CyberDefender Corporation (fka CYDEQ)

[GuruTrader]

CyberDefender Announces Customer Acquisition Milestone; On Track to Reach Cash Flow Positive in Q4 2009


Press Release
Source: CyberDefender Corporation
On 7:30 am EDT, Tuesday October 27, 2009
Buzz up! 0 Print.Companies:Cyberdefender Corporation
LOS ANGELES--(BUSINESS WIRE)--CyberDefender Corporation (OTCBB: CYDE), an award-winning provider of PC security, Antispyware/Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, today announced it has reached a record 350,000 paying subscribers and has generated an average of two million user downloads per month since April 2009. Based on the growing number of paying subscribers, the company believes it is tracking to expectations to reach cash flow positive by the end of the fourth quarter 2009.

Related Quotes
Symbol Price Change
CYDE.OB 3.20 0.00


{"s" : "cyde.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} “By executing on our growth plan, while scaling our operations to match demand, we believe we are in a position to be cash flow positive by the end of 2009,” said CyberDefender CFO Kevin Harris. “We are pleased with the growth of our customer base, and believe this rapid growth validates the value of our product and the efficacy of our multi-channel marketing strategy.”

Through a global peer-to-peer network, CyberDefender’s continuous cycle of technology innovation and minute-by-minute monitoring of global threats fuels the growth of new subscribers. As a result, the company reported 400 percent annual revenue growth from the end of the second quarter 2008 to the end of the second quarter 2009, and the second quarter 2009 was the company’s sixth consecutive quarter of growth. Additionally, the company has strong renewal rates at over 40% and growing.

“By leveraging a number of new partnerships and distribution channels, we are working aggressively to continue to grow the number of paying subscribers to one million, increase our renewal rates and drive up average revenue per customer. We believe we are taking all the right steps to achieve our longer-term goal of reaching profitability,” Harris concluded.

About CyberDefender Corporation

CyberDefender Corporation is a leading provider of Internet security technology, specializing in state-of-the-art early detection and aggressive defenses against Internet security attacks. CyberDefender uses a patent pending secure peer-to-peer collaborative threat protection network (the earlyNETWORK), to combat spyware, viruses and identity theft. Products employing the company’s earlyNETWORK technology include CyberDefender Early Detection Center and MyIdentityDefender. CyberDefender also offers PC optimization utilities and Live Premium Technical Support services. CyberDefender products are fully compatible with Microsoft's Vista Operating system and are available at http://www.cyberdefender.com. To date, more than 15 million consumers have used CyberDefender products. CyberDefender is headquartered in Los Angeles, CA.

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact, such as CyberDefender's expectation of future revenue growth and profitability, constitute "forward-looking statements." 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 whether CyberDefender will be able to find financing when and as it needs it and whether CyberDefender's revenues will eventually exceed its expenses. The forward-looking statements contained herein are also 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:
Caye PartnersMarie Dagresto, 310-571-8205 [e-mail]