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CyberDefender 2008 Sales More Than Doubled Compared With Prior Year as Sales Increased Quarter by Quarter; Monthly New Licensed Customers Grew More Than 2300% From January Through Year End

Posted on: Wednesday, 1 April 2009, 13:33 CDT

In Fourth Quarter Of 2008 Sales And Customer Licenses Grew 45% Compared With The Third Quarter

Internet Security Provider Believes That New Emerging Threats Such As Conficker Worm Will Continue To Drive Demand For Innovative Technology

LOS ANGELES, April 1 /PRNewswire-FirstCall/ -- CyberDefender Corporation, (OTC Bulletin Board: CYDE), a provider of award-winning PC security and identity theft prevention solutions, today announced a significant increase in full year and fourth quarter results for the period ended December 31, 2008.

According to the Company, sales increases were generated quarter over quarter during the year, and led to a more than doubling of year over year sales from $2,220,154 in 2007 to $4,887,759 in 2008.

Additionally, monthly new customer licensed acquisitions for 2008 grew 2300% from the start of the year through the end of December. The Company believes that a large percentage of these new customers will renew their subscriptions in 2009.

In the fourth quarter of 2008, cash receipts from the sale of new licenses increased to $3,600,451 from $2,506,534 in the third quarter and $981,545 in the second quarter of 2008. Newly licensed customers and sales in the fourth quarter grew 45% as compared with the third quarter of the year.

$6 Million Increase In Advertising Expenditures

The Company said that during the year, as a further significant step in its development, advertising expenditures grew from just over $600,000 to more than $7 million, which was the key factor in widening the Company's year over year loss from $5,866,123 in 2007 to $11,251,772 last year. The Company expects that advertising expenditures will increase during 2009.

Further Growth Gains This Year Unaffected By the Economy

Commenting on these results, Mr. Gary Guseinov, CEO of CyberDefender stated, "We were very pleased with the quarter by quarter growth experienced throughout the year. We believe that these results show that we have a product that is increasingly being recognized as a simple and effective way to combat and provide early detection against internet threats, including new emerging threats such as the recent Conficker Worm."

"In our final quarter of 2008," he added, "we experienced a significant increase in new users and paying customers. We believe that our financial strength will increase during 2009, as we intend to be even more aggressive in our marketing efforts to build further on our success in 2008. Our belief is very strong that we will continue to grow, even in this difficult economy."

About CyberDefender Corporation

CyberDefender Corporation (OTCBB: CYDE) 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/.

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact, such as the Company's expectation of increases to its customer base and subscription revenue, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company'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 the Company's results to be materially different from the forward-looking statements include whether the Company will be able to find financing when and as it needs it and whether the Company'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 the Company's reports and registration statements filed with the Securities and Exchange Commission , including its Annual Report on Form 10-K for the year ended December 31, 2008, which are available for review at www.sec.gov.

SOURCE CyberDefender Corporation

Source: PR Newswire

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