Global (GMPC) Holdings Inc.
TSX VENTURE : GGH.SV.B

Global (GMPC) Holdings Inc.

November 15, 2005 16:30 ET

Global Holdings Announces its Financial Results for the Third Quarter 2005

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2005) - Global (GMPC) Holdings Inc. ("Global") (TSX VENTURE:GGH.SV.B) announces its financial results for the third quarter ending September 30, 2005.

Highlights

- Net income before taxes for the third quarter of $218,579 ($0.004 per share);

- Net income before taxes of $1,162,092 ($0.024 per share) for the first nine months of 2005;

- Bridge loan portfolio of $8.4 million, an increase of 55% as compared to December 31, 2004;

- Net asset value per share of $0.323 plus another $0.03 in unrealized gains on Global's portfolio investments, convertible securities and warrants;

- Seventh consecutive quarterly profit.

Management's Third Quarter Comments

In the third quarter of 2005, Global continued to see many opportunities for implementing its bridge loan services and as a result the bridge loan portfolio increased to $8.4 million, an increase of 16% from the second quarter. Interest income derived from its core lending activities, increased to $245,657 in the third quarter and $586,485 for the nine months. This represented an increase of 40% and 25% as compared to the corresponding periods in 2004. Structuring fees increased from $92,200 to $175,216 during the quarter and from $106,498 to $395,608 for the nine month period.

For the quarter, Global had net income before taxes of $218,579 or $0.004 per share compared to an income before taxes of $300,126 or $0.007 per share in 2004. Net income before taxes for the first nine months of 2005 was $1,162,092 or $0.024 per share compared to a net income before taxes of $1,239,749 or $0.021 per share in 2004.

Update on the Amalgamation with E&E Capital Funding Inc.

On October 25, Global announced that it had signed a Memorandum of Understanding to complete an amalgamation with E&E Capital Funding Inc. ("E&E") and to form a continuing corporation under the name "GC Global Capital Corp.". Global and E&E are both Toronto based merchant banks. A comprehensive joint information circular will be mailed to the shareholders of both companies in November. The Special Meetings of the Shareholders for each company will take place on December 9, 2005.

Global's management believes that the Amalgamation will have the following benefits for the shareholders:

1) The merger of the businesses of Global and E&E will result in a combined entity with larger assets to carry on its merchant banking operations;

2) The amalgamated company will have access to certain tax benefits and efficiencies (including the utilization of E&E's tax losses);

3) The amalgamated company will have an investment arm in which to provide an extension of its financial services beyond bridge loans and provide multiple revenue streams.

A joint press release will be issued outlining further details of the amalgamation.

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

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

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.

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.

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

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