GlobalSCAPE Announces Plan to Launch Modified Dutch Auction Tender Offer - Seite 2

The Company’s directors and executive officers, and their respective affiliates, are entitled to participate in the Tender Offer on the same basis as all other stockholders. Thomas W. Brown, David L. Mann, Robert Alpert and C. Clark Webb, directors of the Company, have indicated that they intend to participate in the Tender Offer, although no final decision has been made as to the amount of Shares to be tendered. We are not aware of any other officers or directors that have determined to participate in the Tender Offer at this time. In addition, 210/GSB Acquisition Partners, LLC, an entity affiliated with Robert Alpert and C. Clark Webb, and a holder of approximately 18% of the outstanding Shares, has indicated that it has not made a determination at this time as to whether it will participate in the Tender Offer.

“GlobalSCAPE believes this Tender Offer provides an efficient mechanism for shareholders looking to monetize all, or a portion of, their stock at a potential premium to the Company’s current share price, and is consistent with its long-term goal of maximizing shareholder value,” said Matt Goulet, President and CEO of GlobalSCAPE.

Stephens Inc. will serve as sole dealer manager for the Tender Offer. D.F. King & Co., Inc. will serve as information agent for the Tender Offer. Stockholders with questions, or who would like to receive additional copies of the Tender Offer documents once they are available, may call D.F. King & Co., Inc. at [phone] or email [e-mail].

About GlobalSCAPE, Inc.

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 people and places, in and out of the cloud. GlobalSCAPE provides technology that automates your work and secures your data, while giving visibility to those who need it. GlobalSCAPE makes business flow brilliantly. For more information, visit http://www.globalscape.com or follow the blog and Twitter updates.

Additional Information Regarding the Tender Offer

The Tender Offer described in this press release has not yet commenced. This press release is for informational purposes only. This press release is not a recommendation to buy or sell Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Shares or any other securities. On the commencement date of the Tender Offer, a Tender Offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related materials, will be filed with the United States Securities and Exchange Commission (the “SEC”) by the Company. The Tender Offer will only be made pursuant to the offer to purchase, the letter of transmittal and related materials filed as a part of the Schedule TO. Stockholders should read carefully the offer to purchase, letter of transmittal and related materials (including the documents and information incorporated by reference therein) because they contain important information, including the various terms of, and conditions to, the Tender Offer. Once the Tender Offer is commenced, stockholders will be able to obtain a free copy of the Tender Offer statement on Schedule TO, the offer to purchase, letter of transmittal and other documents that the Company will be filing with the SEC at the SEC’s website at www.sec.gov or by calling or emailing D.F. King & Co., Inc., the information agent for the Tender Offer, at [phone] or email [e-mail]. Stockholders are urged to read these materials, when available, carefully prior to making any decision with respect to the Tender Offer.