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Global Capital Partners Closes Sale of Controlling Interest in Sutton Online; Gl


/FROM PR NEWSWIRE CHARLOTTE 704-338-9366/
TO BUSINESS AND TECHNOLOGY EDITORS:

Global Capital Partners Closes Sale of Controlling Interest in Sutton Online;
Global Capital to Retain Minority Stake in Ikon Ventures

CHARLOTTE, N.C., Aug. 8 /PRNewswire/ --
Global Capital Partners Inc. (Nasdaq: GCAP) announced today that it has
closed the sale of a controlling interest in Sutton Online Inc., its majority-
owned subsidiary and online trading firm, to third parties for $1,800,000 in
cash and notes. In connection with this sale, the stockholders of Sutton
Online completed a share exchange with Ikon Ventures, Inc.
(OTC Bulletin Board: IKNV) pursuant to which Sutton online became a wholly
owned subsidiary of Ikon Ventures and the stockholders of Sutton Online
acquired approximately 78% of Ikon Ventures. As a result of these
transactions, GCAP currently owns approximately 5% of Ikon Ventures.
Global Capital Partners owns and operates Global Capital Securities
Corporation, a full-service investment banking and brokerage firm, with
14 offices nationally. For additional information about the Company, please
visit 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 technological, economic and market
conditions and those discussed in the Global Capital Partners Inc. (formerly
Eastbrokers International) Annual Report on Form 10-KSB for the fiscal year
ended March 31, 2001, and in the Company's other reports filed with the
Securities and Exchange Commission. 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.

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SOURCE Global Capital Partners Inc.

/CONTACT: Martin A. Sumichrast, Chairman & CEO of Global Capital PartnersInc.,
[phone]/

/Web site: http://www.gcapitalpartners.com /

Aug-08-2001 17:01 GMT
Symbols:
US;GCAP US;IKNV
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