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Wednesday, February 08, 2012

GlobalSCAPE Announces Appointment of Desiree Smith to Lead Company's Financial Operations

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SAN ANTONIO - GlobalSCAPE, Inc. (NYSE Amex: GSB),a leading developer of secure information exchange solutions, announced today Desiree Smith has been appointed the Company's interim principal financial officer and interim principal accounting officer. She will be responsible for all financial and accounting aspects of the Company and will report directly to Jim Morris, GlobalSCAPE's Chief Executive Officer.

Ms. Smith has more than 25 years of accounting experience, including more than ten years in management positions as a Controller, Assistant Controller, and Accounting Manager specializing in financial reporting and managing both large and small accounting departments. She is a member of the Texas Society of Certified Public Accountants and also is a member of the Society's San Antonio chapter. Ms. Smith has been with GlobalSCAPE since 2009, first as the Company's Assistant Corporate Controller prior to being promoted to Corporate Controller in 2011. Before that Ms. Smith was assistant controller of Kimco Realty Corporation and a Real Estate Accountant with USAA Real Estate Company.

"Desiree has been involved in all facets of our financial operations since joining GlobalSCAPE. Her strong background in financial reporting and her knowledge of our business makes us confident she will effectively oversee and manage our financial and accounting operations as we continue to grow the Company," said Mr. Morris.

Also, as the Company disclosed in a Form 8-K filed with the SEC on February 3, 2012, Mr. Randall Hawkins, GlobalSCAPE's former Chief Financial Officer, notified the Company that he resigned from all positions effective January 30, 2012.

"The company remains in strong financial shape as we move forward into fiscal 2012. We thank Randall for his efforts and wish him well as he pursues new opportunities," said Mr. Morris.

In addition, on February 3, 2012, the company announced that it expects revenue for its fourth fiscal quarter of 2011, ended December 31, 2011, will be approximately $5.3 million, and that revenue for fiscal year 2011 will be record setting at approximately $21 million. GlobalSCAPE will report audited financial results for fiscal 2011 next month.

About GlobalSCAPE
San Antonio, Texas-based GlobalSCAPE, Inc. (NYSE Amex: GSB) is a leading provider of software and services that enable its customers to exchange information quickly, securely, and reliably. Beginning in 1996 with its CuteFTP® software, GlobalSCAPE has been helping businesses and consumers — including 15,000 companies in more than 150 countries—facilitate cost-effective secure information exchange. With its 2011 acquisition of Seattle-based TappIn, Inc., GlobalSCAPE also offers customers the ability to access and share documents, pictures, videos, and music – anytime, from anywhere – easily and securely, without the need for uploading, syncing, or paying for cloud storage. For more information, visit GlobalSCAPE, or subscribe to our Blog or Twitter updates.

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," "anticipates," believe," "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 2010 calendar year, filed with the Securities and Exchange Commission on March 29, 2011.