GC-Global Capital Corp. and Synchronica plc enter into $1,500,000 Loan Agreement

ROYAL TUNBRIDGE WELLS, United Kingdom and TORONTO, Feb. 7 /CNW/ - Synchronica plc ("Synchronica") (AIM: SYNC) (TSX Venture: SYN) and GC-Global Capital Corp. (TSX Venture: GDE.A) ("Global Capital") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of C$1,500,000. The net proceeds of the Loan shall be used in conjunction with Synchronica's recently announced acquisition of the instant messaging business of Neustar NGM Services Ltd. and associated working capital requirements.

"The agreement with Neustar adds carrier and device manufacturer contracts to our customer base and strengthens our position as a leading global provider of mobile messaging," said Carsten Brinkschulte, CEO of Synchronica. "We expect this business will be accretive to 2011 revenue and this financing will provide working capital required for integration with our operations."

"Synchronica has an exciting portfolio of mobile messaging services as well as a growing customer base of international telecom carriers. We are pleased to be able to provide this financing and are looking forward to working with them in 2011." said Global Capital's C.E.O., Jason Ewart.  

The Loan matures December 30, 2011 and bears interest at 12 percent per annum, compounded and payable monthly. As additional consideration for providing the Loan, Global Capital and its syndicate of co-lenders were issued 450,000 common shares of Synchronica and paid a C$15,000 structuring fee. The common shares issued pursuant to the Loan will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation. The issued shares represent a 0.46 percent dilution of Synchronica's outstanding shares.

Global Capital acted as lead lender in the transaction providing $800,000 of the Loan along with a syndicate of lenders for the remaining $700,000.  The syndicate of lenders includes a related party, the GC-Global Capital Lending Partners Limited Partnership fund for $200,000.

About Synchronica plc
Synchronica plc is a leading developer of next-generation mobile messaging solutions based on open industry standards. The award-winning product portfolio includes the flagship product Mobile Gateway, providing push Email, synchronization, instant messaging (IM), backup and restore, and mobile connectivity to social networks. Synchronica's products are white-labelled and offered by mobile operators and device manufacturers in emerging and developed markets to provide mass market messaging services, increasing data revenues and reducing churn.

Synchronica Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email-to-MMS, and Email-to-SMS, delivering messaging services to literally any mobile phone currently in the market without requiring an additional client to be downloaded. Expanding instant messaging to mobile devices, Mobile Gateway establishes carrier-branded IM communities, using the industry standard XMPP and provides gateways to popular internet IM communities, connecting any IMPS-enabled handset. With the recent acquisition of Iseemedia, Synchronica will enable the fast delivery of rich email attachments with advanced streaming that reduces network bandwidth consumption by as much as 90 percent.

Headquartered in England, Synchronica also maintains development centres in Germany and the Philippines in addition to a regional presence in the USA, Hong Kong, Madrid and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information, please visit www.synchronica.com.

About Global Capital
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. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global's website at www.gcglobalcapital.ca .

Cautionary Statements

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica plc. Forward-looking statements, specifically those concerning future performance or results, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the public filings and announcements made by Synchronica, including those made with AIM, a market of the London Stock Exchange, with the TSX Venture Exchange or with securities regulators.  Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Synchronica plc

For further information:

Synchronica plc

www.synchronica.com
Carsten Brinkschulte, CEO
Angus Dent, CFO
Nicole Meissner, COO
+44 (0) 7977 256 406
+44 (0) 7977 256 347
+44 (0) 7977 256 412
     
Northland Shane Gallwey, Nomad
Rod Venables, Corporate Finance      
Katie Shelto, Corporate Broker
+44 (0) 20 7492 4774
+44 (0) 20 7492 4778
+44 (0) 20 7492 4769
     
TMX | Equicom               Craig MacPhail +1 416 815 0700, ext. 290
cmacphail@equicomgroup.com

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Synchronica plc

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