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GDE.A

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Share Name Share Symbol Market Type
TSXV:GDE.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

GC-Global Capital Corp. Announces its Financial Results for the First Quarter Ended March 31, 2011

30/06/2011 2:30pm

Marketwired Canada


GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) ("GDE.A") is
pleased to announce its financial results for the first quarter ending March 31,
2011.


Highlights from the First Quarter 



--  First quarter revenues of $899,103, an increase of 22% over Q1 in 2010; 
--  Net income for the first quarter of $370,242 compared to $425,725 in Q1,
    2010; 
--  Earnings per share of $0.02 for the first quarter; 
--  Increase in net asset value per share to $0.83; 
--  Healthy cash and short-term investments balance of $1.6 million at the
    end of the quarter. 



Management's First Quarter Comments

For the first quarter Global Capital had revenue of $899,103 compared to revenue
of $701,411 for the same period in 2010. Net income was $370,242 or $0.02 per
share compared to net income of $425,725 or $0.02 per share for the same period
in 2010. As at March 31, 2011, Global Capital had net assets totaling $15.9
million or $0.83 per share compared to $15.6 million or $0.81 per share as at
December 31, 2010. 


Chief Executive Officer, Jason Ewart commented, "We are pleased with the results
in the first quarter." He added, "During the quarter we continued to deploy cash
and increase our bridge loan portfolio."


A full set of unaudited financial statements and related notes have been filed
on SEDAR.


About GC-Global Capital Corp.

Global Capital is a merchant bank, which provides bridge loan services, to
companies across many industries such as oil & gas, mining, real estate,
manufacturing, retail, financial services, technology and biotechnology. 


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.


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