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

GC-Global Capital Corp.

November 12, 2009 09:30 ET

GC-Global Capital Corp. and LookNow Ltd. Enter Into $550,000 Loan Agreement

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2009) - GC-Global Capital Corp. (TSX VENTURE:GDE.A)("Global Capital") and LookNow Ltd. ("LookNow") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of $550,000.

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.

The six month secured Loan bears 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.

"We are pleased to be able to provide financing to an exciting company like LookNow. The company recently launched its services to 118 universities across North America and these funds will allow LookNow to continue growing the scale of its operations," said Global Capital's C.E.O., Jason Ewart. He added "UniversityJunction.com aims to revolutionize the way students study, choose their courses, source materials and interact with their peers. The management team, headed up by Leighton Powell, has a great track record of building strong technology companies and we are pleased to be working with them on their latest venture."

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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