CyberDefender Announces Final Results of Offer to Warrant Holders
LOS ANGELES, Aug. 18 /PRNewswire-FirstCall/ -- CyberDefender (http://www.cyberdefender.com/) (OTC Bulletin Board: CYDE), an award-winning provider of PC security, Antispyware/Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, today announced the final results of its tender offer, which expired at 9:00 p.m., Pacific time, on August 17, 2009. The offer was made to holders of warrants that included certain anti-dilution and cashless exercise provisions. The Company raised a total of $2,081,016 from proceeds received as a result of the exercise of warrants covering 1,838,952 shares of common stock. Fifty-two holders of the warrants which were the subject of the tender offer exercised the warrants in accordance with the terms of the offer and did not withdraw prior to the expiration of the offer. Of the amount raised, we paid a fee to our placement agent, 1st Worldwide Financial Partners, of $72,836.
About CyberDefender Corporation
CyberDefender Corporation, based in Los Angeles, believes that its Internet security technology offers the earliest possible detection and most aggressive defense 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 earlyNETWORK 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 available at http://www.cyberdefender.com. To date, more than 15 million consumers have used CyberDefender products.
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, including, without limitation its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, which are available for review at http://www.sec.gov/.
CONTACTS:
For CyberDefender
Kevin Harris
Chief Financial Officer
CyberDefender
Kevin@cyberdefender.com
Tel: 213-689-8631 X127
Fax: 213-689-8640
Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com
Tel: 212-425-5700
Fax: 646-381-9727
