Friday, September 29, 2000
GlobalSCAPE Names Former Comdisco Executive to CEO Post
SAN ANTONIO, TEXAS - GlobalSCAPE, Inc. today announced
that Tim Nicolaou has been hired as the Chief Executive Officer of
GlobalSCAPE, effective October 16, 2000. Sandra Poole-Christal will
continue in her role as President and Chief Operating Officer. GlobalSCAPE
is a majority-owned Internet software subsidiary of American TeleSource
International, Inc. (AMEX: AI).
Arthur L. Smith, Chairman and CEO of ATSI, stated, “GlobalSCAPE conducted an
extensive search engaging the expertise of Korn/Ferry International, a
leader among senior-level executive search firms, to identify Tim as the
prime candidate to lead the GlobalSCAPE team. Considering the quality of
his industry experience, Tim will play a major role in strengthening
GlobalSCAPE’s competitive position in the Internet software market and the
Mr. Nicolaou has been serving as Vice President, Product Management of the
Web Services Division for Chicago-based Comdisco, Inc. (NYSE: CDO; market
cap of approximately $3 billion). He was responsible for the development and
implementation of the marketing plan for the company’s new services
division, managing product development, product marketing and sales support
functions. Comdisco provides global technology services including
continuity, Web services, network services, and IT Control and
Predictability solutions. The company's revenue for the 12 months ended June
30, 2000 was $3.8 billion. Comdisco serves more than 4,000 customers through
more than 100 locations worldwide, including North America, South America,
Europe and the Asia/Pacific Rim.
Prior to Comdisco, Mr. Nicolaou served as Executive Vice President of Sales
and Marketing for Computer Concepts Corp., (renamed Direct Insite Corp.
trading on Nasdaq Small Cap: DIRI), Vice President of Sales, Industrial
Products Division for United States Data Corporation, and Management
Consultant for Perot Systems (NYSE: PER). He has an MBA from Southern
Methodist University, Edwin L. Cox School of Business Administration and a
BA in Computer Science from the University of Texas.
Sandra Poole-Christal stated, "The addition of Tim as CEO is a milestone
event in the evolution of our Company. The solid experience he brings to
GlobalSCAPE will enhance our ability to successfully accelerate our growth
strategy. We remain focused on introducing innovative new products and
services, delivering strong financial performance and building value for our
Tim Nicolaou commented, "GlobalSCAPE has a solid track record of developing
and delivering quality products to consumers worldwide. Looking ahead, this
Company is well positioned as an innovator in the peer to peer space and to
offer Web services that enhance computing power at the desktop level. This
is an exciting time to be a player in the Internet software industry, and I
am eager to combine my experience with the talented GlobalSCAPE team."
GlobalSCAPE recently filed its initial Form 10Q with the SEC in which it
reported operating results for the three and six-month periods ended June
30, 2000. For the six month period ended June 30, 2000, GlobalSCAPE
reported revenues of approximately $3.0 million, income from operations of
approximately $955,000 and net income of approximately $602,000, or $0.05
per common share outstanding. In addition, ATSI recently completed the
distribution of a portion of its ownership in GlobalSCAPE to the ATSI
shareholders, retaining approximately 70% ownership of GlobalSCAPE.
GlobalSCAPE, Inc. is a leader in the development, marketing, and support of
award winning Internet-based software in a broad array of categories
including client and server applications, Internet utilities and Web site
development tools. GlobalSCAPE is able to provide millions of users with
complementary content and a variety of online services designed to make life
online more enjoyable and productive.
American TeleSource International, Inc. is an emerging international carrier
serving the rapidly expanding niche markets in and between Latin America and
the United States. The Company’s borderless strategy includes the deployment
of a “next generation” network for more efficient and cost effective service
offerings of domestic and international voice and data. ATSI has clear
advantages over the competition through its corporate framework consisting
of unique licenses, interconnection and service agreements, network
footprint and extensive retail distribution.
This news release contains forward looking statements. These statements
describe management's beliefs and expectations about the future. We have
identified forward looking statements by using words such as "expect,"
"believe," and "should." Although we believe our expectations are
reasonable, our operations involve a number of risks and uncertainties, and
these statements may turn out not to be true. More detailed information
about GlobalSCAPE, Inc and American TeleSource International, Inc. is
available in both Companies’ public filings with the Security and Exchange