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SANTA MONICA, CALIFORNIA, October 23,
1996 -- CyberMedia, Inc. (NASDAQ/NMS: CYBR) announced today
the initial public offering of 2,500,000 shares of Common
Stock, all of which will be offered by the Company at a price
of $16.00 per share. Hambrecht & Quist LLC is the lead
manager of the underwriting group and Lehman Brothers and
Wessels, Arnold & Henderson, L.L.C are co-managers. In
addition, the Company has granted the underwriters an option
to purchase 375,000 shares to cover over-allotments, if
any.
CyberMedia is a leading provider of automatic service and
support software products for Windows-based personal computer
users. CyberMedia is recognized for its successful First Aid
family of products which has sold over one million units to
date. The Company's First Aid products automatically detect,
diagnose and resolve common software conflicts and
configuration errors encountered in the Windows environment.
The Company's Oil Change product automatically locates,
downloads and installs new updates, patches and drivers over
the Internet. The company's products are based on the
Company's scalable ActiveHelp architecture that allows for
the support of a broad range of PC products and related
problems and enables the Company's products to be regularly
and automatically updated through the Internet.
A copy of the final prospectus may be obtained from the
prospectus departments of Hambrecht & Quist LLC, One Bush
Street, San Francisco, California 94104; Lehman Brothers
American Express Tower, 3 World Financial Center, New York,
New York; or Wessels, Arnold & Henderson, L.L.C., 901
Marquette Avenue, Suite 2700, Minneapolis, MN 55402
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