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HighBank serves as exclusive financial advisor to and placement agent for CyberSpa LLC on a privately arranged growth equity investment

April 9, 2015

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to and placement agent for CyberSpa LLC (“CyberSpa” or the “Company”) on a privately arranged growth equity investment. HighBank also invested directly in the financing.

Terms of the transaction were not disclosed.

CyberSpa, a Baltimore, Maryland based technology company has developed a highly disruptive software and service solution that meaningfully extends the effective life of personal computers running Microsoft operating systems. The Company’s flagship product, FreshStart, was developed to address the growing problems of service, security and performance issues commonly experienced with personal computers that are several years old. Since many owners do not have the expertise necessary to properly maintain their computers nor the financial resources to purchase a new computer every few years, their PC’s performance slowly degrades. FreshStart returns a PC to “better than new condition” at a price point substantially below the cost of a new computer, all without customer data loss.

“The expertise and guidance HighBank provided will be instrumental in our ability to execute on our aggressive but attainable growth strategy" commented CyberSpa’s CEO, Allen Shay. “I look forward to continuing our relationship with HighBank as they have become an invaluable partner to CyberSpa.”

Stephen Gaines, Managing Director, at HighBank stated, “We are very excited to have had the opportunity to partner with Allen and his team. We were attracted to this opportunity both for its compelling economic model and the “feel good” nature of what the Company has built. We believe that CyberSpa’s FreshStart product has the potential to disrupt the entire PC repair industry.”

About CyberSpa LLC

CyberSpa, founded in 2010, is a Baltimore based technology company that licenses and develops automated PC service tools.  The company provides solutions to its business and charitable partners to enable them to deliver best-in-class PC services to their customers.

About HighBank Advisors LLC

HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Philadelphia, Pennsylvania and Raleigh, North Carolina, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time.  For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.