Omni Nutraceuticals Inc.

[dijeetyet]

GCPL---yes it looks like they went dark the same year

Item 5. Other Events.

On March 27, 2002, Global Capital Securities Corporation filed Form BDW
"Uniform Request for Broker-Dealer Withdrawal" to request the withdrawal of its
registration from the Securities and Exchange Commission ("SEC"),
Self-Regulatory Organizations ("SROs"), and other appropriate jurisdictions. In
connection with the filing of Form BDW, Global Capital Securities Corporation
ceased doing business as a broker-dealer.

Over the next few months, we will be working through the process of placing
a formerly highly regulated entity into a dormant state and maintaining the
records as required by law. Since Global Capital Securities Corporation was our
primary operating entity, we will need to seek out potential merger or
acquisition candidates with profitable operating businesses in order raise
additional capital and to reorganize and restructure the company.

However, there can be no assurances that suitable merger or acquisition
candidates will materialize or that we would be able to structure an arrangement
on mutually acceptable terms. In the event we are unable to locate suitable
merger or acquisition candidates, structure an arrangement on mutually
acceptable terms and raise additional capital, we may be forced to liquidate
under the U.S. Bankruptcy Code.

On March 31, 2002, Martin A. Sumichrast tendered his resignation as
Chairman, President and Chief Executive Officer of Global Capital Partners Inc.
effective as of that same date. The Board of Directors of Global Capital
Partners Inc. has appointed Kevin D. McNeil to serve as the Chairman, President,
Chief Executive Officer, Chief Financial Officer and Treasurer effective April
1, 2002.

This Form 8-K contains forward-looking statements that involve a number of
risks and uncertainties. Readers are cautioned that all forward-looking
statements are subject to risks and uncertainties, including without limitation,
the timing of new announcements, the hiring and retention of key employees, the
urgent need for capital, and the risk factors detailed from time to time in our
periodic reports filed with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements that
speak only of the date hereof. Global Capital Partners Inc. undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.


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