SOURCE: St. Bernard

St. Bernard

August 18, 2009 08:00 ET

St. Bernard Announces Operational Growth in Lagging Economy

Ten Percent Hiring Increase Will Support Local Development Team

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
    Email Contact