GC-Global Capital Corp.

GC-Global Capital Corp.

November 26, 2009 09:30 ET

GC-Global Capital Corp. Announces Its Financial Results for the Third Quarter Ended September 30, 2009

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2009) - GC-Global Capital Corp. ("Global Capital")(TSX VENTURE:GDE.A) is pleased to announce its financial results for the third quarter ending September 30, 2009.

Highlights from the Third Quarter

- Revenue of $1,990,217 compared to $160,253 for the same period in 2008;
- Net income for the quarter of $842,886 compared to $7,689 for the same
period in 2008;
- Earnings per share of $0.04 for the quarter, compared to $0.00 per share
for the same period in 2008;
- Company continues to maintain a strong balance sheet and increasing
bridge loan portfolio.

Management's Third Quarter Comments

For the third quarter Global Capital had revenue of $1,990,217 compared to revenue of $160,253 for the same period in 2008. Net income was $842,886 or $0.04 per share compared to a net income of $7,689 or $0.00 per share for the same period in 2008. As at September 30, 2009, Global Capital had net assets totaling $20.4 million or $1.02 per share compared to $19.7 million or $0.98 per share as of December 31, 2008.

For the nine months ended September 30, 2009, Global Capital had net income of $508,618 or $0.03 compared to a net income of $1,725,492 or $0.08 per share for the same period in 2008.

Chief Executive Officer, Jason Ewart commented, "We were pleased with the Company's increasing profitability during the third quarter. Our volume of bridge loans increased during the second half of 2009 and we are excited about the pipeline of bridge loan transactions we are currently reviewing."

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 (asset back/collateralized financing), 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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