Attached files
| file | filename |
|---|---|
| 8-K - CYBERDEFENDER CORP | v205030_8k.htm |
| EX-99.4 - CYBERDEFENDER CORP | v205030_ex99-4.htm |
| EX-99.3 - CYBERDEFENDER CORP | v205030_ex99-3.htm |
| EX-99.6 - CYBERDEFENDER CORP | v205030_ex99-6.htm |
| EX-99.1 - CYBERDEFENDER CORP | v205030_ex99-1.htm |
| EX-99.5 - CYBERDEFENDER CORP | v205030_ex99-5.htm |
| EX-99.2 - CYBERDEFENDER CORP | v205030_ex99-2.htm |
CyberDefender Secures $5 Million Line of Credit with
Guthy-Renker Affiliate GR Match
Media and
Marketing Services
Agreement Extended to December 31, 2013
Los Angeles – December 13, 2010 -- CyberDefender
Corporation (NASDAQ:
CYDE), a provider of Internet security
software, utilities and remote technical support services that work together to maximize online
safety for consumers, today announced that it has secured a $5 million revolving
credit loan facility with GR Match, LLC (GRM), an affiliate of Guthy-Renker LLC,
one of the largest and most respected direct response marketing companies in the
world.
“Utilizing a credit facility provides the
Company with greater flexibility as we continue to grow and expand our direct
response marketing efforts,” said Gary Guseinov, CyberDefender Chief
Executive Officer. “GRM’s extension of our marketing services agreement and
this additional credit demonstrate their confidence in CyberDefender’s business and strong future growth
prospects. Sales of our software and service products continue to increase as a
direct result of our successful offline marketing program, and with a
number of exciting new products in the pipeline set to launch in the first
quarter of 2011, we are excited about the company’s opportunities heading into the new
year.”
Under the terms of the agreement, funds
advanced to CyberDefender
by GRM will be used for the payment of amounts owed to GRM under the Media and
Marketing Services Agreement between CyberDefender and GRM. Interest
will accrue on the outstanding principal amount at a rate of 10% per
annum.
Additionally, in connection with the credit facility, the term of Media and Marketing Services Agreement between CyberDefender and
GRM has been extended to December 31,
2013.
About CyberDefender
CyberDefender is a provider of Internet
security software, utilities and remote technical support services that work together to
ensure maximum safety for consumers in a digital world. The company develops and
markets antispyware/antivirus software and a remote, live technical support service. In addition,
CyberDefender offers
identity protection and computer optimization services. With millions of
active users on its cloud
based collaborative Internet security network, CyberDefender leverages the
power of community to protect its customers from the rapidly growing number
of new online threats every
year. 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.
FORWARD LOOKING
STATEMENTS
Statements in this public announcement
that are not statements of historical or current fact, including CyberDefender's
statements
regarding future growth and
sales prospects, future products, and future financial performance and
business 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
secure financing as required and whether
CyberDefender's revenues eventually will 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/.
Contacts
Public Relations:
The Bohle Company
Luis Levy
(310) 785-0515 ext.
204
Luis@bohle.com
Investor Relations:
The Piacente Group Kristen McNallyLee
Roth(212) 481-2050IR@CyberDefender.comIR Site:
www.CyberDefenderCorp.com