updated 3/10/2011 8:45:41 AM ET 2011-03-10T13:45:41

LOS ANGELES, March 10, 2011 (GLOBE NEWSWIRE) -- 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 the company has expanded its portfolio with the introduction of a new cloud-based storage and online backup service. The robust, user-friendly platform will be offered stand-alone and bundled with CyberDefender's software and solutions.

"Online backup provides a recurring revenue stream that is a natural extension for our business, our growing portfolio of security software and our LiveTech remote technical support services," said Sarah Hicks, SVP Product Development, CyberDefender. "Consumers understand the value of backing up their data, but don't always have the technical skills or understanding of how to deal with installation, implementation or potential conflicts. When used in tandem with a subscription to LiveTech they'll have a technician available to help them anytime day or night with custom configuration, or any other hurdles."

According to research firm Parks Associates, the market for online storage is expected to exceed $4.4 billion by 2014, driven by growth in both the consumer and business markets.

CyberDefender will offer multiple packages, covering up to three machines, with capacity ranging from 25 – 500 GB and monthly subscription rates starting at $9.99. Subscribers will have access to their secure online vaults through both a client desktop or web-based portal, allowing access to the cloud-based storage platform from anywhere, at any time.

"The need for reliable backup solutions is growing at an incredible rate as few computer users employ adequate local or cloud-based backup solutions to ensure that their files are recoverable in the event of a security breach, user error, drive failure or other device malfunction," Hicks said. "Unlike local backup, which cannot safeguard data against theft, natural disasters, fire, etc., we believe that cloud-based solutions such as ours are the safest, most cost-effective means to securely store, protect and access critical data for consumers and small businesses alike. And with the increasing number of hard drives failing each year, this recurring revenue business segment is a natural complement to our strong and growing LiveTech service." 

CyberDefender plans to market Online Backup to consumers, including the company's current base of over 800,000 security software and LiveTech subscribers. The company plans to roll the service out to potential customers in the small and medium business market later in 2011.

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 .

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 future growth and future business and financial 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/ .

Investor relations information is available at www.cyberdefendercorp.com .

CONTACT: Public Relations:
         The Bohle Company
         Luis Levy
         (310) 785-0515 ext. 204
         Investor Relations:
         The Piacente Group
         Brandi Floberg
         Lee Roth
         (212) 481-2050
         IR Site: www.CyberDefenderCorp.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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