Global Capital Partners Inc. Closes Private Placement at $4,235,000.
PR Newswire, April 3, 2001
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.
COPYRIGHT 2001 PR Newswire Association, Inc.
COPYRIGHT 2001 Gale Group
Eastbrokers International Incorporated Changes Name To Global Capital Partners Inc.
PR Newswire, Feb 1, 2000
CHARLOTTE, N.C., Feb. 1 /PRNewswire/ -- Eastbrokers International Incorporated (Nasdaq: EAST; Berlin and Frankfurt Exchanges: ETB) announced today that effective February 2, 2000, the Company's name will change to Global Capital Partners Inc. The Company's new Nasdaq trading symbols will be ("GCAP") for its common stock and ("GCAPW") for its warrants. "With 450 employees in 7 countries and over $1.5 billion under management, Global Capital Partners Inc. reflects a clearer portrayal of our current global business," said Martin A. Sumichrast, Chairman and Chief Executive Officer.
Global Capital Partners Inc. operates a highly diversified, international, investment banking and securities network. In Europe, Global Capital Partners owns a majority interest in WMP Bank AG, an Austrian bank and brokerage company (which plans to change its name to Global Capital Partners Bank AG) and which owns 6 other brokerages throughout Central and Eastern Europe, as well as 43% in UNITRUST HOLDING SA, a Geneva based financial services company. In the United States, the Company owns EBI Securities Corporation, a full service investment banking and brokerage firm with 20 offices, the JB Sutton Group (which will change its name to Global Capital Markets Inc.), a New York based investment banking and brokerage firm, a majority interest in Sutton Online LLC suttononline.com, an online trading firm and a thirty percent interest in MoneyZone.com moneyzone.com, a capital formation internet portal, which matches investors with entrepreneurs. MoneyZone.com trades OTC under symbol ("MNZN"). For further information about the Company, please contact the US corporate headquarters at 704.643.8220 or by e-mail at info@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 Eastern and Central Europe and those referred to in the discussion of the risks and uncertainties set forth in the Eastbrokers International's Annual Report on Form 10-KSB for the fiscal year ended March 31, 1999, and in the Company's other reports filed pursuant to the Securities Exchange Act of 1934. 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.
COPYRIGHT 2000 PR Newswire Association, Inc.
COPYRIGHT 2000 Gale Group |
