SAN ANTONIO, April 1, 2019 /PRNewswire/ -- The Board of
Directors of GlobalSCAPE, Inc. (NYSE American: GSB),
announced today, with deep sadness, the unexpected death of its
President and CEO, Matthew C.
Goulet.
"The GlobalSCAPE team is greatly saddened by Matt's passing,"
said Robert Alpert, Chairman of
GlobalSCAPE's Board of Directors and Interim CEO. "Matt was an
extraordinary person and a dynamic leader. He made vast
contributions to our business. Our thoughts and prayers are with
Matt's family and loved ones."
Alpert continued, "During his tenure as CEO, Matt built an
experienced and talented leadership team to run the daily
GlobalSCAPE operations. Because of Matt's foresight and
vision, GlobalSCAPE is proud to draw from its deep bench and
announce the internal promotions of Michael
P. Canavan and David C. Mello
to Executive Vice Presidents at the Company. Mike will
continue to oversee Sales and Marketing, while Dave will continue
to manage Technical Services and Engineering. The GlobalSCAPE
team will continue to provide outstanding service to its customers
and stakeholders."
Alpert concluded, "Matt was a dear friend to us all—we will
greatly miss him. We are forever grateful for his
contributions to the Company and all of its stakeholders. Matt
leaves GlobalSCAPE in the best position since the Company's
founding over two decades ago, with palpable momentum across the
business. While preliminary and unaudited, we expect Q1 2019
financial results to exhibit strong double-digit year over year
revenue growth, alongside a continued focus on operating
profitability. The Company ended the first quarter with a
fortress balance sheet, with over $14
million in cash and cash equivalents and no debt. The
GlobalSCAPE family intends to honor Matt's legacy by continuing to
execute upon the strategic vision laid out by Matt during his
tenure as President and CEO."
GlobalSCAPE's Board of Directors has named Robert Alpert, Chairman of the Board, as Interim
CEO while the search for a permanent replacement
begins.
About GlobalSCAPE
GlobalSCAPE, Inc. (NYSE American:
GSB) is a pioneer in securing and automating the movement and
integration of data seamlessly in, around and outside your
business, between applications, people and places, in and out of
the cloud. GlobalSCAPE provides cloud services that automate your
work, secure your data, and integrate your applications – while
giving visibility to those who need it. GlobalSCAPE makes business
flow brilliantly. Visit www.globalscape.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," "expect," 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 the actual results of
the operations or financial condition of the Company to differ
materially from those expressed or implied by forward-looking
statements include, but are not limited to, the overall level of
consumer spending on our products; general economic conditions and
other factors affecting consumer confidence; disruption and
volatility in the global capital and credit markets; the Company's
ability to protect patents, trademarks and other intellectual
property rights; any breaches of, or interruptions in, our
information systems; legal, regulatory, political and economic
risks in international markets; the results of our reduction in
force; the discovery of additional information relevant to the
internal investigation; the possibility that additional errors
relevant to the recently completed restatement may be identified;
pending litigation and other proceedings and the possibility of
further legal proceedings adverse to the Company resulting from the
restatement or related matters; the costs associated with the
restatement and the investigation, pending litigation and other
proceedings and possible future legal proceedings; and our
decreased "public float" (the number of Shares owned by
non-affiliate stockholders and available for trading in the
securities markets) as a result of share repurchases. More
information on potential risks and other factors that could affect
the Company's financial results is included from time to time in
the Company's public reports filed with the SEC, including the
Company's Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, and Current Reports on Form 8-K. All forward-looking
statements included in this press release are based upon
information available to the Company as of the date of this press
release and speak only as of the date hereof.
GlobalSCAPE Investor Relations Contact:
ir@GlobalSCAPE.com
GlobalSCAPE Public Relations Contact:
matthew.zintel@zintelpr.com
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SOURCE GlobalSCAPE, Inc.