updated 12/9/2010 8:46:52 AM ET 2010-12-09T13:46:52

LOS ANGELES, Dec. 9, 2010 (GLOBE NEWSWIRE) -- CyberDefender Corporation (Nasdaq:CYDE) ("CyberDefender"), 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 expects to file its amended financial reports and regain NASDAQ compliance before December 31, 2010.

"Our entire team is working diligently in the preparation of our filings and we anticipate completing all necessary requirements before year-end to restore NASDAQ compliance and maintain our listing," said CyberDefender Chief Financial Officer, Kevin Harris. "We want to reassure our shareholders that we do not expect the restatements to affect our reported historical revenue or gross sales, or the company's future growth prospects. In fact, we continue to see strong year-over-year sales growth and continue to expect to report improved results once again this quarter."

CyberDefender expects to file its amended annual report on Form 10-K/A for the period ended December 31, 2009 and amended quarterly reports on Form 10-Q/A for the periods ended March 31, 2010 and June 30, 2010, as well as its quarterly report on Form 10-Q for the period ended September 30, 2010, with the United States Securities and Exchange Commission before December 31, 2010.

Upon filing these reports, CyberDefender believes that it will be in compliance with Rule 5250(c)(1) of the Nasdaq Listing Rules for continued listing and will qualify for continued listing on the NASDAQ Stock Market.

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 .

The CyberDefender Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7874

FORWARD LOOKING STATEMENTS

Statements in this public announcement that are not statements of historical or current fact, including CyberDefender's statements regarding the filing of reports with the Securities and Exchange Commission, future compliance with Nasdaq listing requirements, future growth and future business results, 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 find financing as required and whether CyberDefender's revenues will eventually 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/.

CONTACT:  The Bohle Company
          Public Relations:
          Luis Levy
          (310) 785-0515 ext. 204
          Luis@bohle.com
         
          The Piacente Group
          Investor Relations:
          Kristen McNally
          Lee Roth
          (212) 481-2050
          IR@CyberDefender.com
          www.CyberDefenderCorp.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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