updated 5/25/2011 8:45:44 AM ET 2011-05-25T12:45:44

LOS ANGELES, May 25, 2011 (GLOBE NEWSWIRE) -- CyberDefender Corporation (Nasdaq:CYDE), a leading provider of remote technical support services and Internet security software and utilities, today announced that its Chief Financial Officer, Kevin Harris, has been selected as the winner of the 2011 TechAmerica Financial Stars of the Year Award in the category of a Public Company with revenues under $50 million. TechAmerica is among the industry's largest trade association and advocacy organizations.

One of only seven financial executives selected to receive an award at the First Annual Financial Stars of the Year Awards ceremony, Mr. Harris was selected from over 40 nominees for his accomplishments and contributions to the Los Angeles financial community and to the success of CyberDefender.

"Kevin Harris, was a standout in the Public Company under $50 million category, based on the successful navigation of his company from survival mode to growth mode and while doing so he oversaw growth in revenue from under $20 million in 2009 to over $45 million in 2010," said Dotty Kaminsky, Director, TechAmerica Los Angeles. "During 2010, he worked with management to get the company's common stock listed on NASDAQ, brought in new auditors and strengthened internal management information systems to allow predictive modeling of the Company's future revenues. Additionally, he migrated the company's funding from hedge fund sources to traditional debt financing and oversaw the accounting, legal, business development and human resource functions. Additionally, he contributed to the effectiveness of the management team through his vision and collaboration," continued Kaminsky.

"TechAmerica was thrilled to see an outpouring of Senior Finance Executive participation in the awards race this year. The quality of contributions in the category of Public Company under $50 Million in particular, made the selection process very difficult," Kaminsky concluded.

"We are all very pleased to see third party validation of Kevin's accomplishments here at CyberDefender and congratulate him on this prestigious award," stated Gary Guseinov, CyberDefender CEO. "We are excited about the company's future growth opportunities, particularly the success of our newly launched online backup product and our strong product pipeline, which includes LiveTech for SMB. We are proud to have Kevin as a part of our team, supporting our efforts as we work to drive growth and profitability. "

Winners were announced at an awards ceremony on May 18, 2011, at the Skirball Cultural Center. For the complete list of winners and other information including photos, please visit the TechAmerica Awards Site: http://www.techamerica.org/financial-stars-awards-ceremony .

Click here for a complete bio for Kevin Harris, or visit the company's corporate website www.cyberdefendercorp.com .

About CyberDefender

CyberDefender is a leading provider of remote technical support services as well as Internet security software and utilities. With 8.6 million active users on its cloud-based collaborative Internet security network and more than 800,000 active paid subscriptions, CyberDefender protects its customers from the rapidly growing number of online threats through its suite of security and optimization software as well as its LiveTech subscription-based remote PC repair service. CyberDefender's team of more than 500 highly trained technicians and sales agents provide customers with efficient, round the clock remote PC repair services. The company develops and markets antispyware/antivirus software, PC optimization software, online backup and identity protection services. By combining remote live technical support and the aforementioned software products, CyberDefender offers a complete Internet security solution to consumers and small businesses.

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

CyberDefender directly markets its products and services to consumers through television and radio via its MyCleanPC, MaxMySpeed and DoubleMySpeed brands.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.

About TechAmerica

TechAmerica is the leading voice for the U.S. technology industry, the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,500 member companies of all sizes from the public and commercial sectors of the economy, it is the industry's largest advocacy organization and is dedicated to helping members' top and bottom lines. It is also the technology industry's only grassroots-to-global advocacy network, with offices in state capitals around the United States, Washington, D.C., Europe (Brussels) and Asia (Beijing). TechAmerica was formed by the merger of AeA (formerly the American Electronics Association), the Cyber Security Industry Alliance (CSIA), the Information Technology Association of America (ITAA) and the Government Electronics & Information Technology Association (GEIA). Learn more at www.techamerica.org

Forward Looking Statements

Statements in this public announcement that are not statements of historical or current fact concerning CyberDefender's future growth and future business and financial prospects constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include statements concerning future growth opportunities and  new products. 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.

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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