GC-Global Capital Corp.

GC-Global Capital Corp.

April 30, 2008 09:30 ET

GC-Global Capital Corp. Announces its Financial Results For The Year Ended December 31, 2007

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce its financial results for the year ended December 31, 2007.


- Net income for the year of $2.96 million ($0.15 per share);

- Loan and convertible debenture portfolio increased 16% to $13.5 million in 2007, as compared to $11.6 million in 2006;

- Net asset value per share of $1.23;

- Total assets increased 28% to $25.6 million as at December 31, 2007 as compared to $20.0 million as at December 31, 2006;

- Strong balance sheet with no debt.

2007 Operating Results

As at December 31, 2007, Global Capital had net income of $2.96 million or $0.15 per share compared to a net income of $2.3 million or $0.15 per share in 2006.

As at December 31, 2007, Global Capital had a loan and convertible debenture portfolio of $13.5 million that included companies in such industries as mining, information technology, real estate, consumer products and family film distribution. The loans were provided to public companies, private companies and individuals. In addition, at year end Global Capital had $3.4 million in cash and short term investments, $5.0 million in portfolio investments, $0.6 million in investment property, $1.9 million in other assets and $1.1 million in future income taxes.

Chief Executive Officer, Jason Ewart said, "2007 was our fourth full year of operations at Global Capital. We are pleased to report to our shareholders a healthy profit, a growing loan portfolio and an increase in the net asset value per share." He added, "Looking out into 2008, we continue to see a high volume of bridge loan deal flow and feel that our stock price today offers investors a truly compelling value proposition when considering our current net asset value per share combined with our four year track record of operations and an annual dividend payment to our shareholders."

Subsequent to Year End

On April 1, 2008, Global Capital declared a cash dividend of $0.06 per share payable to shareholders of Global Capital's subordinate voting and multiple voting shares. The dividend is payable May 30, 2008, to shareholders on record on April 30, 2008. This marks the fourth year in a row that Global has paid a cash dividend to its shareholders.

2007 Audited Financial Statements and MD&A

A full set of the 2007 audited financial statements and the Management Discussion & Analysis have been filed on SEDAR and are available on the Company's website at www.gcglobalcapital.ca.

Global Capital's 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 GC-Global Capital Corp.

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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