STAMFORD, Conn., June 30, 2006 (PRIMEZONE) -- Enigma Software Group, Inc. (OTCBB:ENGM) (the "Company"), a diversified technology and services company that creates and develops Internet Privacy Protection and Computer Security Software and Applications for Internet users, today announced that it has entered into a $1,000,000 financing with Dutchess Private Equities Fund.
"Our recent experience with Dutchess Private Equity Fund has been quite impressive, and we are looking forward to our business relationship with them," said Colorado Stark, Executive Chairman of Enigma. "This financing, along with our recent restructuring of the Company should resolve our liquidity crisis in the near term."
For a better understanding of Enigma's business and this debenture transaction with Dutchess Private Equity Fund, the reader is urged to review the Company's public filings, which are available online at http://www.sec.gov.
About Enigma Software Group, Inc.
Enigma develops and markets digital products and services for the consumer market. Enigma is known mostly for its Anti Spyware software product SpyHunter. SpyHunter is distributed exclusively over the Internet by download. Enigma owns and operates several websites, including the Spyware reference sites www.spywareremove.com, www.anti-spyware-101.com, www.2-freespywareremoval.com, www.uninstall-spyware.com, and more. Enigma Software operates within the United States with a worldwide customer base.
About Dutchess Private Equities Fund
Through Dutchess Private Equities Funds I and II, we manage portfolios of private investments in public equities ("PIPEs"). Although many of our investments are passive in nature, we provide a wide range of advisory services to assist our client companies long after the initial infusion of capital. Founded in 1996, Dutchess has since transacted in excess of $1 billion in financings for public companies.
This release contains forward-looking statements relating to the development of Enigma Software Group, Inc.'s products and services and future operating results, including statements regarding Enigma Software Group's software, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Enigma Software Group Inc.'s actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Enigma Software Group, Inc. undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.