GC-Global Capital Corp.

GC-Global Capital Corp.

June 24, 2009 09:41 ET

GC-Global Capital Corp. and iseemedia Inc. Enter Into $1,000,000 Loan Agreement

TORONTO, ONTARIO--(Marketwire - June 24, 2009) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") and iseemedia Inc. (TSX VENTURE:IEE) ("iseemedia") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of $1,000,000. The twelve month secured Loan bears interest at 12% per annum, payable monthly.

As consideration for providing the Loan, Global Capital will be issued 1,500,000 common shares of iseemedia at a deemed price of $0.09 per share.

"We are pleased to be able to provide financing to an exciting company like iseemedia. They are a past client of ours and we have kept ourselves updated on their growth for the last two years." said Global Capital's C.E.O., Jason Ewart. He added "iseemedia is positioned within one of the fastest growing business sectors - Wireless communications. We believe that iseemedia is now at the point where their years of research and development will pay off in 2009 through the signing of new contracts for their Wireless software applications."

"This financing will be instrumental in delivering our wireless solutions to carriers that are now planning to go live in the coming months," said Anthony DeCristofaro, President and Chief Executive Officer. "Global understands and is committed to the potential growth opportunity that our Company is focused on."

About iseemedia

iseemedia Inc. is a software development company focused on the commercialization of advanced, rich content adaptation and distribution solutions for Web and wireless applications. The Company maintains a portfolio of issued and pending wireless and imaging patents that support authoring, streaming and interactive viewing of content. For further information, please contact David Berman, CFO at (416) 761-5293 or visit iseemedia's website at www.iseemedia.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. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global's website at www.gcglobalcapital.ca .

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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