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).
About GlobalSCAPE
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.
