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

GC-Global Capital Corp.

January 14, 2010 09:30 ET

GC-Global Capital Corp. Provides Corporate Update on Its Bridge Loan Clients

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2010) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") pleased to provide its shareholders with an update on the corporate developments of several of its bridge loan client companies.

During the months of December, 2009 and January, 2010, Global Capital's client company, Cantronic Systems Inc. ("Cantronic") made several announcements including a revenue increase of 353% in the company's third quarter, an increase in adjusted EBITDA, new sales orders for its state-of-the-art thermal imaging camera systems from India and Indonesia and a $2,299,000 financing in the form of unsecured convertible debentures (the "Debentures"). The Debentures will mature on December 15, 2014 and will bear interest at 10% per annum, payable semi-annually. The Debentures are convertible, in whole or in part, at the option of the Debenture holder, into common shares in the capital of the company at $0.40 per share. In November 2009, Global Capital provided Cantronic with a 6 month secured bridge loan in the amount of $1,000,000 bearing interest at 12% per annum, payable monthly. As additional consideration for providing the loan, Global Capital was issued 200,000 common shares of Cantronic and paid a $10,000 structuring fee. Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.

iseemedia Inc. ("iseemedia"), a leading provider of Blackberry-like services to the mass mobile phone market, which Global Capital provided a 12 month secured $1,000,000 bridge loan to in June, 2009, announced the closing of a $2,719,600 private placement financing at $0.16 per unit in December, 2009. Global Capital's loan to iseemedia bears interest at 12% per annum, payable monthly and as consideration for providing the loan, Global Capital was issued 1,500,000 common shares of iseemedia at a deemed price of $0.09 per share. Within the last three months, iseemedia has made several announcements with regards to new contracts with international telecom service providers. iseemedia Inc. is a software development company focused on the commercialization of a Service Delivery Platform (iseemail™) for delivering Blackberry-like email services to the mass market and an advanced Content Delivery Platform (iseedocs™) for rich media adaptation and extremely cost-efficient delivery to mobile devices. The company maintains a broad portfolio of issued and pending patents that support authoring, streaming and interactive viewing.

In December, 2009, Bison Gold Resources Inc. (TSX VENTURE:BGE) ("Bison Gold") announced the approval of its application to list its common shares on the TSX Venture Exchange under the symbol "BGE". Bison Gold is a Canadian public company focused on exploring for high grade gold with property assets in Manitoba. Global Capital has provided a loan to Bison Gold in the form of a $250,000 secured convertible debenture bearing interest at 12% per annum and payable monthly. It is convertible into a unit with a conversion price of $0.10 per unit. Each unit consists of one common share of Bison Gold and one common share purchase warrant, exerciseable at $0.15 per warrant.

On December 14, 2009, LookNow Ltd. ("LookNow") entered into a definitive share exchange agreement with the capital pool company, GA Capital Corp. ("GAC") which contemplates the acquisition of all outstanding shares of LookNow through a share exchange (the "Transaction"). Upon completion of the Transaction, LookNow will become a wholly owned subsidiary of GAC and the Transaction is expected to constitute GAC's Qualifying Transaction. In November, 2009, Global Capital provided LookNow with a 6 month secured loan in the amount of $550,000 bearing interest at 12% per annum, payable monthly. As consideration for providing the loan, Global Capital was issued a bonus in the form of common shares of LookNow. LookNow, with offices in Ottawa and New York City, provides a free online academic productivity tool through its UniversityJunction.com website to help undergraduate students achieve better grades by learning more efficiently. It allows students to learn concepts outside of class by collaborating with classmates and students taking similar courses at any of another 118 universities that are presently available through the website.

Within the last 30 days, Knightscove Media Corp., ("Knightscove") a family focused Canadian entertainment company, announced several significant events. Knightscove announced the closing of a senior lending facility in the amount of $1,000,000 as well as the closing of a $410,000 private placement offering of 4,100,000 Units at a price of CDN$0.10 per Unit. The company executed an agreement to acquire the operations of Ellis Entertainment Corp., a 45 year old Canadian based producer and distributor of television product to over 150 countries, with a worldwide copyright to a film library consisting of approximately 600 titles. And finally, Knightscove announced the appointment of Mr. Dale Taylor as President of it's newly acquired US and Canadian cable and satellite network, KnightTV. Global Capital currently has an outstanding bridge loan with Knightscove in the amount of approximately $250,000, bearing interest at 12% per annum and payable monthly as well an equity bonus in the form of common shares. 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.

Chief Executive Officer, Jason Ewart commented, "We are happy to be providing this update to our shareholders at the start of the new year which highlights several corporate milestones that Global Capital's bridge loan clients have recently achieved."

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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