Market Overview

GlobalSCAPE Announces Reduction in Force as Part of Continued Cost Realignment


 (NYSE American: GSB)
today announced a reduction in force that is expected to generate
significant pre-tax savings.

The Company has been executing a strategy to streamline its organization
around its flagship offering – Enhanced File Transfer™ (EFT™). These
changes apply globally, although the changes are mainly focused in North
America. Part of this strategy is to enable GlobalSCAPE to better focus
on its customers running EFT while remaining agile enough to adjust to
market demands.

"GlobalSCAPE is making good progress with its transformation. This
reduction in force, while difficult, is an essential part of making the
organization a stronger technological partner for our customers, a
better investment for our shareholders, and a work environment rich with
opportunity for our employees," said Matt Goulet, president and chief
executive officer. "We are realigning our sales team to better service
our customers and finding more efficient operational processes."

The reduction will impact approximately 40 employees. Customary
transition assistance will be provided to affected employees.

Due to the reduction in force, the Company expects to incur total
restructuring charges in the third quarter 2018 of approximately
$400,000 on a pre-tax basis.

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 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
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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
actual results to differ significantly from those expressed or implied
by such forward-looking statements are risks that are detailed in the
Company's Annual Report on Form 10-K for the year ended December 31,
2017 filed with the SEC on June 14, 2018; the discovery of additional
information relevant to the internal investigation; the conclusions of
the Company's Audit Committee (and the timing of the conclusions)
concerning matters relating 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 GlobalSCAPE
resulting from the restatement or related matters; and the costs
associated with the restatement and the investigation.

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