SAN ANTONIO, Oct. 12, 2018 /PRNewswire/ -- GlobalSCAPE,
Inc. (NYSE American: GSB), a worldwide leader in the secure
movement and integration of data, announced today that its Board of
Directors has declared a quarterly cash dividend of $0.015 per share of common stock.
The dividend is payable on November 5,
2018 to shareholders of record at the close of business at
5 p.m. Eastern Time on October 22, 2018.
"The declaration of this cash dividend demonstrates the
confidence of the Board of Directors in our capital position,
strategy and continued ability to generate strong cash flow," said
Matt Goulet, GlobalSCAPE President
and CEO. "Today's announcement, and our recent stock buyback of
over four million shares, underscores our ongoing commitment to
delivering shareholder value while continuing to invest in the
company's future growth."
About GlobalSCAPE
GlobalSCAPE, Inc. (NYSE MKT: 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; reduction in our
cash and cash equivalents as a result of the recently completed
tender offer; 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 the tender offer
and other 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
Zintel
Public Relations
Matthew Zintel
matthew.zintel@zintelpr.com
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SOURCE GlobalSCAPE, Inc.