SAN DIEGO, CA--(Marketwire - August 18, 2009) -
St.
Bernard Software, Inc. (
OTCBB:
SBSW), a leader in
Web security appliances, today announced a ten percent
hiring increase that will support the transition from international to
local Development efforts on its iPrism Web Filter, and enable the Company
to expedite execution on its product strategy.
Although the current state of the economy has forced many local technology
companies to scale back resources and minimize overhead, St. Bernard is
among the few companies positioned to initiate expansion of its local
employee base by investing in new Engineering talent. This growth will be
focused on supporting the Company's product roadmap, which calls for a
combination of both new technology development and an expanded business
strategy for existing and new markets.
"Despite economic challenges that are having an impact on many local
technology companies, we are poised for growth," said Lou Ryan, CEO of St.
Bernard. "Part of this success can be attributed to our reputation in the
Web filtering market space,
and the fact that our technology continues to be in high demand. St.
Bernard's investment in local Engineering resources further demonstrates
our confidence in our technology roadmap and the future direction of the
Company."
Now with over 5,000 active subscribing customers, St. Bernard recently
announced its second quarter earnings results. Highlights included
-- Generated positive cash flow
-- Produced profit from operations
-- Increased subscription revenues 8%
-- Increased gross profits 9%
-- Increased research and development investment 17%
"We remain confident in our ability to execute effectively throughout 2009
even in the face of a compromised economy," said Ryan. "The combination of
our continued operating performance and our increased investment in local
development efforts will reflect positive results as we begin more
aggressive delivery of product releases through the end of 2009."
For more information regarding
St.
Bernard and its Web filtering solutions, please visit
www.stbernard.com
or call 1-800-782-3762.
About St. Bernard
St. Bernard Software develops and markets Internet security appliances and
services that empower IT professionals to effectively, efficiently and
intelligently manage their enterprise's Internet-based resources.
Originally founded in 1995 as a market-leader in data security with its
flagship product, Open File Manager™, the company is now recognized for
delivering today's #1 Web filtering and security appliance, iPrism®. With
millions of end users worldwide in more than 5,000 enterprises, educational
institutions, SMB, and government agencies, St. Bernard strives to deliver
simple, high performance solutions that offer excellent value to our
customers.
Based in San Diego, California, St. Bernard (
OTCBB:
SBSW) markets its
solutions through a network of value added resellers, distributors, system
integrators, OEM partners and directly to end users. For more information
about St. Bernard Software, visit
www.stbernard.com.
©2009 St. Bernard Software Inc. All rights reserved. The St. Bernard
Software logo, LivePrism, iPrism, and iGuard are trademarks of St. Bernard
Software Inc. All other trademarks and registered trademarks are hereby
acknowledged.
This press release may contain forward-looking statements that involve
risks and uncertainties, as well as assumptions that, if they prove
incorrect, could cause our results to differ materially from those
expressed or implied by such forward-looking statements. All statements
other than statements of historical fact are statements that could be
deemed forward-looking statements, including, among other things, any
projections of earnings, revenues (including where the underlying contract
has already been signed), or other financial items; any statements of the
plans, strategies, and objectives of management for future operations; any
statements concerning proposed new products, services, or developments; any
statements regarding future economic conditions or performance; statements
of belief and any statement of assumptions underlying any of the foregoing.
The risks, uncertainties and assumptions referred to above include, among
other things, performance of contracts by customers and partners; employee
management issues; the timely development, production and acceptance of
products and services and their feature sets; the challenge of managing
asset levels, including inventory; the flow of products into third-party
distribution channels; and the difficulty of keeping expense growth at
modest levels while increasing revenues. Announcements of contract awards
should not be interpreted as reflecting revenue in any particular period
and may relate to revenue recorded in prior periods. These and other risks
and factors that could cause events or our results to differ from those
expressed or implied by such forward-looking statements are described in
our most recent annual report on Form 10-KSB, as well as other subsequent
filings with the Securities and Exchange Commission. We assume no
obligation and do not intend to update these forward-looking statements.
Contact Information: Media contact:
Lorrie Hunsaker
St. Bernard
(858) 524-2041