GC-Global Capital Corp.
TSX VENTURE : GDE.A

GC-Global Capital Corp.

September 26, 2007 09:30 ET

GC-Global Capital Corp. Announces Completion of a $600,000 Loan to Knightscove Media Corp.

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce the completion of a loan ("Loan") in the principal amount of $600,000 to Knightscove Media Corp. (TSX VENTURE:KC)(OTCQX:KCMDF). The Loan will bear interest at 12% per annum, payable monthly and incur a structuring fee of 2% at closing. This is Global Capital's second loan to Knightscove, which was previously named Queen Street Entertainment Capital Inc. prior to its acquisition of Morningstar Entertainment Inc. in May, 2007. Global Capital's first loan was repaid in full in June, 2007.

The Loan is secured by a first ranking security interest in favour of Global Capital on Knightscove. The Loan is repayable on March 15th, 2008.

As consideration for providing the Loan, Global Capital will be issued 200,000 common shares of Knightscove, at a deemed price of $0.30 per share. The shares issued will be subject to a 4-month hold period to January 27th, 2008.

The Loan proceeds will be used by Knightscove to make its final payment to Kaleidoscope Entertainment for the acquisition of Morningstar as well as general corporate purposes and future acquisitions. Mr. Jason Ewart, the C.E.O. of Global Capital, will be joining the Board of Directors of Knightscove.

About Knightscove and Morningstar:

Knightscove Media Corp. along with its wholly owned subsidiaries, Morningstar Entertainment Inc. ("Morningstar") and Knightscove Family Films Inc., is an integrated Canadian entertainment company specializing in the distribution, acquisition and creation of high quality live-action feature films and television productions for the whole family. With the acquisition of Morningstar, one of Canada's leading independent home entertainment distribution companies in the home video and DVD markets, Knightscove has executed the first step in its strategy to distribute family film product to the theatrical, home video/DVD, pay, specialty and free television markets in North America and internationally. Established 15 years ago, Morningstar has over 1,400 titles in its DVD library. Additional information regarding the business of Knightscove may be found on www.knightscove.com.

About Global Capital

Global Capital is a merchant bank, which provides bridge loan services (asset back/collateralized financing), to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

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