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Grisoft Appoints New CEO

MILLBURN, N.J. -- GRISOFT, developer of AVG Internet security software, today named J.R. Smith its Chief Executive Officer. J.R.
joins GRISOFT as former co-founder and CEO of British virtual mobile operator Dot Mobile.

Karel Obluk, GRISOFT's CTO, who has been the acting CEO for the past year, will again focus on strategic and technical development in order to enhance and improve AVG antimalware software. "In the last few years AVG GRISOFT has developed from a primarily local purveyor of antivirus software to one of the leading International providers of comprehensive Internet security, protecting some 50 million computers worldwide. This appointment is one of our key steps aiming to strengthen the ranks of senior management with more International experience" said Gabriel Eichler, Chairman of GRISOFT.

"Based on AVG's rapid growth, very solid product offering and strong position in the market I welcomed the opportunity. I am extremely excited about the chance to contribute to the company's continued growth," explains J.R. Smith, CEO of GRISOFT. "Karel Obluk, who has sustained GRISOFT's impressive growth rate over the past year, has set the bar extremely high for me. I am looking forward to working along side the other members of the GRISOFT team to ensure AVG continues to expand its suite of products and market share."

"GRISOFT is growing dramatically and extends its operation into new markets and technological fields, "comments Karel Obluk, CTO of GRISOFT. "To maintain this position and to keep our users satisfied we will have to overcome our competition on many levels in the next few years and I am more than happy to be fully focused on the technical problems, partnerships, and acquisitions."

AVG Technologies CZ s.r.o.