GlobalSCAPE Announces Rescheduling of Conference Call and Revenue for First Six Months of 2008
14 Août 2008 - 9:22PM
Business Wire
GlobalSCAPE, Inc. (AMEX: GSB), a leading developer of file centric
software for the Internet, announced today that it has rescheduled
its quarterly conference call, previously scheduled for August 14,
2008. The conference call will now be held on August 19, 2008 at
4:00 p.m. Central Time. GlobalSCAPE also announced that it had
filed a Form 12b-25, Notification of Late Filing, with respect to
the filing of its Quarterly Report on Form 10-Q ended June 30,
2008. GlobalSCAPE anticipates that it will file the Form 10-Q on or
before August 19, 2008. GlobalSCAPE also announced its revenue
results for the three and six months ended June 30, 2008. Revenue
for the three months and six months ended June 30, 2008 were
$4,213,066 and $8,268,885, respectively. This compares to revenue
of $6,418,025 and $10,041,172, respectively, for the three and six
months ended June 30, 2007. The decrease was largely due to a
non-recurrent sale to the U.S. Army for approximately $2.8 million
that occurred during the second quarter of 2007. Were it not for
this non-recurring sale, revenue for the three month period ended
June 30, 2008 would have increased by $595,000 and by $1,027,000
for the six months ended June 30, 2008. David L. Mann,
GlobalSCAPE�s interim President stated �We have previously
announced that revenue in our core business would remain steady in
a range of $4.0 million to $4.5 million per quarter for the first
three quarters of this year. We are pleased to report that revenue
for the quarter ended June 30, 2008 was within this range and that
revenue for the first six months of this year was also within this
range. In addition, as we announced earlier this year, we are in
the process of introducing new products that we believe will help
us increase our revenues by the fourth quarter of this year. I am
pleased to announce that we have added several significant products
already this year.� CuteSendIt.com, a Software as a Service (SaaS)
solution launched in early July, is already getting traction. The
service helps our customers to easily send large files to their
clients and business partners without the headache of email
attachments. We expect that CuteSendIt will not only build a steady
source of recurring revenue through subscriptions, but will also be
a source of new leads for our enterprise products. So far, we have
positive results on both fronts. The CuteSendIt marketing strategy
will continue to leverage the brand recognition of the CuteFTP
product line. EFT Server�s AS2 add-on module, also released in
July, is receiving strong interest from prospects and customers.
The AS2 module allows organizations to securely and reliably
exchange Electronic Data Interchange (EDI) messages with their
trading partners. AS2 expands EFT Server�s potential customer base
beyond Manager File Transfer into the larger B2B Gateway and
Enterprise Application Integration (EAI) market spaces. CuteFTP
Lite, released in August, is an entry-level FTP product with a very
simple user interface, for customers who may not need the more
advanced features of CuteFTP Home and Pro. CuteFTP Lite also
provides a lower-priced offering without devaluing our Home and Pro
products. This lower price point will allow GlobalSCAPE to pursue
emerging markets more aggressively and will also allow us to pick
up a greater portion of our trial users. Mr. Mann added, �While we
are always pleased to have large sales such as the sale to the U.S.
Army which occurred in 2007, we believe that our core business will
continue to grow, particularly as our new products gain market
acceptance.� 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 100,
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. 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,� �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 2007
calendar year, filed on March 26, 2008 with the Securities and
Exchange Commission.
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