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GC-Global Capital Corp. Announces its Financial Results for the Second Quarter 2014
Toronto, Ontario--(Newsfile Corp. - August 29, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) (...
About this update from Fountain Asset Corp.
[{"type":"text","content":"GC-Global Capital Corp. Announces its Financial Results for the Second Quarter 2014Toronto, Ontario--(Newsfile Corp. - August 29, 2014) - \nGC-Global Capital Corp. (TSXV: GDE.A) (\"Global Capital\") announces its financial results for the second quarter ending June 30, 2014. \n\nHighlights\n\n \n\n Six month revenue of $1.7 million, up significantly year over year; \n \n \n\n Net income for the second quarter of $993,509 ($0.03 per share); \n \n \n\n Ended the quarter with a cash position of $1.7 million and public company \n investments of $3.4 million; \n \n \n\n Increase of total assets to $13.2 million from $9.8 million as at December 31, \n 2013; \n \n\n\nManagement's Second Quarter Comments \n\nIn the second quarter of 2014, Global Capital continued to see many opportunities for implementing its financial services. Management continues to focus on limiting risk while targeting superior returns within each transaction. As the second quarter \nin 2014 progressed, Global saw many of its investee companies strengthen their business models through the completion of new equity financings and the achievement of corporate milestones. Global would like to highlight Poydras Gaming Finance \nCorp's completion of its reverse take-over and subsequent $11 million financing, 3Tier Logic Inc.'s closing of a $1.01 million secured convertible debenture and share exchange agreement with KCO Capital Inc. (TSXV: KCO.P) \nand entering into a $1.0 million secured operating line agreement with its client company, Advantagewon Oil Corp. Each one of these investee companies continues to strengthen their positions within their respective markets and Global would like \nto congratulate the management teams of these companies for their achievements. \n\nA full set of unaudited financial statements and related notes have been filed on SEDAR. \n\nAbout GC-Global Capital Corp. \n\nGlobal 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. For further information, \nplease contact Jason G. Ewart at (416) 488-7760 or visit Global Capital's website at \nwww.gcglobalcapital.ca. \n\nForward-Looking Information \n\nThese materials include certain \"forward-looking statements\" within the meaning o...