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CyberDefender Expands Senior Management Team; Hires Seasoned Marketer Steven R. Okun as Senior Vice President of Marketing

Posted on: Monday, 8 June 2009, 05:45 CDT

Aims At Achieving Mid 2010 Goal of $10 Million to $12 Million In Profitable Monthly Sales and One Million+ Paying Customers Base

LOS ANGELES, June 8 /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 the hiring of Mr. Steven R. Okun as Senior Vice President of Marketing, a new position at CyberDefender. Mr. Okun will report to the CEO and the Board of Directors.

Focused On Rapidly Building Customer Base

Mr. Gary Guseinov, CEO of CyberDefender, commented, "We believe that Steve will bring new strength and experience to the CyberDefender management team with his long track record of success in online and offline sales. As we pursue our growth strategy of investing into scale, we increasingly have been allocating budget to new marketing channels such as television, radio and retail in addition to online advertising. We believe that Steve's proven success will further fuel our efforts to achieve key goals which include driving sales to $10 million to $12 million per month by mid next year while building a profitable base of 1 million+ customers."

"Taking on this new position, I'm extremely impressed by the high percentage of customers CyberDefender has been able to retain as repeat customers, obviously reflecting a significant degree of customer satisfaction," Mr. Okun stated. He added, "Going forward this clearly is something we intend to continue to build on while also focusing on greatly expanding the number of profitable new CyberDefender customers. I believe that CyberDefender's growth and profitability goals are realistic and achievable."

Successful Career

Mr. Okun, 45, joins CyberDefender from LeadPoint, Inc., where he was in charge of the company's customer acquisition efforts as their Vice President of Sales and Business Development. As a founding member of their senior management team, he was instrumental in delivering record level year-over-year revenue growth during the last four years.

Mr. Okun also held the position of Vice President of Global Sales at Commission Junction, the largest pay-for-performance affiliate network, where he was responsible for leading the growth of the company's U.S. and International sales and account management teams. He served as a member of the Executive Committee before the Company was sold to ValueClick.

Earlier in his career, Mr. Okun served in senior management roles at several Internet-related B2C software technology companies including Success Learning Systems, a Web-based training and educational products company that he founded and led as President.

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/.

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/.

CONTACTS: 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

SOURCE CyberDefender

Source: PR Newswire

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