Global (GMPC) Holdings Inc.

Global (GMPC) Holdings Inc.

August 18, 2005 09:30 ET

Global Holdings Announces its Financial Results for the Second Quarter 2005

TORONTO, ONTARIO--(CCNMatthews - Aug. 18, 2005) - Global (GMPC) Holdings Inc. ("Global") (TSX VENTURE:GGH.SV.B) announces its financial results for the second quarter ending June 30, 2005.


- Net income before taxes for the second quarter of $331,311 ($0.007 per share);

- Net income before taxes of $943,513 ($0.022 per share) for the first half of 2005;

- Bridge loan portfolio of $7.3 million, an increase of 44% as compared to the first quarter of 2005;

- Increase of net asset value per share to $0.34;

- Sixth consecutive quarterly profit.

Management's Second Quarter Comments

In the second quarter of 2005, Global continued to see many opportunities for implementing its bridge loan services. As a result of this, income from structuring fees increased 100% to $179,893 and $220,393 in the second quarter and the first half of 2005 as compared to the corresponding periods in 2004. With the completion of each bridge loan transaction, Global continues to increase its reputation with Canada's brokerage community as a bridge loan facilitator thereby increasing its exposure to deal flow.

Management would like to take this opportunity to update shareholders on its investment in ELI Eco Logic Inc ("ELI"). In October of 2004, Global announced that it had acquired through a private placement transaction 5,950,000 common shares of ELI at a price of $0.035 per common share, which at the time represented 19.9% of the outstanding shares of ELI. The common shares were acquired for investment purposes. Since then, ELI has undergone a corporate reorganization including a change of name to Global Development Resources, Inc. ("GDR") (TSX Venture symbol: GDV) and a five for one share consolidation. GDR is now a newly formed merchant bank with offices in Toronto and Asheville, North Carolina, that acts as a participating lender, equity partner and developer in the acquisition, development and renovation of high-margin, lifestyle communities, second homes, commercial and resort related properties. GDR targets the North American geographic segments to where the Baby Boomer relocation migration will naturally gravitate over the coming years. To date the new GDR management team has raised $5.5 million in new equity and is actively engaging in real estate transactions. Global will also benefit from its investment in GDR going forward by having access to new streams of bridge loan deal flow within the North American real estate market.

A full set of unaudited financial statements and related notes have been filed on SEDAR and are available on the Company's website at

Global's shares trade on the TSX Venture Exchange under the symbol "GGH.SV.B".

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. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit our website at

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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