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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of GlobalSCAPE, Inc.
[August 23, 2017]

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of GlobalSCAPE, Inc.


Levi & Korsinsky announces it has commenced an investigation of GlobalSCAPE, Inc. ("GlobalSCAPE" or the "Company") (NYSEMKT: GSB) concerning possible violations of federal securities laws.

On August 7, 2017, the Company disclosed 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 "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 andyear ended December 31, 2016, by approximately $403,000 and $396,000, respectively." To obtain additional information, go to:



http://www.zlkdocs.com/GSB-Info-Request-Form-6048

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.


Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.


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