SOURCE: St. Bernard

June 07, 2007 06:00 ET

St. Bernard Secures $4 Million Credit Facility From SVB Silicon Valley Bank

SAN DIEGO, CA--(Marketwire - June 7, 2007) - St. Bernard Software, Inc. (OTCBB: SBSW), a global provider of security and hosted office solutions for small and midsize businesses (SMBs), announced today the completion of a $4 million credit facility with SVB Silicon Valley Bank (NASDAQ: SIVB). The deal consists of a $2 million revolving line of credit and a $2 million term loan that will be used to replace a $1.2 million existing credit facility and provide access to additional working capital to support the company's growth.

"We are pleased with the confidence that SVB Silicon Valley Bank has shown in our growing business," said Vince Rossi, president and CEO of St. Bernard Software. "This new credit facility is an important resource that will be used to support our growth in 2007, and beyond. We have built a strong foundation for growth and are excited about the opportunities that lie ahead for St. Bernard."

"We work hard to provide our technology clients, like St. Bernard, with unique financial solutions to help them achieve their goals," said Derek Brunelle from SVB Silicon Valley Bank's Irvine office. "We look forward to providing the company the financial resources it needs to continue to grow and strengthen its position in the IT solutions market."

St. Bernard focuses on delivering enterprise-grade message security solutions that allow IT professionals to run their business efficiently. St. Bernard's products, iPrism and LivePrism, are specifically designed to be up and running quickly and can be customized to customer's financial, technical and IT resource needs. iPrism, St. Bernard's dedicated Internet filtering appliance, continues to generate significant customer adoption as it grew 55 percent year-over-year in billings in the first quarter of 2007. The company is equally excited about the recent launch of its on-demand messaging security service, LivePrism, which offers hosted email, Web and instant messaging filtering and archiving services designed to meet the needs of small to medium businesses.

About SVB Silicon Valley Bank

SVB Silicon Valley Bank provides commercial banking services to emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, SVB Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and three international operations. SVB Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Alliant, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.

Disclaimer:

SVB Silicon Valley Bank refers to Silicon Valley Bank, the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

About St. Bernard

St. Bernard Software, Inc. (OTCBB: SBSW) is a global provider of comprehensive security and hosted office solutions for small and midsize businesses (SMBs). St. Bernard also provides the SMB market with a broad range of flexible and integrated hosted solutions, including secure content management, messaging continuity and collaboration.

The company's award-winning products deliver innovative security solutions that offer the best combination of ease-of-use, performance and value. Established in 1995 with headquarters in San Diego, CA and international offices in the United Kingdom, Australia and the Netherlands, St. Bernard sells and supports its products directly and through solution partners worldwide. For more information, please visit www.stbernard.com.

©2007 St. Bernard Software, Inc. All rights reserved. The St. Bernard Software logo, LivePrism, iPrism and Open File Manager 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 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, 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. 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.

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