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GlobalSCAPE, Inc.

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of GlobalSCAPE, Inc. (NYSE: GSB) resulting from allegations that GlobalSCAPE may have issued materially misleading business information to the investing public.

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Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duty By Management of GlobalSCAPE, Inc. - GSB

New York, N.Y., November 15, 2017. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of GlobalSCAPE, Inc. (NYSE: GSB) resulting from allegations that management may have issued materially misleading business information to the investing public.

On August 7, 2017, GlobalSCAPE revealed during aftermarket hours that its Audit Committee “has been conducting an investigation into certain transactions in the fourth quarter of 2016 involving improper arrangements with customers that circumvented the Company’s internal controls and their potential effect on previously reported revenue.” GlobalSCAPE further revealed that, based on the investigation, “the improper arrangements with customers that circumvented the Company’s internal controls have the effect of overstating the reported amounts of accounts receivable as of December 31, 2016, and license revenue for the three months and year ended December 31, 2016, by approximately $403,000 and $396,000, respectively.”

If you currently own shares of GlobalSCAPE, please visit the firm’s website at http://www.rosenlegal.com/cases-1183.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com