GC-Global Capital Corp.

GC-Global Capital Corp.

November 29, 2007 10:04 ET

GC-Global Capital Corp. Announces Its Financial Results for the Third Quarter Ended September 30, 2007

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2007) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce its financial results for the third quarter ending September 30, 2007.


- Net income before taxes for the third quarter of $642,145, an increase of 36% over Q3 in 2006;

- Earnings per share of $0.02 for the third quarter;

- Q3 revenues of $1,228,262 an increase of 35% over Q3 in 2006;

- Loan portfolio of $14.6 million;

- Net assets totaling $23.5 million or $1.15 per share compared to $23.2 million or $1.13 per share at the end of Q2, 2007;

- Fifteenth consecutive quarterly profit.

Management's Third Quarter Comments

For the third quarter of 2007, Global Capital had net income before taxes of $642,145 compared to an income before taxes of $470,994 for the same period in 2006. As at September 30, 2007 Global Capital had net assets totaling $23.5 million compared to $23.2 million as at June 30, 2007, or $1.15 per share compared to $1.13 per share as at June 30, 2007. The increase in net asset value is primarily due to the net income of $0.02 per share for the third quarter of 2007.

Chief Executive Officer, Jason Ewart commented, "The Global Capital management team was pleased with the results in the third quarter. Given the state of the world credit markets, we are happy to report another profitable quarter." He added "Our client companies, such as Homeland Energy Corp., have continued to progress with their business operations and we continue to be satisfied with our pipeline of deal flow."

General Corporate Update

Given the continuing downturn in the US sub-prime debt market, Global Capital would like to comment on its current business model and lending criteria. As outlined in the Company's second quarter press release in August of this year, the Company would like to reiterate that it does not provide bridge loans to the US or Canadian sub-prime mortgage market. Global Capital finances its loans with equity and does not use excessive leverage. Presently, Global Capital has no debt. With the recent pressures being exerted on the capital markets, the Company has seen an increase in the volume of bridge loan demands, which Global Capital will continue to review, select and underwrite in a prudent manner.

A full set of unaudited financial statements and related notes have been filed on SEDAR and are available on the Company's website at www.gcglobalcapital.ca.

Global Capital's subordinate voting shares trade on the TSX Venture Exchange under the symbol "GDE.A".

Forward-Looking Information

These materials include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials. Important factors that could cause actual results to differ materially from the Company's expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company's documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

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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