Cantronic Systems Inc.

Cantronic Systems Inc.

November 17, 2009 16:53 ET

Cantronic Systems Inc. and GC-Global Capital Enter Into $1,000,000 Loan Agreement

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2009) - Cantronic Systems Inc. (TSX VENTURE:CTS) ("Cantronic") and GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of $1,000,000. The net proceeds of the Loan shall be used to fulfill new contract orders and general working capital purposes.

"Throughout 2009, Cantronic has continued to achieve new corporate milestones in terms of contract announcements, increasing international market share for its products and posting year-over-year growth in quarterly sales. We are pleased to be able to provide the current financing to Cantronic and are looking forward to working with Cantronic to further finance Cantronic's growth," said Global Capital's C.E.O., Jason Ewart.

The six-month Loan bears interest at 12% per annum, compounded and 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. The common shares issued pursuant to the Loan will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation.

About Cantronic Systems Inc.

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 homeland security and surveillance applications.

Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its feverscan thermal imaging camera systems which have been widely deployed in public facilities such as airports, railway stations, and border crossings worldwide during the SARS (Avian/Bird Flu) outbreak in 2003 as well as during the swine (H1N1) Flu pandemic in 2009.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO") and Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River"), provides digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit their websites at and

About Global Capital

Global Capital is a merchant bank, which provides bridge loan services, 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

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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