aggressive defense against Internet security attacks. CyberDefender believes that it is the only Internet security software company to combat spyware, viruses, and identity theft using a patent pending secure peer-to-peer collaborative threat protection network (the earlyNETWORK), enabling protection that is unparalleled in speed and flexibility. Products employing the earlyNETWORK include CyberDefender's MyIdentityDefender Toolbar, CyberDefenderFREE V2.0, and CyberDefender Early Detection Center V2.0. All of these products are fully compatible with Microsoft's Vista Operating system and available at http://www.cyberdefender.com/.

About Guthy-Renker

Established in 1988, Guthy-Renker is today one of the world's largest direct response television companies with annual sales of more than $1.8 billion.

Originally launched as a television direct marketer by co-CEOs Bill Guthy and Greg Renker, the independently-owned, vertically-integrated company has since broadened its focus into every area of electronic retailing, making quality products available to U.S. and international consumers through broadcast television, cable and satellite, as well as Internet, telemarketing, direct mail, radio and retail channels.

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