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

GC-Global Capital Corp.

April 03, 2006 09:30 ET

Global Capital Announces that it's Client Company, ESI Entertainment Systems Inc., has Completed a $10,000,200 Initial Public Offering

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - GC-Global Capital Corp. ("Global") (TSX VENTURE:GDE.SV.A) is pleased to announce that its client company, ESI Entertainment Systems Inc. ("ESI") has completed an initial public offering of 3,333,400 common shares at $3.00 per share for gross proceeds of $10,000,200. The offering was conducted by a syndicate led by Desjardins Securities Inc., which included CIBC World Markets Inc., Canaccord Capital Corporation and GMP Securities LP. ESI's shares trade on the Toronto Stock Exchange under the symbol "ESY".

In January of 2006, Global provided a $1,000,000 secured bridge loan to ESI. With the closing of the initial public offering, Global's loan has been repaid the Company received 26,000 warrants exerciseable into common shares of ESI for 24 months at $3.00 per share.

"We were introduced to ESI and its management team in early December of last year and were impressed with their business model and tremendous rate of growth." said Jason Ewart, Global's Chief Executive Officer. He added, " With the closing of this IPO, we feel that ESI is now well positioned to enhance its position as one of the leading suppliers to the international gaming industry. We look forward to following their progress throughout the rest of 2006. "

About ESI Entertainment Systems Inc.

ESI is a provider of products and services to the international gaming industry in through its three principal subsidiaries, Citadel Commerce Corp., ESI Integrity Inc. and PlayLine Inc.. ESI's products and services, which primarily consist of payment processing, transaction monitoring and turnkey gaming platforms, are deployed in the on-line and land based gaming segments. For further information please visit ESI's website at www.esi.ca.

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.




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