GC-Global Capital Corp.

GC-Global Capital Corp.

December 07, 2010 09:32 ET

GC-Global Capital Corp. Announces That Its Client Company, Cantronic Systems Inc., has Completed a $2,500,000 Private Placement Offering

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2010) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce that its client company, Cantronic Systems Inc. ("Cantronic") (TSX VENTURE:CTS) announced the completion of a private placement offering for gross proceeds of $2,471,850. Cantronic has issued 8,239,500 Units at a price of $0.30 per Unit. Each Unit consists of one common share in the capital of Cantronic (a "Share") and half of one common share purchase warrant, (each whole warrant a "Warrant") with each Warrant entitling the holder thereof to purchase one additional Share (a "Warrant Share"), at an exercise price of $0.45 per Warrant Share for a period of 2 years following the closing date of the Offering. Net proceeds of the offering will be used for general corporate purposes.

Chief Executive Officer of Global Capital, Jason Ewart, commented "Since November, 2009, when Global Capital provided its first bridge loan to Cantronic, the company has expanded its operations. During the fall of 2010, Cantronic Systems reported a second quarter that showed a year-over-year increase of quarterly sales of 29.6%, entered a strategic cooperative leasing agreement with International Far Eastern Leasing Co., Ltd. and was awarded a new supply contract with a South Korean Defence Integrator." He added "With the proceeds from their recent $2.5 million equity financing we look forward to following Cantronic's progress in 2011."

Subsequent to the closing of the private placement, Global Capital's bridge loan to Cantronic has been fully repaid.

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. In 2009, the Company launched the GC-Global Capital Lending Partners Limited Partnership (the "Fund") which provides secure bridge loans to micro-cap and small-cap companies. The Fund's investment objective is to provide investors with a high yield and the preservation of capital. As the General Partner of the Fund, Global Capital participates alongside the fund in these bridge loan transactions and receives a management fee and performance bonus for its services. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit our website at www.gcglobalcapital.ca.

About Cantronic Systems Inc.

Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for homeland security and surveillance applications.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic, through its China subsidiaries Actiontop Electronics, Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO") and Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River"), provides digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the Exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at www.cantronics.com and www.qwip.com.

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.

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