Global (GMPC) Holdings Inc.

Global (GMPC) Holdings Inc.

March 23, 2005 09:30 ET

Global Holdings Announces the Renewal of its Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GLOBAL (GMPC) HOLDINGS INC.

TSX VENTURE SYMBOL: GGH.SV.B

MARCH 23, 2005 - 09:30 ET

Global Holdings Announces the Renewal of its Normal
Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - Global (GMPC)
Holdings Inc. ("Global") (TSX VENTURE:GGH.SV.B) has been authorized to
make a normal course issuer bid. Global intends to purchase from time to
time, if and to the extent Global considers advisable, up to a maximum
of 2,019,458 subordinate voting shares out of the total 40,389,164
issued and outstanding on March 21, 2005. The number of shares proposed
to be acquired represents approximately 5% of the total number of the
issued and outstanding subordinate voting shares. The bid will commence
on March 29, 2005 and end on March 28, 2006.

The shares will be purchased in the open market through the facilities
of the TSX Venture Exchange. The purchased shares are to be cancelled.
All purchases are to be settled in accordance with normal settlement
procedures of the TSX Venture Exchange. Purchases pursuant to the bid
will be made by MacDougall MacDougall MacTier Inc. on behalf of Global.
Global believes that recent market prices of its subordinate voting
shares do not properly reflect their underlying value and the
cancellation of these shares are in the best interest of Global and its
shareholders. Through a normal course issuer bid during the period
December 18, 2003 to December 17, 2004, Global purchased and cancelled
1,782,334 subordinate voting shares at an average cost of $0.24.

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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Global (GMPC) Holdings Inc.
    Jason G. Ewart
    (416) 488-7760
    (416) 483-1516 (FAX)
    www.globalbridgeloans.com
    " The TSX Venture Exchange does not accept responsibility for the
    adequacy or accuracy of this release."