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

GC-Global Capital Corp.

January 17, 2006 09:30 ET

GC-Global Capital Corp. Announces Conversion of $1.28 Million VIQ Solutions Inc. Debenture into Equity and Sale of Common Shares

TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2006) - GC-Global Capital Corp. (TSX VENTURE:GDE.SV.A) (formerly Global (GMPC) Holdings Inc.) announces that it has converted the entire principal value of its $1,280,000 secured convertible debenture in VIQ Solutions Inc. ("VIQ Solutions") (TSX Venture Exchange "VQS"), issued on January 14, 2005, into Units of VIQ Solutions. The secured convertible debenture had a conversion price of $0.18 per Unit. Global was issued an aggregate of 7,111,111 common shares and 3,555,555 warrants on the conversion. Each warrant is exercisable into one common share of VIQ Solutions at a price of $0.30 until September 30, 2007. Global has sold the 7,111,111 common shares at prices ranging from $0.25 to $0.26 per share. The company continues to retain its warrants in VIQ Solutions.

"Global has been pleased in working with VIQ Solutions' management over the last year. The company has made substantial progress with its business development. Going forward, the conversion of this debenture will provide VIQ with improved financial strength while at the same time providing Global and its shareholders with a very positive return on its bridge loan." said Jason Ewart, Global's Chief Executive Officer. He added, "We believe that VIQ Solutions is positioning itself for long-term growth and profitability."

About VIQ Solutions Inc.

VIQ Solutions is recognized as a global provider in the digital audio industry with innovative product and service-based solutions for voice-driven systems in the legal, medical, business, and government industries. VIQ Solutions provides an integrated range of digital record workflow solutions, including digital audio and video capture, workflow management software, transcription services, interactive electronic scheduling, and case management integration, all from one central, secure database. Additional information about VIQ Solutions may be obtained at www.viqsolutions.com.

About Global

Global 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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