GC-Global Capital Corp. and iseemedia Inc. enter into $1,000,000 Loan Agreement

    TORONTO, June 24 /CNW/ - GC-Global Capital Corp. (TSX Venture: GDE.A)
("Global Capital") and iseemedia Inc. (TSX Venture: IEE) ("iseemedia") are
pleased to announce the completion of a secured loan (the "Loan") in the
principal amount of $1,000,000. The twelve month secured Loan bears interest
at 12% per annum, payable monthly.
    As consideration for providing the Loan, Global Capital will be issued
1,500,000 common shares of iseemedia at a deemed price of $0.09 per share.
    "We are pleased to be able to provide financing to an exciting company
like iseemedia. They are a past client of ours and we have kept ourselves
updated on their growth for the last two years." said Global Capital's C.E.O.,
Jason Ewart. He added "iseemedia is positioned within one of the fastest
growing business sectors - Wireless communications. We believe that iseemedia
is now at the point where their years of research and development will pay off
in 2009 through the signing of new contracts for their Wireless software
    "This financing will be instrumental in delivering our wireless solutions
to carriers that are now planning to go live in the coming months," said
Anthony DeCristofaro, President and Chief Executive Officer. "Global
understands and is committed to the potential growth opportunity that our
Company is focused on."

    About iseemedia

    iseemedia Inc. is a software development company focused on the
commercialization of advanced, rich content adaptation and distribution
solutions for Web and wireless applications. The Company maintains a portfolio
of issued and pending wireless and imaging patents that support authoring,
streaming and interactive viewing of content. For further information, please
contact David Berman, CFO at (416) 761-5293 or visit iseemedia's website at

    About Global Capital

    Global Capital is a merchant bank, which provides bridge loan services
(asset back/collateralized financing), 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

    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.

    %SEDAR: 00020202E

For further information:

For further information: David Berman, CFO at (416) 761-5293 or visit
iseemedia's website at www.iseemedia.com; Jason G. Ewart at (416) 488-7760 or
visit Global's website at www.gcglobalcapital.ca

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