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

GC-Global Capital Corp.

November 28, 2006 09:30 ET

GC-Global Capital Corp. Announces its Financial Results for the Third Quarter Ended September 30, 2006

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - GC-Global Capital Corp. ("Global")(TSX VENTURE:GDE.A) announces its financial results for the third quarter ending September 30, 2006.

Highlights

- Net income before taxes for the third quarter of $470,994;

- Earnings per share before taxes of $0.03 for the third quarter;

- Net income before taxes for the first nine months of the year of $1,648,556 or $0.11 per share;

- Net asset value per share of $1.13 plus another $0.01 in unrealized gains on Global's portfolio investments, convertible securities and warrants;

- Total loans arranged during the first nine months of the year were $10.4 million;

- Eleventh consecutive quarterly profit;

- Year over year organic growth in earnings before taxes of 56%;

- Ranked 1st in profit growth and 20th in revenue growth in the seventh annual PROFIT HOT 50, the definitive ranking of emerging Canadian growth companies.

Management's Third Quarter Comments

As at September 30, 2006 Global had net assets totaling $17.7 million compared to $16.8 million as at December 31, 2005 or $1.13 (December 31, 2005 - $1.07) per share plus another $0.01 in unrealized gains (December 31, 2005 - $0.11) on Global's portfolio investments. On May 31, 2006, Global paid a cash dividend of $0.04 per share to its shareholders.

For the three-month period ending September 30, 2006, Global had net income before taxes of $470,994 or $0.03 per share compared to an income of $904,455 or $0.08 per share for the same period in 2005. The higher net income before taxes in 2005, can be attributed to approximately $949,972 in non-recurring gains of sales of investments by E & E Capital Funding Inc., the company that Global merged with in December, 2005.

For the nine-month period ending September 30, 2006, Global had net income before taxes of $1,648,556 or $0.11 per share compared to income before taxes of $2,863,431 or $0.21 per share for the same period in 2005. The higher net income before taxes in 2005, can be attributed to approximately $2,026,763 in non-recurring gains of sale of investments by E & E Capital Funding Inc., the company that Global merged with in December, 2005.

Management would like to highlight that the Company's 'organic' earnings growth before taxes for the nine-month period ended September 30, 2006, which does not include E & E Capital Funding Inc.'s 2005 net income that was attributed to its non-recurring capital gains, was 56%.

Chief Executive Officer, Jason Ewart commented, "We are pleased with our results during the first nine months of 2006." He added, "We ended the quarter with a healthy amount of liquidity in the form of $2.5 million in cash and short term investments, from which we will continue to deploy as bridge loans in the fourth quarter."

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

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

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.

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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