GC-Global Capital Corp.

GC-Global Capital Corp.

August 29, 2011 16:30 ET

GC-Global Capital Corp. Announces its Financial Results for the Second Quarter Ended June 30, 2011

TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce its financial results for the second quarter ending June 30, 2011.

Results from the Second Quarter
- Second quarter revenues of $276,896 versus $232,773 in the second quarter of 2010;
- Net loss for the second quarter of $599,949 compared to $396,856 in Q2, 2010;
- Loss per share of $0.03 for the second quarter;
- Net asset value per share of $0.78 at quarter end;
- Healthy cash and short-term investments balance of $2.9 million at the end of the quarter.

Management's Second Quarter Comments

As at June 30, 2011 Global Capital had net assets totaling $14.6 million or $0.78 per share compared to $15.6 million or $0.81 per share as at December 31, 2010. Net loss for the six months ended June 30, 2011 was $229,706 (2010 – net income of $28,869) Net loss for the quarter ended June 30, 2011 was $599,949 (2010 – $396,856).

A full set of unaudited financial statements and related notes have been filed on SEDAR.

About GC-Global Capital Corp.

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.

Forward-Looking Information

These materials include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials. Important factors that could cause actual results to differ materially from the Company's expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company's documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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