Global Capital Partners Inc. Closes Private Placement at $4,235,000

Apr 03, 2001, 01:00 ET from Global Capital Partners Inc.

    CHARLOTTE, N.C., April 3 /PRNewswire/ --
     Global Capital Partners Inc. (Nasdaq:   GCAP), a holding company for a
 highly diversified, investment banking and securities network, announced today
 that it has closed a private placement of 3-year 12% convertible promissory
 notes in the amount of $4,235,000, of which $2,935,000 has been received and
 the balance of the subscriptions are expected within seven business days.  The
 Company intends to use the proceeds for repayment of debt and working capital
 purposes.
     Global Capital Partners owns Global Capital Securities Corporation,
 Englewood, Colorado, a full-service investment banking and brokerage firm,
 with 15 offices nationally, a majority interest of Sutton Online, an online
 trading operation, and a majority interest in
 MoneyZone.com (OTC Bulletin Board:   MOZN), a capital-formation Internet portal
 that matches investors with entrepreneurs.
     For additional information, please visit www.suttononline.com,
 www.moneyzone.com and www.gcapitalpartners.com.
     Certain information contained in this press release includes forward
 looking statements within the meaning of the Private Securities Litigation
 Reform Act of 1995 and is subject to certain risks and uncertainties,
 including but not limited to the effect of political, technological, economic
 and market conditions both domestically and in Europe and those referred to in
 the discussion of the risks and uncertainties set forth in the Global Capital
 Partners Inc. (formerly Eastbrokers International) Annual Report on Form 10-
 KSB-A for the fiscal year ended March 31, 2000, and in the Company's other
 reports filed pursuant to the Securities Exchange Act of 1934.  Financial
 projections are management estimates and are subject to revision based on
 final audited financial statements.  Readers are cautioned not to place undue
 reliance on these forward looking statements, which are made as of the date
 hereof and the Company undertakes no obligation to release any revisions to
 the forward looking statements to reflect events or circumstances after the
 date hereof or to reflect unanticipated events or developments.
 
 

SOURCE Global Capital Partners Inc.
    CHARLOTTE, N.C., April 3 /PRNewswire/ --
     Global Capital Partners Inc. (Nasdaq:   GCAP), a holding company for a
 highly diversified, investment banking and securities network, announced today
 that it has closed a private placement of 3-year 12% convertible promissory
 notes in the amount of $4,235,000, of which $2,935,000 has been received and
 the balance of the subscriptions are expected within seven business days.  The
 Company intends to use the proceeds for repayment of debt and working capital
 purposes.
     Global Capital Partners owns Global Capital Securities Corporation,
 Englewood, Colorado, a full-service investment banking and brokerage firm,
 with 15 offices nationally, a majority interest of Sutton Online, an online
 trading operation, and a majority interest in
 MoneyZone.com (OTC Bulletin Board:   MOZN), a capital-formation Internet portal
 that matches investors with entrepreneurs.
     For additional information, please visit www.suttononline.com,
 www.moneyzone.com and www.gcapitalpartners.com.
     Certain information contained in this press release includes forward
 looking statements within the meaning of the Private Securities Litigation
 Reform Act of 1995 and is subject to certain risks and uncertainties,
 including but not limited to the effect of political, technological, economic
 and market conditions both domestically and in Europe and those referred to in
 the discussion of the risks and uncertainties set forth in the Global Capital
 Partners Inc. (formerly Eastbrokers International) Annual Report on Form 10-
 KSB-A for the fiscal year ended March 31, 2000, and in the Company's other
 reports filed pursuant to the Securities Exchange Act of 1934.  Financial
 projections are management estimates and are subject to revision based on
 final audited financial statements.  Readers are cautioned not to place undue
 reliance on these forward looking statements, which are made as of the date
 hereof and the Company undertakes no obligation to release any revisions to
 the forward looking statements to reflect events or circumstances after the
 date hereof or to reflect unanticipated events or developments.
 
 SOURCE  Global Capital Partners Inc.