AVG Announces Update on Key Search Provider Relationship
Signs a second Extension of Existing Agreement
AMSTERDAM and SAN FRANCISCO, Oct. 31, 2012 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG) today announced that the existing agreement with Google has been temporarily extended.
"We continue to work closely with Google with the goal of signing a mutually beneficial agreement," stated J.R. Smith, Chief Executive Officer of AVG. "Although we continue to make good progress on the terms of the agreement, we have agreed to sign an additional extension to allow time to finalize our negotiations and the subsequent contract documentation and internal approvals."
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Further information on these factors and other risks that may affect the company's business is included in filings AVG makes with the Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 20-F, particularly under the heading "Risk Factors".
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AVG's mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG's powerful yet easy-to-use software and online services put users in control of their Internet experience. By choosing AVG's software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to 128 million active users as of June 30, 2012 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software.
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SOURCE AVG Technologies N.V.