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

GC-Global Capital Corp.

August 29, 2007 09:30 ET

GC-Global Capital Corp. Announces its Financial Results for the Second Quarter Ended June 30, 2007

TORONTO, ONTARIO--(Marketwire - Aug. 29, 2007) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce its financial results for the second quarter ending June 30, 2007.

Highlights

- Net income before taxes for the second quarter of $772,089, an increase of 34% over Q2 in 2006;

- Earnings per share of $0.03 for the second quarter;

- Q2 revenues of $1,466,766, an increase of 40% over Q2 in 2006;

- Loan portfolio increased 55% to $16.5 million, as compared to $10.6 million at the end of Q1, 2007;

- Net assets totaling $23.2 million or $1.13 per share compared to $22.2 million or $1.09 per share at the end of Q1, 2007;

- Fourteenth consecutive quarterly profit.

Management's First Quarter Comments

For the second quarter of 2007, Global Capital had net income before taxes of $772,089 or $0.03 per share compared to an income before taxes of $576,313 or $0.03 per share for the same period in 2006. As at June 30, 2007 Global Capital had net assets totaling $23.2 million compared to $22.2 million as at March 31, 2007 or $1.13 per share as compared to $1.09 per share as of March 31, 2007. The increase in net asset value is primarily due to the net income of $0.03 per share for the second quarter of 2007.

Chief Executive Officer, Jason Ewart commented, "We were pleased with the results in the second quarter. With the completion of the $5.5 million equity offering during the first quarter, Global Capital's management team was able to put that capital to work in the form of bridge loans in a timely manner thereby increasing the loan portfolio by 55% to $16.5 million as compared to $10.6 million at the end of the first quarter."

General Corporate Update

Given continuing downturn in the US sub-prime debt market, Global Capital would like to comment on its current business model and lending criteria. The Company does not provide bridge loans to the US or Canadian sub-prime mortgage market. Global Capital finances its loans with equity and does not use excessive leverage. Presently, Global Capital has no debt. With the recent pressures being exerted on the capital markets, the Company has seen an increase in the volume of bridge loan demands, which Global Capital will continue to review, select and underwrite in a prudent manner.

A full set of unaudited financial statements and related notes have been filed on SEDAR and are available on the Company's website at www.gcglobalcapital.ca.

Global's subordinate voting shares trade on the TSX Venture Exchange under the symbol "GDE.A".

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.

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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