Tuesday, April 03, 2007
GlobalSCAPE Projects First Quarter 2007 as Record Breaking
SAN ANTONIO - GlobalSCAPE
a leading developer of secure
file transfer, WAFS, and CDP solutions, today announced sales
estimates for the first quarter of fiscal 2007. 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 first quarter are expected to be between
$3,500,000 and $3,700,000. The Company reported net revenue of
$2,544,000 in the first quarter of 2006 and revenue of $3,510,000 in
the fourth quarter of 2006.
"The first quarter of 2007 will set another new high for GlobalSCAPE
as we continue to exceed our revenue plan," commented Randy Poole,
President and CEO. "We are very close to having our WAFS and CDP
products at the level that is consistent with our Availl
acquisition assumptions. We expect these products to add a new gear
to our growth engine. Overall, we are pleased with our first
quarter performance and feel confident in reiterating our 2007 full
year guidance of revenues in excess of $17.5 million," added Poole.
"I am disappointed that we have not added the large order discussed
earlier, or the AMEX listing yet, but we believe both continue in
process by the relevant parties. I must also add that nothing is
assured until you have it in hand," he noted.
"It will be a pleasure to review our entire financials with
interested parties when we release our 10-Q in early May. We will
host an investor conference call in which we will comment on our
business and outlook and field your questions. More information
on date and instructions will be forthcoming. We also look forward
to discussing our future with many of you here on June 1st at our
annual stockholders meeting," concluded Poole.
GlobalSCAPE is a leading provider of managed and secured file transfer
(EFT), wide area file services (WAFS), and continuous data protection
software (CDP). Virtually all of the Fortune 100 use GlobalSCAPE products
to secure and accelerate their data exchange. GlobalSCAPE's innovative
managed file transfer solution, Enhanced File Transfer (EFT), enables
all types of organizations to speed and automate the secure storage and
movement of their data across the corporate firewall to external entities,
and help them comply with government mandates such as HIPAA, Sarbanes-Oxley,
and GLBA. GlobalSCAPE's Wide Area File Services (WAFS) deliver transparent,
secure file replication that allows companies with branch offices across
large geographic distances to replicate files within the corporate firewall
to provide local file access speeds to each office, while reducing network
utilization and maintaining file coherence and lock semantics. Continuous
Data Protection (CDP) is GlobalSCAPE's real-time, continuous data backup
solution that assures that any information on the network, even on
distributed and remote servers, can be restored from any point in time in
event of data loss. GlobalSCAPE is headquartered in San Antonio, TX.
For more information, please visit
call GlobalSCAPE toll-free at 800-290-5054 (US) or 210-308-8267
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The words "believe," "expect," "should,"
"intend," "estimate," and "projects," variations of such words and similar
expressions identify forward-looking statements, but their absence does
not mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current expectations
and are subject to a number of risks, uncertainties and assumptions. The
Company undertakes no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise. Among
the important factors that could cause actual results to differ
significantly from those expressed or implied by such forward-looking
statements are risks that are detailed in the Company's Annual Report on
Form 10-K/A Number 1 for the 2005 calendar year, filed on May 3, 2006 with
the Securities and Exchange Commission.