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GlobalSCAPE® Announces Appointment Of Desiree Smith To Lead Company’s Financial Operations

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

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

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

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

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

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

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