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Globalscape Inc

Globalscape Inc (GSB)

9.48
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Closed March 29 04:00PM
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9.48
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GSB Latest News

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GSB Discussion

View Posts
whytestocks whytestocks 4 years ago
News: $GSB (GSB) Alert: Johnson Fistel Investigates Proposed Sale of GlobalSCAPE; Is $9.50 a Fair Price?

SAN DIEGO , July 21, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of GlobalSCAPE, Inc. ("GlobalSCAPE" or the "Company")(NYSE: GSB) breached their fiduciary duties in connection with the proposed sale...

Read the whole news GSB - (GSB) Alert: Johnson Fistel Investigates Proposed Sale of GlobalSCAPE; Is $9.50 a Fair Price?
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whytestocks whytestocks 4 years ago
News: $GSB SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of GlobalSCAPE, Inc. (NYSE - GSB)

BALA CYNWYD, PA / ACCESSWIRE / July 20, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GlobalSCAPE, Inc. ("GlobalSCAPE" or the "Company")(NYSE:GSB) for possible breaches of fiduciary duty and other violation...

Find out more GSB - SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of GlobalSCAPE, Inc. (NYSE - GSB)
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whytestocks whytestocks 4 years ago
News: $GSB Globalscape Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of Globalscape, Inc. Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm

NEW YORK , July 20, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of GlobalSCAPE, Inc. (NYSE: GSB) to HelpSystems, LLC for $9.50 per share is fair to GlobalSCAPE shareholders. On behalf of GlobalSCAPE shareholders, ...

Got this from GSB - Globalscape Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of Globalscape, Inc. Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm
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whytestocks whytestocks 4 years ago
News: $GSB GlobalSCAPE and HelpSystems Sign Merger Agreement

SAN ANTONIO , July 20, 2020 /PRNewswire/ --  GlobalSCAPE , Inc. (NYSE American: GSB), and HelpSystems, LLC today jointly announced they have signed a definitive merger agreement under which HelpSystems will acquire all outstanding shares of GlobalSCAPE for $9.50 per share in cash. ...

Find out more GSB - GlobalSCAPE and HelpSystems Sign Merger Agreement
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Magnum7419 Magnum7419 4 years ago
Greg Newman please call///////////
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whytestocks whytestocks 4 years ago
News: $GSB GlobalSCAPE Announces $55 Million Credit Facility, Special Cash Dividend and $5 Million Stock Repurchase Authorization

SAN ANTONIO , Nov. 18, 2019 /PRNewswire/ --  GlobalSCAPE, Inc.  (NYSE American: GSB) (the "Company"), a worldwide leader in the secure movement and integration of data, today announced it has entered into a five-year, $55 million senior secured credit facility with a syndicate...

Read the whole news GSB - GlobalSCAPE Announces $55 Million Credit Facility, Special Cash Dividend and $5 Million Stock Repurchase Authorization
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stocktrademan stocktrademan 5 years ago
GSB buy 8.790

had good earnings recently



normal chart







log chart






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Magnum7419 Magnum7419 6 years ago
Just received notice GSB wants to buy my shares at 4 -4.50 a share :)

No bad considering I got my shares free from a spin off.....
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Couch Potato Couch Potato 7 years ago
Something is up with that spike at the end of the day
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Xzibit Xzibit 8 years ago
Good 1st Quarter = Spike in PPS
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kjg kjg 9 years ago
latest encarnation is DTGIQ. don't think they are trading any more.
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dneighnay dneighnay 9 years ago
what is the symbol for the company that broke away from Globalscape?
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Couch Potato Couch Potato 9 years ago
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free_bee free_bee 10 years ago
GSB will do much better in the upcoming quarters with their new employees completing current/new projects, IMO.
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starbuxsux starbuxsux 10 years ago
Globalscape(R) Announces Financial Results for the First Quarter 2014

4:05 PM ET 5/13/14 | Dow Jones

Globalscape(R) Announces Financial Results for the First Quarter 2014 Results in Line with Expectations During Period of Organization and Program Enhancements

SAN ANTONIO--(BUSINESS WIRE)--May 13, 2014--

GlobalSCAPE, Inc. (NYSE MKT: GSB), a leading developer of secure information exchange solutions, today announced its financial results for the three month period ended March 31, 2014.

Revenue for the three months ended March 31, 2014, was $5.7 million compared to revenue of $5.9 million for the three months ended March 31, 2013.

The Company's deferred revenue, which the Company believes can be an indicator of future revenue trends, was $10.7 million at March 31, 2014, compared to $9.8 million at March 31, 2013, a 9% increase.

For the three months ended March 31, 2014, the Company had net income of $534,000 or $0.03 per share, compared to a net income of $517,000, or $0.03 per share, for the three months ended March 31, 2013.

Adjusted EBITDA Excluding Infrequent Items was $1 million for the three months ended March 31, 2014, compared to $1.2 million for the three months ended March 31, 2013. Adjusted EBITDA Excluding Infrequent Items is not a measure of financial performance under GAAP and has limitations as an analytical tool and when assessing the Company's operating performance. Adjusted EBITDA Excluding Infrequent Items should not be considered in isolation or as a substitute for net income or other income statement data prepared in accordance with GAAP.

Cash and cash equivalents were $10.7 million at March 31, 2014, up from $9.5 million at December 31, 2013.

"Our bottom line performance in the first quarter was solid with earnings per share and positive Adjusted EBITDA essentially matching the year ago period in spite of slightly weaker revenue. In addition, our cash balances at the end of the first quarter grew by about $1.2 million from the end of the prior quarter," said James Bindseil, President and Chief Executive Officer of Globalscape. "During the fourth quarter of 2013, we began making several improvements to our sales and engineering organizations, sales and marketing programs and product development initiatives and timelines designed to drive long-term revenue growth. We are confident the sales leadership we have in place, the enhanced sales and marketing programs they are pursuing, and the new product features and functionality we will introduce during 2014 will deliver improved financial results in future quarters."

Conference Call May 13, 2014 at 4:30 p.m. ET

Globalscape management will hold a conference call Tuesday, May 13, 2014 to discuss financial results for the first quarter of 2014 and other corporate matters at 4:30 p.m. Eastern Time/3:30 p.m. Central Time. Those wanting to join should dial 1-877-941-4775 and use Conference ID # 4682884. A live webcast of the conference call will also be available in the investor relations page of the company's website at www.Globalscape.com. A webcast replay of the conference call will be available on the Company's website through June 13, 2014.

About Globalscape

San Antonio, Texas-based GlobalSCAPE, Inc. (NYSE MKT: GSB) ensures the reliability of mission-critical operations by securing sensitive data and intellectual property. Globalscape's suite of solutions features EFT, the industry-leading enterprise file transfer solution that delivers military-grade security and a customizable platform for achieving best-in-class control and visibility of data in motion or at rest, across multiple locations. Founded in 1996, Globalscape is a leading enterprise solution provider of secure information exchange software and services to thousands of customers, including global enterprises, governments, and small businesses. For more information, visit www.globalscape.com or follow the blog and 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 2013 calendar year, filed with the Securities and Exchange Commission on March 27, 2014.



Summary Financial Data

GlobalSCAPE, Inc.

Statements of Operations

(Unaudited)

(In thousands, except per

share amounts)

Three months ended March 31,

--------------------------------------

2014 2013

------------------- -----------------

Operating Revenues:

Software license $ 1,545 $ 1,957

Maintenance and support 3,568 3,283

Professional services 237 399

Others 378 240

----------- ----------

Total Revenues 5,728 5,879

Operating Expenses:

Cost of revenues 204 263

Selling, general and

administrative 4,049 3,850

Research and development 527 762

Depreciation and

amortization 141 257

----------- ----------

Total operating expenses 4,921 5,132

----------- ----------

Income from operations 807 747

Other expense, net (20) (47)

----------- ----------

Income before income taxes 787 700

Income tax expense 253 183

----------- ----------

Net income $ 534 $ 517

=========== ==========

Comprehensive income $ 534 $ 517

=========== ==========

Net income per common share -

basic $ 0.03 $ 0.03

Net income per common share -

diluted $ 0.03 $ 0.03

Average shares outstanding:

Basic 19,534 18,444

Diluted 20,394 18,982





GlobalSCAPE, Inc.

Balance Sheets

(Unaudited)

(In thousands except per share

amounts)

March 31, December 31,

2014 2013

----------- ----------------

Assets

Current assets:

Cash and cash equivalents $ 10,687 $ 9,455

Accounts receivable (net of allowance

for doubtful accounts of $257 and

$154 in 2014 and 2013,

respectively) 3,406 3,765

Income tax receivable 97 113

Current deferred tax assets 109 184

Prepaid expenses 274 349

------ ---------

Total current assets 14,573 13,866

Fixed assets, net 734 744

Investment in certificate of deposit 3,138 3,122

Capitalized software development

costs, net 1,711 1,028

Goodwill 12,712 12,712

Deferred tax asset 1,137 1,476

Other assets 144 144

------ ---------

Total assets $ 34,149 $ 33,092

====== =========

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ 693 $ 655

Accrued expenses 940 898

Deferred revenue 8,718 9,092

Income taxes payable - -

TappIn earn out, current portion - -

Long term debt, current portion 1,298 1,397

------ ---------

Total current liabilities 11,649 12,042

Deferred revenue, non-current portion 1,998 1,708

TappIn earn out, non-current

portion - -

Long-term debt, non-current portion 2,747 2,989

Other long term liabilities 56 60

Commitments and contingencies - -

Stockholders' equity:

Preferred stock, par value $0.001

per share, 10,000,000 authorized,

no shares issued or outstanding - -

Common stock, par value $0.001 per

share, 40,000,000 authorized,

19,645,236 and 19,592,117 issued

(MORE TO FOLLOW) Dow Jones Newswires

May 13, 2014 16:05 ET (20:05 GMT)
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free_bee free_bee 10 years ago
Only 4 positions left..
http://globalscapejobs.iapplicants.com/searchjobs.php


Sales director tweet from April 2nd --
I have four open channel sales positions on my rapidly expanding team. Tremendous opportunity, we have the people
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free_bee free_bee 10 years ago
globalscape To Announce First Quarter 2014 Financial Results
Date: Tuesday, May 13, 2014
Time: 3:30 p.m. Central Time
Phone: 1-877-941-4775
Conference ID: 4682884
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free_bee free_bee 10 years ago
GlobalSCAPE, Inc. (NYSE MKT: GSB), a leading developer of secure information exchange solutions, reveals alarming details about the devastating effect on business when core systems fail.

The survey of 283 IT professionals and business end users found that nearly 90 percent of organizations unexpectedly lose access to critical systems, including mail servers, back-end processors, and file servers, and almost a third deal with downtime issues at least once a month.

“Downtime, while understood to be tremendously costly and frustrating, has become commonplace and even expected in the enterprise,” said James Bindseil, president and CEO of Globalscape. “Oftentimes, downtime can be avoided, and companies should expect more from their vendors.”

Beyond the obvious loss of employee productivity, IT executives shared the costly and widespread ramifications of downtime on their businesses. Of those who responded:

76 percent said downtime frustrates their end users
43 percent lost crucial data or important communications
52 percent said their workforce has been unable to send or receive critical, timely files
Just an Hour of Downtime Could Cost One Million Dollars or More

While lost files or delayed emails may not have an "assigned" value, per se, every minute that a core system is down costs companies money. Globalscape’s survey found that 60 percent of enterprise employees who estimated the financial cost of downtime on their organization said that a single hour without critical systems costs their company between $250,000 and $500,000—and one in six reported that one hour of downtime can cost $1,000,000 or more.

Active-Passive Clustering Can’t Guarantee High Availability

Despite what end users might think, IT isn’t always at fault when core systems go down. More often, servers become overloaded, shutdown, and require manual intervention before the system is restored. To avoid the issue, many enterprise IT professionals use active-active or active-passive clustering, but active-passive environments can still leave companies at risk.

In fact, survey respondents who have active-passive clustering environments reported losing 34 percent more data and critical emails than those respondents who have active-active clustering environments.

“Companies need an ‘always on’ solution that can protect their businesses and customers,” said Bindseil. “That’s exactly why we will be offering active-active file transfer solutions; companies simply can’t afford to settle for less.”

Download Globalscape’s new report – Three Ways System Downtime Affects Companies and Four Methods to Minimize It – for the full survey findings and an actionable checklist to help companies achieve high availability.
http://www.globalscape.com/news/2014/4/30/new.globalscape.study.details.the.devastating.effect.on.business.when.core.systems.fail
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free_bee free_bee 10 years ago
Please stop by our booth..to discover managed file transfer solutions with experts

https://twitter.com/Infosecurity/status/461811920425975808/photo/1
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free_bee free_bee 10 years ago
Added GSB SEP 20 2014 2.50 C @ 50 cents. Was able to grab only 50 C. Will be adding more if there is a seller.
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free_bee free_bee 10 years ago
https://twitter.com/globalscape/status/460800300207439873/photo/1
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dneighnay dneighnay 10 years ago
maybe the check had to do with my mother who died last July and she had a few shares. Again dont remember how many. I did receive two letters about a month ago asking to verify ownership and mailed the letters back indicating she had died and I was the trustee. I think she originally owned 1000 shares of the original company and when they spun off GSB, she received some shares . Wonder how I can find out/
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dneighnay dneighnay 10 years ago
I just got a $ 51 check from them. I do own shares but dont remember how many . got the shares when they were spun off. Anyone know why I received a check?
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free_bee free_bee 10 years ago
Good software company. They have grown 10 times in the last 11 years according to this presentation they have shared in their website...

turn to page # 15..

http://www.globalscape.com/files/GlobalSCAPE_AGC_Presentation_20140224.pdf

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ucsgears ucsgears 10 years ago
Technically won't enter if 2.3 breaks. But 2.6 could initiate a breakout today trendline resistance
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FUNMAN FUNMAN 10 years ago
If it drops some more on indifference, I may initiate a position.
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ucsgears ucsgears 10 years ago
Same here. Technical pullback play.. As expected. Might want to keep eyes peeled
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FUNMAN FUNMAN 10 years ago
The earnings call transcript reads pretty good to me.



GlobalSCAPE's Management Discusses Q4 2013 Results - Earnings Call Transcript
Feb. 14, 2014 6:09 PM ET | About: GSB
Executives

Jim Albrecht - Chief Financial Officer

James Bindseil - President

Analysts

Ryan Downie - Sidoti & Company

Greg Newman - The Newman Agency

GlobalSCAPE, Inc. (GSB) Q4 2013 Results Earnings Conference Call February 13, 2014 4:30 PM ET

Operator

Welcome to the GlobalSCAPE’s 2013 Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you.

I would now like to turn the call over to our host, Mr. Jim Albrecht, GlobalSCAPE’s Chief Financial Officer. Sir, you may begin.

Jim Albrecht - Chief Financial Officer
Thank you, operator. Good afternoon and welcome to our earnings call. With me this afternoon is James Bindseil, GlobalSCAPE’s President.

Before we begin, just a reminder that today’s call including the question-and-answer session might include forward-looking statements regarding expected revenue, earnings per share, future plans, opportunities and expectations of the company. These estimates and plans and other forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied on the call.

These risks are detailed in our latest Form 10-K filed with the Securities and Exchange Commission on March 28, 2013 and in other statements made by the company. The statements made during this conference call are based upon information known to GlobalSCAPE as of the date and time of this call. GlobalSCAPE assumes no obligation to update the information that we present in this call. And with those Safe Harbor statements presented, I will move to summarizing our latest financial results.

For fiscal 2013 our revenue increased 4% to $24.3 million as compared to our revenue of $23.4 million for 2012. For Q4 ‘13 our revenue was $6.2 million, which equaled our revenue of $6.2 million also for the comparable order in 2012.

We believe our deferred revenue, which results primarily from advanced bookings of maintenance and support services to be provided in the future is the key indicator of our potential future revenue trends. We obtained these bookings when we sell software licenses to our customers which is an indicator of their front-end commitment to our products, as well as renewals of existing maintenance and support agreements, which is an indicator of our customers’ ongoing confidence and in satisfaction with our solutions and services based on their personal experience.

Our deferred revenue at December 31, 2013 was $10.8 million as compared to $9.8 million at December 31, 2012 which is an increase about over 10%. Our net income for 2013 as a whole was $3.8 million compared to our net loss of $1.8 million for 2012. Our earnings per share for 2013 was $0.21 per share primarily and $0.20 per share diluted.

Looking at the latest quarter, our net income for Q4 ‘13 was $655,000 or $0.03 per share. When comparing that result to earlier period, we believe a couple of things are worth noting. First our net income for Q3 ‘13, in nearly proceeding quarter was $2.3 million or $0.12 per share. As we discussed in the key business metrics section of our [came due] for that quarter that result included $1.3 million of non-operating, non-recurring income associated with the elimination of intangible assets and the elimination of an earnout liability both related to TappIn. Excluding those non-operating non-recurring items, our Q3 net income was $946,000 or $0.05 per share.

Second our net income for Q4 2012 the comparable quarter for that year was $1.3 million or $0.07 per share. That result included $1.3 million arising by the elimination of an earnout liability related to TappIn such that excluding that non-operating and non-recurring item our results for Q4 ‘12 were substantially breakeven.

So we believe our Q4 ‘13 net income of $655,000 or $0.03 per share is best compared to our result excluding non-operating and non-recurring items of $946,000 or $0.05 per share for Q3 ‘13 and breakeven results for Q4 ‘12. We feel from this perspective we believe our Q4 ‘13 net income was substantially consistent with our results for Q3 ‘13 and notably improved from our results from the comparable quarter of 2012.

Our adjusted EBITDA excluding infrequent items was $5.2 million for 2013 compared to $2.6 million for 2012 and was $1.2 million for Q4 ‘13 compared to $887,000 for Q4 ‘12. We believe these improved results are quite notable. Our 2013 cash flow from operations of $4.5 million has not only allowed us to pay a $0.05 per share dividends last December, but also to begin 2013 with a strong balance sheet that includes $12.6 million of cash and long term investments.

Overall, we believe these are solid financial results that illustrate the continued strength of business and of our financial position. They provide a firm foundation upon which to build for 2014.

I will now turn the call over to James Bindseil.

James Bindseil - President
Thanks Jim. Good afternoon everyone. And thank you for joining the call today. I would like to specially thank the new shareholders and analysts to assort a greater interest in GlobalSCAPE over the last few months. Before I begin with my remarks; I would like to explain for everyone why we moved up the earnings call six weeks from the previous year.

There has been speculation regarding that and I would like to make it clear that in this purely based on increased efficiencies that have been introduced by Jim Albrecht and the finance and accounting organization for GlobalSCAPE over the last year. The team is doing a great job and as always we will continue to look for ways to improve our performance and responsiveness to the investor community as we move forward.

As Jim just outlined we are very excited that even in the midst of the economic uncertainties surrounding 2013 with sequestration of all the government and the unknown impact of the Affordable Healthcare Act of private business that’s two examples. GlobalSCAPE was able to increase revenue and (inaudible) for 2013 as a whole compared to 2012.

Weekly increased revenue combined with diligent expense management on behalf of the company, we were able to reverse the negative trend of earnings per share and even with long time events produce a solid EPS for the year. (Inaudible) being key to our performance is our maintenance and support revenue which rose to approximately $13.7 million up approximately 17% over 2012. As has been the case over the last several years, customer satisfaction remains a necessary ingredient for sustaining and increasing our revenue growth.

We have very strong renewal rates for our maintenance and support licenses in the 90% range. And we still find it likely that this revenue line will continue to grow at a faster pace than our software license revenue in the foreseeable future as our growing installed base generates additional maintenance and support contracts.

As we disclosed last year, the work that we were performing as a sub-contractors to McLane Advanced Technologies or MAT for the U.S. Army was successfully completed in September. We have been building however, other non-MAT professional services revenues such that we would be able to absorb the end of this contract without material drop in our overall professional services revenue.

Our non-MAT professional services grew by more than 19% compared to 2012, exceeding $1 million for the second time in our company's history. This strong in growth reflects on increasing focus within enterprise customers and our greater (inaudible) established strategic relationship equipment.

I would like to reiterate that the U.S. Army is still one of our largest clients and we continue to provide software and support services to them as we have for the last several years. We anticipate that we will continue to do business with the Army and other federal agencies as we move forward.

Before we move on to the futures revenue , I will give a brief overview of the product portfolio and how the products progress on 2013. Our ESP [group] continues to perform very well and accounted for 79% of our total revenue which is roughly the same percentages in year's cost though with greater revenue. In addition for each of the last [two] years, we have achieved one of the highest ratings and the latest managed file transfer Vendor Landscape report group Info-Tech Research Group. In both years, the report designated GlobalSCAPE a Champion and its Vendor Landscape metric. Info-Tech Research Group evaluated criteria such as strategy, viability, sales and support reach, and channel partner programs.

EFT Enterprise addition was commended for its ability to meet advance material requirements, its flexible deployment option and our responsive customer support. Even with these accomplishments, we fully recognize that EFT being the largest portion of our revenue needs to continue to grow and acquire more clients.

What happened is still not material from the revenue perspective we are continuing to move forward with enhancing the existing partnerships that we have as well as adding additional ones. While specific questions regarding the relationship between [needed] capacity must be directed to CJ, it is in the public domain that [traffic] is now available across three different product lines at CJ. We are very excited to be partnered with companies such as CJ and look forward to even more exciting partner relationships in the future.

The larger long term opportunity (inaudible) remains in enterprise markets where we know companies struggle to deal with premier (inaudible) or BYOD trend. As disclosed in the previous earnings call, we will continue to drive our strategy and our execution towards making this happen in the future.

As was released in our recent survey results, 63% of employees have used remote storage devices like USB drives and mobile phones to transfer confidential work files which puts the company and the individual at risk of fraud (inaudible). Products such as EFT (inaudible) and Mail Express enable companies to provide secure alternatives across the (inaudible) within the mobile workforce. (Inaudible) has gone through a significant retooling over the past year and I’m very happy to report that this effort has been completed and we are excited to start reintroducing our clients with this capability and to begin innovating with (inaudible) again.

It is part of a very large market space and we still believe there is quality brand new potential in the future.

Moving to the future and what we believe will drive revenue growth. As we discussed on the last earnings call, one of the major initiatives to drive future growth is the reinvestment into our high value product lines.

(Inaudible) expanded our engineering team for EFT and are excited about releasing multiple new features in the coming year. Even with the barriers to release EFT over the last couples of years, we have recognized that we need to return innovation to the portfolio and build just the team to [design].

We've also realigned and expanded the sales team and greatly increased our marketing capability to attract the clients. The sales team has historically done a great job, selling into the existing client base, but the near model, the increased demand generation and a substantial growth with domestic channel alliances will enable GlobalSCAPE to touch more prospective clients than ever before.

We will of course continue to manage expenses, but these investments are critical for the long term growth of the company. To expand further on this point, we are expanding our domestic third party dealer channel or channel to support more rapid growth of our secure information exchange solution. To achieve wider distribution of our product portfolio using the channel, we are actively recruiting channel partners interested in selling out product suite as a part of their security and compliance software.

Historically, even though we have not primarily channel oriented in the international markets, we have only earned a small percentage of our domestic [breadth] in this channel. Our current strategy is to significantly increase this cost of revenue by adding new partners and distributors, particularly through addition of the domestic entity while maintaining the existing international alliances. Our approach is to create a two tiered program involving alliances who commit to a sales plan and technical training. A recent example of this approach and action was released earlier in January with the announcement of the Ingram Micro alliance.

Channel sales can help us establish a lower [test] delivery model through which we train and position the partners to sell industry solutions. We will leverage this approach to reduce our overall cost of marketing and selling our solutions in a direct fashion.

Additionally, channel partner supplemented our demand generation efforts and provide access to client basis that previously would not have been able to us. The team is focused on organic growth with the existing product line. While we have added resources to EFT, based on its position of driving 79% of revenue, we’re also looking forward to position both fee of marketing and potential future product enhancement, the overall suite of products into a solution set that offers greater capability than anyone product does (inaudible).

As part of a secure information (inaudible) these are the critical product lines including EFT, Mail Express, (inaudible) play a significant role in how our clients consume information with the need to do so in a secure manner.

With our portfolio of solutions and the changes we are making to [engineering] sales and marketing, I’m optimistic and excited about our growth potential for 2014 and beyond. We have seen revenue grow over the history of GlobalSCAPE and I believe this trend will continue in 2014.

As is our policy, we are not providing specific revenue and earnings guidance today, but I do want to reiterate our 2014 focus. From my perspective the key objectives are: first, we continue to grow top line revenue but also position ourselves for greater future capacity by ensuring that we are innovating as a company; and second, develop a demand generation, sales and marketing funnel that attract new clients to the GlobalSCAPE brand. We have demonstrated that once the client is exposed to GlobalSCAPE, we have a very high [best rate] of brining them in and [make happy] (inaudible) team to attract more clients. Through a new focus on our core products and increased regions of the market provided by the sales and marketing channels are designed to help make that happen.

Through these actions, we look forward to another good year of financial performance which in turn should translate into good shareholder value. Finally, earlier this week we announced that I will participate in the America’s growth capital complex at San Francisco on February 24th. I look forward to meeting with some of you at this event.

At this point, I will turn the call back over to Jim, to start question-and-answer session. Jim?

Jim Albrecht - Chief Financial Officer
Thank you, James. We will file our Form 10-K for 2013 in March. That report will provide you a comprehensive look at the financial results we just reviewed as well as a discussion of the various elements of our business. We are now pleased to take your questions. So operator, please open the call for questions and answers.

Question-and-Answer Session

Operator

Thank you, sir. (Operator instructions).

James Bindseil - President
(Inaudible) this James. While we’re waiting for the questions to queue up, I just wanted to add another note. I do want to recognize that a large part of 2013 and the success that we had was really due to the efforts of Craig Robinson, our former President and CEO for GlobalSCAPE. And he unfortunately passed away in September, but I do want to just recognize that for everybody on the call and really to pass my blessing for the time that we had with him and the great things that he did.

Operator

And our first question is coming from the line of Ryan Downie with Sidoti & Company. Please go ahead.

Ryan Downie - Sidoti & Company
Good afternoon, everyone.

James Bindseil - President
Hi Brian.

Ryan Downie - Sidoti & Company
I'm looking at these license revenues and it looks like it was up sequentially for the second quarter in a row and kind of sense that negative movement earlier in the year. Is that sort of the marketing efforts bearing fruit?

James Bindseil - President
Yes, we've got a lot of things going on to drive that license revenue. And as you well know Ryan and as I think we've discussed this in the past, a lot of the channel and partner and overall marketing efforts that you do take a while to ramp up. And so, we certainly are starting to see some uptick, but it's certainly not where we're looking for it to be at. And a lot of these opportunities are still starting to materialize. And we're obviously very excited to see some progress, but we have a whole lot more progress to go.

Ryan Downie - Sidoti & Company
Okay. So, thinking on some of the operating expenses, especially if you look at R&D line, that was bit higher than I had anticipated. Is that related to the headcount expanding?

James Bindseil - President
Yes, we certainly are the expanding the headcount and our R&D. We’ve had a lot of things happening in the engineering team in trying to get back to focusing on our core products. And so we are making sure that we’ve got the appropriate resources to drive forward the innovation that we were talking about here just a moment ago.

Unidentified Analyst
Okay. Very well, that’s everything for me now.

James Bindseil - President
Okay, thanks.

Operator

(Operator Instructions) And our next comes from the line of Jay (inaudible) with Twin Capitals. Please go ahead.

Unidentified Analyst
Thank you. Gentlemen, congratulations on another good quarter and the record financial results for 2013, you’ve really been hitting on all cylinders. I did have a couple of housekeeping questions that I would like to start with. Can you help me understand your EPS for 2013? It looks like fully diluted for the year you were at $0.20, however if I back out the one-time gain in the third quarter does that get me to about $0.13 a year? If my math is correct with that one-time you still had a very strong year compared to 2012 where you have to keep [closing] on EPS plus, so is my math correct?

Jim Albrecht - Chief Financial Officer
This is Jim Albrecht. Yes, the approach you’ve taken is reasonable and correct and in fact if you look at our previous 10-Q, as well as upcoming 10-K, we have a table in there that walks you through that sort of thing and it’s consistent with the remarks I made earlier. So yes, you are on target.

Unidentified Analyst
Good. I haven’t taken a look at the K yet, but I will. On the deferred revenue count it seems to be growing nicely. Could you discuss what’s driving that growth, should we expect it to increase this year?

James Bindseil - President
Yes. This is James Bindseil again. It’s really a combination of two factors. First and foremost as we mentioned earlier, we've got a really strong maintenance and support renewal rate. And so we keep the customers that we get and then with each new license sale that is made, we add new maintenance and support license on top of that. So you start to get a counting effect over the years naturally what's been happening, so it’s (inaudible) with our revenue growth.

Unidentified Analyst
Okay. Thank you. So let me move on, you mentioned on the call that you are investing in to drive your revenue growth this year, what gives you confidence that this investable generate high revenue this year, this fiscal year?

James Bindseil - President
A number of factors we have -- once again I think it’s important to note that we are starting to greatly expand our domestic channel and partner alliances. And we've done a lot of the channel in the past, in our international markets. But a whole lot of the spend, I’ve heard numbers close to 50% of the IT spend, it’s happening domestically and we've been doing that almost exclusively direct over the history of the company.

And so by expanding our domestic channel effort that gives us access to a lot more customers that haven’t actually heard of GlobalSCAPE before are not familiar with the brand. And so this allows us to work with system integrators where we can be part of largest solution, as well as just getting access to more clients because of those alliances.

And then secondly really is getting back to integrating again with the product and just getting more opportunity for our existing client base to buy additional things from us. We’ve got a very good track record with our sales team. Hello?

Operator

Ladies and gentlemen, this is your conference operator; it seems we’re having technical…

James Bindseil - President
The ability to up-sell further into our clients with new capabilities coming up for the product?

Unidentified Analyst
Okay. Thank you. I think I missed a little bit because of the technical difficulty, but I’ll leave the floor to someone else and I’ll jump back in the queue with additional question.

James Bindseil - President
Okay. Thank you.

Operator

And Mr. James could you please repeat just the last part of your response, seems like your line was muted or you lost connection for a second or two?

James Bindseil - President
Okay. The question was how -- the efforts believe towards additional revenue and I was going through two elements, the first is around the distribution channels and our partners increasing that network domestically so that we get access to more clients. And the second part was around increasing our activities involved with engineering and getting back to innovating again so that we’d get additional opportunities to sell into our existing client base.

And so that gives us the two different sorts of the revenue, more clients to go into initially, but then also the up-sell capability for our clients by having new capabilities. So those are the two areas that I was referring to.

Operator

Thank you, sir. (Operator Instructions). And our next question comes from the line of Greg Newman with The Newman Agency. Please go ahead.

Greg Newman - The Newman Agency
Thank you. Mom and I were on the call today and she want to congratulate you on the quarter. I wanted to follow along with the sales idea question, continuing with what’s (inaudible) can you give us perspective of how many more you think you can reach in your growth, what percentage is in the U.S. who did the channel approach, you had a very good record with sales team being able to up-sell so forth. Are you able to give us margin percentage or range?

James Bindseil - President
Yes. Hi Greg, this is James. We missed the very beginning of your question, it was breaking up a little bit, but I think I got the [hint] of it so I’ll try and answer real quickly, but please do let me know if I’m off the mark. I don’t have any specific percentages that I can disclose today regarding additional that we are going to achieve through those channel alliances.

We are growing our network a lot by the number of partner’s et cetera. And I can’t tell you that, while we won’t disclose what we think percentages of increased revenue et cetera will be, we are looking at growing the number of sales people via our partners exponentially because we as a company has been disclosed in the past in the neighborhood of 100 employee, when you start going out and acquiring new partners and new alliances in each one of those companies, then they come additional sales capacity for you.

And so, while we can't give any specific percentages, we do think it consider -- we do consider it significant the amount of extra sales capacity we're going to be at by leveraging those partners and that's just the sales capacity itself there is also additional demand generation when they do the wrong marketing efforts as well.

Greg Newman - Newman Agency
Yes, thank you. That's what I was looking for explanation helps quite a bit. I was very much interested in the employees through your partners, I think like a good aspect to it all. I'll switch because I was asked by Mr. (inaudible) one of the shareholders if I would ask to your views on what do you think of the best purchase to make sure their core brands and projects deliver on time. And I think the new management you said that should be able to -- I'm hopeful they hear my view to answer that question for Mr. (inaudible).

James Bindseil - President
No, I'm happy to answer. Well, I’ll give a big part of the answer first. The first part of the answer is that we don't disclose dates on when we're going to release product, business general rule. I know that we did in the past when we were looking at developing -- but we don't actually disclose the date. And so there are not basic commits as the general rule.

Having said that, we have not been to market as fast as we want to be. And we do have internal dates that we are striving to get then and we are examining every single process and procedure in our engineering organization from the way we do our requirements, to the way we do our coding, to the way we do our QAs to ensure that we don't miss space and that we are putting products out in a timely fashion.

So I absolutely share the spirit of the question and we are going to be ensuring that we don’t miss dates, but I do just want to make it clear that we don’t actually typically disclose what features are going to come out and when they are coming out. So that’s more of an internal operating metric, but driving forward in an efficient fashion that is the way we are going to be running our business exactly as [he asked it].

Operator

And our next question comes from the line of Phillip (inaudible). Please go ahead.

Unidentified Analyst
Yes. Hi, I guess my question was partially answered there. I was also I guess as many were concerned about just how much larger the exposure is going to be of your, I guess basically flagships we have products here versus competition and how much more exposure you are going to be getting into the marketplace? And I guess it must be difficult to quantify with having Seagate and Ingram Micro involved, but it seems as though revenues should be ramping up nicely during 2014?

James Bindseil - President
Yes, we really are going to be adding a lot of partners. There is multiple phases to that. So I want to make sure that I answer that carefully. The first thing you do is you recruit the partners then you ramp them up and then when the opportunities come in then you have to (inaudible) through that opportunity. And each one of those phases does require an effort. So there is ramp time, but materially I agree with every single word that you said, we will pay dividends (inaudible) it’s going to definitely help with us in the future, but each product line and each partner has a different ramp. And so we have to make our way through that process.

Unidentified Analyst
I understand. Thanks very much. Great quarter.

James Bindseil - President
Thank you.

Operator

And our next question comes from the line of Katherine Richards. Please go ahead.

Unidentified Analyst
Hi. Thank you for your time today. I have a couple of questions. The first is about your new partnership contracts. I know it takes a while to negotiate those type of contracts, can you tell me if they were negotiated under the privilege of the past President or if the new President has had a hand in negotiating those contracts?

James Bindseil - President
Well, we've had some contracts for a very long time, and I will obviously my predecessors dealt with those. But the contracts that we’re primarily talking about today have really just begun this year and at the very end of December. So, these actually have transpired since I became President.

Unidentified Analyst
Okay. And related to that question, and unfortunately, I don’t quite remember the name of the partner, it was several years ago and you had an exclusive partnership with them for access to some of the government agencies. And I’m wondering how that exclusivity has been affected by the newer contracts?

James Bindseil - President
There are a number of contracts that we have, where we’re doing work with the government. And so I do not...

Unidentified Analyst
This was like an aggregator that they provided a software through them to -- they were on the approved GSA list?

James Bindseil - President
Yes, and actually we have several of those and that's why I’m trying to be careful because I don’t want to just pull a name out there, actually several that we have…

Unidentified Analyst
Okay.

James Bindseil - President
That provide that capability. And I can tell you that we have a lot of new partners and we do maintain our existing partners and we do not believe that there is any comp lift, and we’re progressing forward nicely with all of them.

Unidentified Analyst
Okay. And then my second question is in taking a quick look at the industry, it seems that your major competition is shareware or very low cost software that’s out there? And how do you address that competition?

James Bindseil - President
We have a number of competitors, both from enterprise level all the way down to shareware. And there is a lot of different ways that you approach all of them differently. When you get to the shareware level, there is the number things that enterprise clients are expecting world-class support and maintenance for their products, they’re expecting to see new releases that support their enterprise needs. And so, somebody that is desiring to install a piece of shareware that they don’t care whether it works or not, you’re not going to compete with them at an enterprise level. But people that actually run their business and outages in that execution cost them money, they care about having an enterprise class company behind them and maintain that solution for them. And so that’s really how we will come back, the shareware site is just really demonstrating that if you are going to be running a business and outages cost you money, then the company like ours can help you.

Unidentified Analyst
Okay. Thank you very much for your time.

Operator

Our next question comes from line of [Jay Nadel]. Please go ahead.

Unidentified Analyst
Thanks. Some further questions to (inaudible). And I wanted to actually change (inaudible) and guiding to the (inaudible) which is your mobile security solution. Specifically I wanted to know how big of a market opportunity this could be for you. And also it sounds like, this is a safer alternative, there is some other things in the marketplace such as drop box and (inaudible) Can you explain the differences between your products and those where you think your opportunities running for this?

James Bindseil - President
Certainly, I will actually take the questions in reverse order because I believe your second question is important to step up the first one. And when you look at the other companies, they primarily have it established such that you put your content up into their cloud and then wherever you are, you have access to it. And with that type of architecture, you actually have a situation where if another client is comprised at that internal location or that centralized location, then it puts your information at risk as well and vice versa for them because you are on that shared infrastructure. Whereas with the top end solution, your data actually resides where it is that you want it to be. So if you have it on your home computer and you have it on laptop and you have it on your work computer, you actually get access to that information at that point, so you can provide the appropriate level of security controls to your information yourself rather than trusting that somebody else is going to do that for you.

And it really is just a matter of making sure that you are keeping track of where your information is and find that appropriate security to it.

And so, do we think it has a growth potential, we absolutely do. And we've been doing a lot of our efforts over these OEM arrangements and going direct with TappIn and providing the service as it is.

One of the things that we are going to be driving towards is the TappIn enterprise version, which will provide enterprises the ability to have their own TappIn service that you want. And basically what that means is that they can run it in spite of their own environment, they can apply their own security controls and they can do everything to themselves rather than going through any third-party provider.

And so, we believe by taking this consumer product to the enterprise, we're going to continue that market even further such that companies will be able to really deal with the entire BYOD [threat] or performance in a way that it's not a factor to them.

Unidentified Analyst
So, did you say that you'll be taking TappIn to the enterprise market through direct sales efforts or will you be partnering with distributors and resellers?

James Bindseil - President
First we have to complete the technology despite that we have the TappIn enterprise offering to deliver. And so, that is where we're expanding our efforts right now. We're looking at ways that we can pull that anywhere, still a good way to win from that. Once it is available, then we will be going through both direct and through our partner that we do with all of our solutions.

Unidentified Analyst
Okay, great. Just [listen] to my next question. What was the last month your news will be around your products being sold for Ingram Micro? Could you discuss how this opportunity came about and how benefit your company is, in other words, can you discuss the economics in any terms of video agreement?

James Bindseil - President
No, I won’t discuss the economics that’s the part of the contract. I will tell you that, the partnership has been doing extremely well; we’re bringing them up to speed as we speak. And while I won’t put any question into their mouth they need to speak on their own. We have heard from a number of people that they are very excited about rounding out their portfolio with our solution. And so, we are still coming up to speed with it. We anticipate great things to come out of this partnership. And you are going to hear a lot more about that in the future.

Unidentified Analyst
Great, I look forward to that. My last question, your stock has gone up nicely in trading volume it’s been significantly higher than it was when we heard you talk on the last conference call yet the stock it’s cheap if you can deliver on everything that you have talked, but if you can execute on everything we’ve heard today, it seems like you are doing a great job thus far. So, I am glad that your plan to participate in investor conference later this month to get the story out. Is that part of a plan to be more active in meeting with investors this year?

James Bindseil - President
Absolutely, we had a lot of interest coming to us from the investor community. Jim and I have done a number of calls with people we are going to attend additional conferences. And we are very excited about the future of the company and everybody that we are talking to is excited too. And it’s a good day.

Unidentified Analyst
Terrific, thanks so much.

Operator

Mr. Albrecht there are no further questions at this time, please continue.

Jim Albrecht - Chief Financial Officer
Thank you very much. And thanks to everyone for joining the call today. We are pleased with the success we enjoyed in 2013 and certainly look forward to continuing that trend in 2014. We will visit with you in the spring to review our Q1 2014 results. Everyone have a good day.

Operator

Ladies and gentlemen, this concludes the conference for today. We thank you for your participation. You may now disconnect.
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tropicomfs tropicomfs 10 years ago
I agree with you....I've had shares in this little guy from a telecom spin off, more years ago than I can recall. I've added a bit when it was around a dollar. My sense is that it's tightly held by insiders and those close to them. Something is definitely up with this one. Either a buy out by a bigger fish or with all the secuity concerns about electronic info, these guys seem to be doing something very right. As you said, really feels like something big is just around the corner. Good luck!
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Lenard Lenard 10 years ago
Hard to believe this board receives no posts as of late. Anyone's scanner would pick up the massive increase in the average volume this stock has had, along with the pps increasing to the point of highs some years ago. This feels like it will explode in the next week, something is up
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sevensisters sevensisters 10 years ago
What's up here? Nice looking chart.
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dffhogs dffhogs 10 years ago
GSB $2.49 up 6.4% on nice volume. Delayed reaction to Wednesdays news?



Globalscape’s® Proven Managed File Transfer Solution Now Available Through Ingram Micro

Globalscape, Inc. (AMEX:GSB)

GlobalSCAPE, Inc. (NYSE MKT: GSB), a developer of secure information exchange solutions, announced it now has products available through Ingram Micro Inc. (NYSE: IM), the world’s largest wholesale technology distributor. The strategic alliance, through aggregator DistiNow, extends Globalscape’s reach into new markets and geographical locations, making its Enhanced File Transfer™ (EFT™) solution more accessible to the many businesses that need a better, more secure way to share critical corporate and customer information.

“Demand for secure collaboration solutions is growing as more and more businesses branch out and employ mobile workforces and take advantage of virtual networks,” said Bill Brandel, senior director of the Advanced Computing Division at Ingram Micro. “We are excited to offer Globalscape’s EFT solution as part of our growing portfolio of emerging vendor technologies.”

Globalscape’s EFT solution gives organizations virtually everything they need to securely and easily manage file transfers across offices, clients, and partners worldwide. EFT ensures the highest levels of compliance with government and corporate security policies and privacy regulations, including PCI-DSS, FIPS-140-2, HIPAA and SOX.

“Managing the way sensitive business information is sent and received is paramount to an effective information security strategy,” said Matt Goulet, vice president of sales at Globalscape. “This strategic alliance with Ingram Micro will give us the reach and resources to capture more opportunities and continue to grow our business.”

For more information, visit Globalscape.com.

About Globalscape

San Antonio, Texas-based GlobalSCAPE, Inc. (NYSE MKT: GSB) ensures the reliability of mission-critical operations by securing sensitive data and intellectual property. Globalscape’s suite of solutions features EFT, the industry-leading enterprise file transfer solution that delivers military-grade security and a customizable platform for achieving best in class control and visibility of data in motion or at rest, across multiple locations. Founded in 1996, Globalscape is a leading enterprise solution provider of secure information exchange software and services to thousands of customers, including global enterprises, governments and small businesses. For more information, visit www.globalscape.com or follow the blog and Twitter updates.

About Ingram Micro Inc.

Ingram Micro is the world’s largest wholesale technology distributor and a global leader in IT supply-chain and mobile device lifecycle services. As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics and mobile solutions, technical support, financial services and product aggregation and distribution. The company is the only global broad-based IT distributor, serving approximately 160 countries on six continents with the world’s most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com.

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 2012 calendar year, filed with the Securities and Exchange Commission on March 28, 2013.





GlobalSCAPE, Inc.
Robinson Hicks, 617-969-9192
globalscape@corporateink.com

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dffhogs dffhogs 10 years ago
NEWS RELEASE

Contact: Joanna Clark
Phone Number: 617-969-9192
Email: globalscape@corporateink.com




GLOBALSCAPE® ANNOUNCES SPECIAL CASH DIVIDEND OF $0.05 PER COMMON SHARE


SAN ANTONIO, TX – November 7, 2013 -- GlobalSCAPE, Inc. (NYSE MKT: GSB), a leading developer of secure information exchange solutions, announced today that its Board of Directors has declared a special cash dividend of $0.05 per share of common stock.

The dividend is payable on December 3, 2013 to shareholders of record at the close of business at 5:00 p.m. Eastern Time on November 19, 2013.

“The Board’s declaration of this special cash dividend reflects its confidence in our future business prospects and belief that we will continue to generate cash from operations,” said James Bindseil, interim president of Globalscape.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9595803#EX99-1_HTM

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Couch Potato Couch Potato 11 years ago
Apparently it wasn't that impressive. Haven't looked at the transcript yet.
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Magnum7419 Magnum7419 11 years ago
Closed today 1.85 vol less than 25000..... two business days before earnings release......... Do we hold thru earnings or bail out Monday afternoon. Do u feel lucky ........well do ya.....
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Magnum7419 Magnum7419 11 years ago
Next earnings announcment.. Aug 7th 4:30 PM... should be the last day GSB traded under 2.00 a share..:)
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Magnum7419 Magnum7419 11 years ago
Seagate Central and TappIN

FYI I was checking amazon.com on how sales are going and I accidently landed on amazon.com uk....... and there is was sales of SEagate central......with over 40 reviews almost all were four or five stars..... apparently people in the uk are more tech savy than those of the USA.... I then snooped around and discovered SEagate Central is selling world wide....... Marlin(Globalscape shareholder) from yahoo message board has done a wonderful job of estimating future revenue... Things are looking good..as with every sale of SEagate Central...TAppIN aka Globalscaoe gets a royality $$$$$...
NExt reporting conf call should be very interesting....
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Magnum7419 Magnum7419 11 years ago
Time to test new old waters where there is no filters..
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search4stock search4stock 12 years ago
GSB signs 4 multibillion dollar partners to TappIn

If you haven't kept up with Globalscape, GSB, their TappIn division has signed partnership agreements with four known multi-billion dollar firms. QNAP, Toshiba and Seagate plus ESET antivirus, antimalware giant. Look for the news of these on both globalscape.com and tappin.com. QNAP Partners with TappIn to Offer Customers Unique Mobile File Access and Sharing Solution 6-18-12 and TappIn Partners with Antivirus Leader ESET to Provide Content Security and Mobility 7-11-12 and over at Tappin.com are these two: TappIn Now Available in SnappCloud! for All Toshiba Products! 6-23-12Yes! You can "Tapp In" to Your Seagate NAS 9-19-12

There is also the Q2 2012 Conference Call transcript where they mention this about the Toshiba partnership:

In July, we initiated a relationship with Toshiba through which TappIn is available as a preferred secure file access and sharing solution for all Toshiba product users and OEM partners. Toshiba users may download the TappIn application, and both of our companies will share the resulting revenue. (So that relationship blossomed further after the SnappCloud Toshiba TappIn news came out in June. Their Microsoft relationship also did the same thing like that. It's in the transcript. I have a copy if in the future it is needed, but easiest would be contact their IR department for that to be emailed to you.)

Globalscape has also signed many more agreements, according to their Q2 conference call transcript, but by the terms of the partnership agreements are not allowed to discuss the details or names involved until the time is appropriate and in accordance with the rollouts. Other partnerships are in negotitations, they said.

The TappIn Prosumer Version with Salesforce connectors and cloud caching for those who want to store files in the cloud will be out they said late September or early October, so shareholders are looking forward to that. TappIn gets a bonus if it came out in 2012 and they are doing it three months ahead of the deadline. We should hear more on the other 'many' partnerships once the prosumer version is being marketed by the partners to all their customers (when it becomes public knowledge). How big is this? Just take ESET for example, and note that they are marketing TappIn to all of the 100 million customers for whoever wants secure, anytime, anywhere remote access to their data & files (docs, pics, pdfs, videos, music etc) stored anywhere like home, office, or cloud and do so via any smartphone, laptop, computer, iPod, iPhone, tablet, or other mobile device, like Android, Kindle, Windows Phone 7.

Why? Because it's simply the best, safest way to access your files, through SSL VPN. Chris Hopen, head of TappIn, is co-inventor of SSL-VPN technology, holding patent on it. So you know he knows it like few do, and that is impressive for their partners who really like it.

That's a good heads up for you guys/gals. I gotta go, but a lot of analysts, reporters, big tech bloggers, newsletter writers are beginning to follow TappIn on Twitter, and once they start sending out tweets on it, their whole downline of their own followers expands their reach by 100s. Like one analyst with 62,000 followers, I checked out and found he has over 100 easy of professionals who write blogs, newsletters, are analysts, tech reporters, etc. So hey, if all these billion dollar companies are right to partner up like this so fast, I think we know we are going to get some major positive heads up tweets from these pro writers/analysts. It's scaring me! Lol. I've seen it before when a stock takes off. Most of the splits from the partners goes straight to bottomline earnings. Yes, I'm excited. Catch the vision, friends.

God bless you.
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Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $GSB ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $GSB ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.
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MikeDDKing MikeDDKing 12 years ago
I'm not interested.
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swampboots swampboots 12 years ago
Whats your take on it now?
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smith54a smith54a 13 years ago
Although this may not attract much attention, I like to own companies where the employees are happy -- and, therefore, productive.
http://finance.yahoo.com/news/GlobalSCAPE-Named-One-of-bw-2349002306.html?x=0&.v=1
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MikeDDKing MikeDDKing 13 years ago
Interesting.
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smith54a smith54a 13 years ago
FWIW, http://seekingalpha.com/article/274795-5-recent-cfo-buys-of-more-than-50-000?source=yahoo
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MikeDDKing MikeDDKing 13 years ago
I have no position in GSB.
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MikeDDKing MikeDDKing 13 years ago
GlobalSCAPE Announces First Quarter 2011 Financial Results

Increases Revenue and Cash Compared with Q1 Fiscal 2010

On Thursday May 12, 2011, 4:00 pm

SAN ANTONIO--(BUSINESS WIRE)-- GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information exchange solutions, today announced financial results for its first quarter of fiscal year 2011, ending March 31, 2011.

Revenue was $4.6 million for the first quarter of fiscal year 2011, an increase of five percent when compared with revenue of $4.4 million in the same quarter last year. Net income for the first quarter was $59,000, or $0.00 per diluted share, compared with net income of $364,000, or $0.02 per diluted share, in the same quarter last year. Cash grew to $11.4 million, representing a 25 percent increase from the first quarter of 2010 and a 2 percent improvement since the end of fiscal 2010.

Adjusted EBITDA for the first quarter of 2011 was $0.5 million, a 45 percent decrease compared with the same quarter last year, and a 25 percent decrease compared with the fourth quarter of 2010. The Adjusted EBITDA margin for the first quarter of 2011 was 11.9 percent, compared with 23.1 percent in the first quarter of 2010, and 14.7 percent in the fourth quarter of 2010.

“Our first quarter performance continued our year-over-year revenue growth,” said Jim Morris, GlobalSCAPE president and CEO. “In particular, we have continued to increase recurring revenue which was 48 percent of total revenue in the first quarter, up from 40 percent in the same period last year,” Morris continued.

Professional Services represented approximately $404,000 or almost nine percent of GlobalSCAPE’s total revenue in the first quarter, up from three percent in the same period last year. Morris indicated that this record contribution from professional services contributed to reduced operating margins during the quarter. “Increased professional services give us a considerable performance history and insight into our customers’ operational activities which position us well for future businesses opportunities,” Morris noted. “However, professional services typically have much lower margins than software sales and this effect was evident in the first quarter, especially with some software sales slipping into the second quarter. As we close these software opportunities and gain market traction with additional solutions, especially those already accounted for in our current expense run rate, I expect earnings to increase in line with the additional revenue.”

Quarterly Highlights

During the first quarter, GlobalSCAPE announced new additions to the Company’s solution portfolio, greatly expanded delivery of professional services, and gained additional industry recognitions.

During February, GlobalSCAPE announced ongoing development of appShield™, a consumer endpoint security solution to protect computers against the rapid growth of viruses and other malicious software. The appShield solution uses application whitelisting technology to block execution of malicious software with much greater effectiveness than traditional antivirus software. The traditional approach to antivirus software operation is to develop specific signatures for malware, detect the presence of files matching those defined signatures, and then block or quarantine the assessed malware. Application whitelisting inverts the traditional approach by allowing the end user or an administrator to explicitly designate which software applications will be allowed to run. The resulting ‘whitelist’ then governs software execution privileges. The appShield solution is the result of a joint development agreement established with CoreTrace Corporation in December 2009. GlobalSCAPE plans for appShield to be generally available in summer 2011.

Also in February, GlobalSCAPE announced general availability of a Hosted Enhanced File Transfer Server™ service. This service expands GlobalSCAPE’s cloud-based solution portfolio by integrating a hosted version of the market-leading Enhanced File Transfer Server solution with infrastructure from Rackspace Hosting. This scalable and tiered service is structured for the small and medium-sized business (“SMB”) market, and also allows customers of all sizes to outsource all or part of their complex and demanding secure information exchange needs. Through such outsourcing, customers can greatly reduce costs, increase efficiencies, track and audit transactions, and provide a greater level of security and compliance, at affordable price points. The Hosted EFT Server offering delivers these benefits while allowing direct customer management of the Enhanced File Transfer Server solution (as contrasted with the previously announced Managed Information Xchange, or MIX, service which is fully managed by GlobalSCAPE).

During March, GlobalSCAPE announced significant enhancements to the Enhanced File Transfer Server and Mail Express™ software solutions. The new version of Enhanced File Transfer Server delivers additional security and visibility features, along with improved workflow tools, to both enterprise and SMB customers. New features in Enhanced File Transfer Server include industry-leading two-factor authentication, real-time visibility into all ongoing file transfers passing through the server, integration with Microsoft® SharePoint® Server, improved worldwide scalability with UTF-8 encoding, an enhanced user experience for browser-based access, and simplified corporate branding and customization.

The new version of Mail Express, GlobalSCAPE’s email-based file transfer solution for business customers, now supports communication through the GlobalSCAPE DMZ Gateway™, which allows customers to implement Mail Express behind a DMZ firewall. This implementation approach provides an added layer of protection for data storage and retrieval, user authentication, and firewall traversal. To ensure customers have complete email attachment management and security in diverse user environments, the latest version also includes the Mail Express Internal Web Portal. The portal provides full Mail Express functionality via a standard web browser to customer employees who may not use Microsoft Outlook as their primary mail client. The portal also allows approved partners to send large files back to Mail Express users, ensuring the files and data remain secure at all times. Other key features of this new version of Mail Express include support for Microsoft Outlook and Exchange 2010, improved performance and optimization when interacting with anti-virus software, and increased capacity and number of users per Mail Express Server, supporting the growing demands of larger enterprises.

At the end of March, GlobalSCAPE announced that the Company had increased its engineering support as a subcontractor on the McLane Advanced Technologies (“MAT”) industry team that won the $52.3 million re-compete contract for the US Army Standard Army Maintenance System - Enhanced (“SAMS-E”) in September 2010. GlobalSCAPE has provided more than a dozen engineers to work onsite at MAT facilities in Temple, Texas, and is now under contract to deliver more than $1 million of professional services support to the SAMS-E program during the government fiscal year 2011. This SAMS-E support represents the largest professional services engagement in GlobalSCAPE’s 15-year history. Under the contract terms, GlobalSCAPE is providing professional services to sustain integration of the Company’s Secure FTP Server™ and CuteFTP® solutions within the SAMS-E environment. In addition to the contracted services, GlobalSCAPE may deliver enhanced software solutions for SAMS-E under the subcontractor agreement.

During the first quarter, GlobalSCAPE also received additional workplace and solution recognitions. In January, GlobalSCAPE was named by one of the 2011 "Best Companies to Work for in Texas." This awards program, created in 2006, is a project of Texas Monthly, the Texas Association of Business (“TAB”), the Texas State Council of the Society for Human Resource Management, and Best Companies Group. The statewide survey and awards program identifies, recognizes, and honors the best places of employment in Texas. Companies from across the state competed to be named to the 2011 "Best Companies to Work for in Texas" list. One hundred companies were selected, all identified as benefiting the state's economy, its workforce, and businesses.

In addition, Info Security Products Guide recognized MIX as the winner of the 2011 Global Excellence Award in the Cloud category. The Info Security Products Guide, a leading information security advisory guide, honored the global award winners for their ground-breaking advancements in information security at an awards gala held in San Francisco during February. This year's Global Excellence Awards attracted entries from all over the world, and more than 50 judges from a broad spectrum of industries determined the winners. This award for MIX continues GlobalSCAPE's tradition of solution excellence. Enhanced File Transfer Server, the solution on which the MIX service is based, won Network Products Guide's 2010 Product Innovation Award for Managed File Transfer. The Product Innovation Award recognized Enhanced File Transfer Server for bringing innovative and essential capabilities to the information technology market.

Conference Call May 12, 2011 At 4:30 p.m. ET

GlobalSCAPE management will hold a conference call Thursday, May 12 to discuss the first quarter 2011 financial results and other corporate matters at 4:30 p.m. Eastern Time/3:30 p.m. Central Time. Those wishing to join should dial 1-800-380-1061 and use Conference ID # 62309027. A live webcast of the conference call will also be available in the investor relations page of the company's website at www.globalscape.com. A webcast replay of the conference call will be available on the Company’s website through June 12, 2011.

About GlobalSCAPE

GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San Antonio, TX, is a global provider of managed file transfer (MFT) and wide area file services (WAFS) solutions for securely exchanging critical information over the Internet, within an enterprise, and with business partners. Since the release of Cute FTP in 1996, GlobalSCAPE's solutions have continued to evolve to meet the business and technology needs of an increasingly interconnected global marketplace. For more information about GlobalSCAPE's products, visit www.globalscape.com or the Company’s Secure Info Exchange blog.

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," "possibly," "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.

Summary Financial Data


GlobalSCAPE, Inc.
Statements of Operations
(Unaudited)

Three Months Ended March 31,
(In thousands, except per share data) 2011 2010


OPERATING REVENUE:
Licenses $ 1,981 $ 2,462
Maintenance and support 2,220 1,775
All others 443 176
Total revenue 4,644 4,413

OPERATING EXPENSES:
Cost of revenues 369 102
SG&A expenses 3,194 2,909
R&D expenses 785 646
Depreciation and amortization 204 200
Total operating expenses 4,552 3,857

OPERATING INCOME 92 556

Other income - 1

INCOME BEFORE INCOME TAXES 92 557

PROVISION FOR INCOME TAXES 33 193

NET INCOME $ 59 $ 364

Net income per common share - basic 0.00 0.02
Net income per common share – diluted 0.00 0.02

Weighted average shares outstanding:
Basic 17,943 17,283
Diluted 18,699 17,876



GlobalSCAPE, Inc.
Balance Sheets

(In thousands, except share and per share data)

March 31,

2011


December 31,

2010
(Unaudited)
Assets
Cash and cash equivalents $ 11,413 $ 11,087
Accounts receivable (net of allowance for doubtful accounts of $167 and $237 on March 31, 2011 and December 31, 2010, respectively) 2,512 3,124
CoreTrace receivable 596 298
Federal income tax receivable - 94
Current deferred tax assets 902 881
Prepaid expenses 343 319
Total current assets 15,766 15,803

Fixed assets, net 1,187 1,286
Investment in CoreTrace 2,278 2,278
Intangible assets, net 455 531
Goodwill 619 619
Deferred tax assets 20 -
Other assets 37 30

Total assets $ 20,362 $ 20,547

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 540 $ 250
Accrued expenses 809 1,392
Income tax payable 5 -
Deferred revenue 5,442 5,554
Total current liabilities 6,796 7,196

Deferred tax liabilities - 7
Other long term liabilities 1,109 1,185

Commitments and contingencies - -

Stockholders’ equity:
Preferred stock, par value $0.001 per share, 10,000,000 authorized, no shares issued or outstanding - -
Common stock, par value $0.001 per share, 40,000,000 authorized, 18,346,982 issued at March 31, 2011 and December 31, 2010. 18 18
Additional paid-in capital 12,376 12,137
Treasury stock, 403,581 shares, at cost, at March 31, 2011 and December 31, 2010 (1,452 ) (1,452 )
Retained earnings 1,515 1,456
Total stockholders’ equity 12,457 12,159

Total liabilities and stockholders’ equity $ 20,362 $ 20,547



GlobalSCAPE, Inc.
Statements of Cash Flows
(Unaudited)

Three Months Ended March 31,
(In thousands) 2011 2010

Operating Activities:
Net income $ 59 $ 364
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt recoveries (79 ) (137 )
Depreciation and amortization 204 200
Stock-based compensation 258 263
Tax deficiency from stock-based compensation 19 -
Deferred taxes (48 ) (407 )
Changes in operating assets and liabilities:
Accounts receivable 691 72
CoreTrace receivable (298 ) -
Prepaid expenses (24 ) (62 )
Federal income tax receivable 80 594
Other assets (7 ) (1 )
Accounts payable 290 60
Accrued expenses (583 ) (167 )
Deferred revenues (112 ) 113
Other long-term liabilities (76 ) 4
Net cash provided by operating activities 374 896
Investing Activities:
Purchase of property and equipment (29 ) (22 )
Purchase of short-term investments - (350 )
Redemption of short-term investments - 905
Net cash provided by (used in) investing activities (29 ) 533
Financing Activities:
Tax deficiency from stock-based compensation (19 ) -
Net cash used in financing activities (19 ) -
Net increase (decrease) in cash 326 1,429
Cash at beginning of period 11,087 7,026
Cash at end of period $ 11,413 $ 8,455

Non-GAAP Financial Measures

Adjusted EBITDA
(In thousands)

We define Adjusted EBITDA as Net Income, plus Income Taxes, Total Other Income (Expense), Depreciation and Amortization, and non-cash charges for share-based compensation and asset impairments.

Adjusted EBITDA is a metric that is used in our industry by the investment community for comparative and valuation purposes. We disclose this metric in order to support and facilitate the dialogue with research analysts and investors.

Note that Adjusted EBITDA is not a measure of financial performance under accounting principles generally accepted in the United States (“GAAP”) and should not be considered a substitute for net income. Adjusted EBITDA has limitations as an analytical tool, and when assessing our operating performance, you should not consider Adjusted EBITDA in isolation, or as a substitute for net income or other income statement data prepared in accordance with GAAP. Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. See our Adjusted EBITDA to net income reconciliations in the table below.

Three Months Ended
(Unaudited)
March 31, March 31,
2011 2010

Net Revenue $ 4,644 $ 4,413

Income from operations $ 92 $ 556

Net income: $ 59 $ 364
Plus: Income taxes 33 193
Plus: Total other (income) expense 0 (1 )
Plus: Depreciation and amortization 204 200
Plus: Share-based compensation expense 258 263
Adjusted EBITDA $ 554 $ 1,019

Operating income margin 2.0 % 12.6 %

Adjusted EBITDA margin 11.9 % 23.1 %

Contact:

GlobalSCAPE, Inc.
Mendy Marsh, CFO, 210-308-8267
or
Summit IR Group, Inc.
Jim Fanucchi, 408-404-5400
ir@globalscape.com

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smith54a smith54a 13 years ago
Just for the record, it went over $3.00 this morning, 3.28.2011.
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MikeDDKing MikeDDKing 13 years ago
GlobalSCAPE Increases Engineering Effort on McLane Advanced Technologies (MAT) US Army Contract

Grows Contracted Services to More Than $1 Million for US Government FY2011

On Monday March 28, 2011, 7:00 am

SAN ANTONIO--(BUSINESS WIRE)-- GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information exchange solutions, announced today that the company has increased its engineering support as a subcontractor on the McLane Advanced Technologies (MAT) industry team that won the $52.3 million re-compete contract for the US Army Standard Army Maintenance System (SAMS-E) in September 2010. GlobalSCAPE has provided more than a dozen engineers to work onsite at MAT facilities in Temple, Texas, and is now under contract to deliver more than $1 million of professional services support to the SAMS-E program during the government fiscal year 2011.

Under the contract terms, GlobalSCAPE is providing professional services to support the SAMS-E program, including the Secure FTP Server™ and CuteFTP® solutions integrated into the SAMS-E environment. In addition to the contracted services, the company may deliver enhanced software solutions for SAMS-E under the subcontractor agreement.

“Our engineering support as part of the MAT team is the largest professional services effort in GlobalSCAPE’s 15-year history,” stated GlobalSCAPE Chief Operating Officer Craig Robinson. “We clearly have completed our transition from a product vendor several years ago to an enterprise solution provider with a strong professional services delivery capability. We intend to pursue additional long-term engineering services opportunities directly and with MAT.”

MAT executive vice president Bob Reeves commented, “GlobalSCAPE is a key member of our industry team, and we have been pleased with their ability to quickly scale up their professional services support to the SAMS-E program. We look forward to working together on this and other opportunities in the government and commercial sectors.”

As a maintenance systems modernization initiative, SAMS-E is a bridge between current system functionality and the US Army’s future Global Combat Support System (GCSS-Army). GlobalSCAPE has been helping the US Army ensure secure delivery of mission-critical data around the world since 2005. GlobalSCAPE has received several substantial product license and maintenance and support orders from the US Army, including a $2.7 million order in April 2009 and other orders in May 2007 and September 2005. GlobalSCAPE’s solutions were also featured in the July – August 2010 issue of Defense AT&L, a defense acquisition and logistics publication read by many Department of Defense decision makers.

The three-year contract awarded last September includes the first long-term professional services engagement in GlobalSCAPE’s history. Potential additional product sales in support of the SAMS-E program also are within the contract scope. “Our increased activity on the MAT team provides additional opportunities for us to demonstrate our enhanced solution capabilities, including technology we have developed since the last major award from the Army in 2009,” continued Robinson. “We believe the Army and other organizations dependent on secure information exchange should have the best possible equipment to support their mission needs.”

GlobalSCAPE products allow the US Army and other defense departments to comply with data security requirements, while minimizing the cost and timelines for both software development and sustainment. The company’s products use industry-standard secure protocols and have earned both the Federal Information Processing Standards (FIPS 140-2) certification and the Certificate of Networthiness (CoN) from the US Army’s Network Enterprise Technology Command. These certifications ensure the systems are in full compliance with federal and US Army technical and information security regulations and standards.

About McLane Advanced Technologies

McLane Advanced Technologies is a global logistics and technology solutions company built upon a bedrock of over 100 years of global supply chain, warehouse, distribution, and technology experience. Utilizing our rich history, we have grown into a recognized technology leader in the Distribution and Defense industries. For more information, please visit our website at www.mclaneat.com or call (254) 771-6414.

About GlobalSCAPE

GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San Antonio, TX, is a leading provider of secure information exchange solutions. Since the release of CuteFTP in 1996, GlobalSCAPE's solutions have continued to evolve to meet the business and technology needs of an increasingly interconnected global marketplace. Serving a customer base that spans more than 150 countries and includes the majority of Fortune 100 companies, GlobalSCAPE’s primary focus is providing customers with intuitive and efficient managed file transfer (MFT) solutions while also ensuring end-to-end security. For more information, visit www.globalscape.com, Blog, or Twitter.

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 2009 calendar year, filed with the Securities and Exchange Commission on March 30, 2010.

Contact:

New Venture Communications
Lauren Dresnick, 650-343-2735
ldresnick@newventurecom.com

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smith54a smith54a 13 years ago
I like this.
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