Comprehensive Sales and Marketing Strategy Yields Strong Financial Performance For 1H2007
 

FOR IMMEDIATE RELEASE, Haddon Township, NJ—June 30, 2007. GlobalSubmit Inc., a leading developer of software designed exclusively for the review and validation of eCTD global submissions, today reported strong sales of its two flagship applications - GlobalSubmit REVIEW™ and GlobalSubmit VALIDATE™. Version 4.0 of GlobalSubmits' product suite was released in early January with impressive results thus far. As adoption of the eCTD increases, GlobalSubmit is experiencing significant market momentum.

GlobalSubmit attributes the growth and market momentum to its new sales and marketing strategy, implemented during the first half of the year. The company revised its brand image, established a new sales and marketing department headquarters in Chicago, and began an aggressive lead generation and market education campaign to drive revenue and growth.

Summarizing performance during the first half of the year, Rahul Mistry, Chief Executive Officer of GlobalSubmit, commented, "We are delighted with market acceptance of our products this year. The addition of a new marketing and sales team has delivered impressive results. We believe this growth will continue throughout the remainder of the year."

Complimentary to the company's product strategy was the development of a comprehensive professional services portfolio to promote eCTD preparedness and implementation. The eCTD Pilot™ and eCTD Readiness™ service offerings are among many strategic services offered by GlobalSubmit to facilitate eCTD adoption.

GlobalSubmit has been actively involved with key standards development organizations, including HL7, CEN, CDISC, and others. Through these initiatives, the company hopes to improve current market offerings and provide thought leadership throughout the global life sciences community.
 

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