Thursday, July 24, 2008
GlobalSCAPE, Inc.'s Chief Financial Officer Resigns
SAN ANTONIO -- GlobalSCAPE, Inc. (AMEX:GSB),
a leading developer of file centric software for the Internet, announced today that
its Chief Financial Officer and Interim President, Kelly E. Simmons, has tendered
his resignation to become effective July 30, 2008. Mr. Simmons is leaving GlobalSCAPE
to accept a position with another company. Tom Brown, GlobalSCAPE’s Chairman of
the Board, stated that the company greatly appreciates Mr. Simmons' contribution
both as CFO and Interim President and wishes him much success in his new endeavors.
David Mann, a member of GlobalSCAPE's board of directors since 2002 and the holder
of approximately 11% of the Company’s stock, will act as President until the company
completes its previously announced search for a permanent CEO. GlobalSCAPE anticipates
that this process will be completed in the near future.
In addition, the Company announced that its quarterly conference call which had
been scheduled for 4:00 p.m. (CDT) on July 29, 2008 has been rescheduled for August
14, 2008 at 4:00 p.m. (CDT).
GlobalSCAPE, a provider of Global Managed File Transfer (MFT) solutions and wide-area
file services (WAFS) technologies, delivers a modular approach to solving the enterprise
challenges of security, bandwidth, latency and regulatory compliance. GlobalSCAPE’s
products securely and efficiently move files such as financial data, medical records,
customer files, intellectual property, and other sensitive documents of any size
between supply chain partners and branch offices. GlobalSCAPE’s products are used
by mid-sized and large enterprise companies, including virtually all of the Fortune
500 companies, leading technology, banking, healthcare, and public sector organizations.
Headquartered in San Antonio, TX, GlobalSCAPE is also the developer of CuteFTP,
the most popular file transfer protocol application on the market with over 100
million downloads since 1996. For more information on our risk-free purchase options,
visit www.globalscape.com or call 800-290-5054
(US) or 210-308-8267 (international).
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 "would," "exceed," "should," "steady,"
"dramatic," and 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 for the 2007 calendar year,
filed on March 26, 2008 with the Securities and Exchange Commission.