GC-Global Capital Corp.

GC-Global Capital Corp.

May 07, 2007 09:30 ET

GC-Global Capital Corp. Announces That its Client Company, OneMove Technologies Inc., has Completed an $8,000,000 Brokered Private Placement

TORONTO, ONTARIO--(CCNMatthews - May 7, 2007) - GC-Global Capital Corp. ("Global Capital" or the "Company") (TSX VENTURE:GDE.A) is pleased to announce that on May 4, 2007, its client company, OneMove Technologies Inc. ("OneMove") closed the brokered private placement announced April 11, 2007 to raise gross proceeds of $7,999,920. OneMove, through Cormark Securities Inc. (formerly Sprott Securities Inc.) and Canaccord Capital Corporation as agents, sold 22,222,000 shares at a price of $0.36 per share. OneMove shares trade on the Toronto Venture Exchange under the symbol "OM".

In April of 2007, Global Capital announced a $500,000 secured bridge loan to OneMove and a financial consulting services contract, for which Global Capital received 125,000 common shares in OneMove.

"With the closing of this private placement, we feel that OneMove is now well positioned to become a dominant player within the U.K.'s online real estate market. We look forward to following their progress throughout the rest of 2007." said Jason Ewart, Global Capital's Chief Executive Officer. He added, "We are pleased to once again show the strength of our team and their ability seek out deals with companies like OneMove, who have impressive growth potential."

About OneMove Technologies Inc.

OneMove began its business by developing a sophisticated software program that brought innovative advantages for all involved in British Columbia's real estate market, a Canadian province where real estate transactions were already near perfectly executed. OneMove then entered the market in the United Kingdom offering 'one-stop shop' services designed to simplify all aspects of buying and selling a home. OneMove currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors, lenders, buyers and sellers. OneMove's U.K. operations also offers a one-stop online shop for home buyers to access real estate listings through the largest property search portal, its unique insurance product, and its association of service providers which include realtors, solicitors and lenders (www.onemove.com).

About Global Capital

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.

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

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