Former Executives from Symantec™ and NutriSystem® Join CyberDefender Board of Directors
Bain Brings Three Decades of Senior Level Financial Executive Experience in the Technology Sector
Connerty Brings 25 Years of Experience in Direct Marketing for High Growth
Consumer Products
LOS ANGELES – June 3, 2010 -- CyberDefender Corporation (OTCBB: CYDE), an award-winning provider of PC security, Antispyware/Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, today announced the appointment of two new independent directors to its board. Howard Bain III, the former CFO of Symantec (NASDAQ: SYMC) and Portal Software (subsequently acquired by Oracle) and Tom Connerty, former Chief Marketing Officer of NutriSystem® (NASDAQ: NTRI) have joined the board of directors, effective immediately.
“We are fortunate to add Tom and Howard to our board of directors, as each have stellar track records of creating value for shareholders and building businesses that are at the forefront of their industries,” said Gary Guseinov, CyberDefender CEO. “Howard’s experience at Symantec will be very valuable to us as we work to extend our market share in the cyber security market. We look forward to working with Howard and gaining his insight and perspective. We’re honored to have Tom on the CyberDefender team and are confident his vast direct marketing expertise will be instrumental in helping the company further capitalize on our growing market opportunities including our upcoming international expansion and new product offerings for small businesses,“ Guseinov concluded.
Howard Bain III, age 64 has served as chief financial officer or senior financial executive of five public high technology companies during more than three decades in Silicon Valley. Most recently, he was CFO of Portal Software, a developer of customer revenue management software for communications and content service providers. Prior to joining Portal, Mr. Bain held CFO positions at Vicinity Corporation, Informix, and Symantec Corporation. He has also held senior financial and accounting management positions with Fairchild Camera & Instrument Corporation and as a consultant with Arthur Andersen LLP, where he was a certified public accountant. He currently serves on the Board of Directors of Nanometrics, Inc., Learning Tree International, Force 10 Networks and PGP Corporation. He holds a B.S. in Business from California Polytechnic University.
Connerty, age 47, formerly held the position of executive vice president of program development and chief marketing officer of NutriSystem. Connerty joined NutriSystem in November 2004 and was instrumental in successfully creating and implementing an innovative direct marketing program, which contributed to NutriSystem's rapid growth. In three short years, NutriSystem’s annual revenues jumped from $38 million to over $775 million. During his tenure, NutriSystem was named by Forbes, Business Week andFortune as one of the fastest growing companies in America. Prior to his positions at NutriSystem, he was with the Nautilus Group where he was Vice President of Direct Marketing and instrumental in building the Bowflex division into a leader in the home fitness market, growing revenues from $160 million to over $500 million in just four years. Prior to Nautilus, he served as the Vice President of Broadcast for the Home Shopping Network where he managed advertising, programming and operations for two of the company's shopping channels that generated more than $1 billion in annual sales. Over the span of his career he has worked on thousands of direct marketing campaigns and over a thousand commercials and infomercials.
Connerty earned a Masters in Business Administration in marketing from the Robert H. Smith School of Business at the University of Maryiand and his BA from the Catholic University of America.
Based in Los Angeles, California, CyberDefender Corporation (CYDE) is a provider of Internet security technology for the consumer market. With more than 6 million active users of its proprietary patent pending Collaborative Internet Security Network (or the earlyNETWORK), CyberDefender is an industry leader. CyberDefender’s earlyNETWORK is designed to address the “zero hour gap,” which effectively reduces the risks associated with new and emerging Internet threats. By utilizing a proprietary secure peer-to-peer network, CyberDefender delivers protection to the end user faster than the traditional client-server or cloud methods. CyberDefender develops and markets PC desktop security utilities in the following categories: antispyware, antivirus, and PC optimization. In addition, CyberDefender offers the following services: identity protection and remote PC repair and optimization services. CyberDefender products are fully compatible with Microsoft's XP, Vista, and 7 Operating systems and are available at http://www.cyberdefender.com./
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