Wednesday, July 05, 2006
GlobalSCAPE Projects Another Record Breaking Quarter
SAN ANTONIO -- GlobalSCAPE (OTCBB:GSCP), a leading developer of secure file transfer solutions, today announced sales estimates for the second quarter of fiscal 2006. The Company said these revenue estimates remain subject to change as the Company completes its quarter and subsequent financial closing process.
Net revenues for the second quarter are expected to be between $2,400,000 and $2,500,000. The Company reported net revenue of $1,819,376 in the second quarter of 2005.
"The second quarter of 2006 will set a new high for GlobalSCAPE as we continue to exceed our revenue plan. The first six months will also set new high marks for revenue and profit. We expect to exceed last year's six-month revenue record of $3.24MM by roughly $1.6MM or almost 50%."
"It will be a pleasure to review our entire financials with interested parties in early August after release of our second quarter results," said Randy Poole, President and CEO. "We expect our total focus on meeting customer needs to continue to drive our growth. We anticipate the release of an Audit and Reporting Module (ARM), by August 1, 2006; this will make the fifth addition to our Enhanced File Transfer (EFT) product line."
GlobalSCAPE provides secure file management software that enables companies to safely send data over the Internet. GlobalSCAPE's products guarantee the privacy of critical information such as the transfer of financial data, medical records, customer files, intellectual property, and other sensitive documents. GlobalSCAPE's file management software ensures compliance with government regulations on protecting information and allows enterprises to reduce IT costs, increase efficiency, track and audit transactions, and automate processes. GlobalSCAPE's products are used by leading technology, banking, healthcare, and public sector organizations and can be customized to fit various customer needs, creating a variety of solutions. In addition, GlobalSCAPE provides content management and website development tools. Founded in 1996, GlobalSCAPE is the developer of CuteFTP, the most popular file transfer protocol application on the market. GlobalSCAPE is headquartered in San Antonio, TX. For more information, please visit http://www.globalscape.com or call GlobalSCAPE toll-free at 800-290-5054 (US) or 210-308-8267 (international).