GC-Global Capital Corp.

GC-Global Capital Corp.

October 07, 2010 09:30 ET

GC-Global Capital Corp. Announces That Its Client Company, Iseemedia Inc. Has Completed a $3,000,000 Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2010) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) is pleased to announce that its client company, Iseemedia Inc. ("Iseemedia") (TSX VENTURE:IEE) announced the completion of a private placement offering for gross proceeds of $3,000,000. This offering was conducted at a price of $0.09 per Subscription Receipt. The Subscription Receipts have all been exercised into 33,333,334 common shares and 33,333,334 common share purchase warrants of Iseemedia, with each warrant exercisable into one common share at a price of $0.12 for a period of 36 months following the date of issuance.

Subsequent to the closing of the private placement, Global Capital's bridge loan to Iseemedia 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.

About iseemedia

iseemedia Inc. is a mobile software company focused on the commercialization of a Service Delivery Platform (iseemail™) for delivering push Email services to the mass market and an advanced Content Delivery Platform (iseedocs™) for rich media adaptation and extremely cost-efficient network delivery to mobile devices.

The Company maintains a broad portfolio of issued and pending patents that cover content authoring, streaming and interactive viewing on mobile devices. iseemedia was founded in March 2002 and has been traded on the TSX Venture Exchange in Toronto since June 2005.

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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