Mr. Frank Kordy reports

GUNPOWDER CAPITAL CORP., ACQUIRES ALPHA INVOICE WWW.ALPHAINVOICE.COM

Gunpowder Capital Corp.'s wholly owned subsidiary, GP Financial Services Corp., has acquired Alpha Invoice Inc., an on-line portal providing short-term financing solutions to business by factoring invoices.

Alpha has an existing customer base and had unaudited revenues of approximately $300,000 last year.

Paul Haber stated: "Small businesses most often need short-term loans instead of long-term debt financing. Most term loans, classified as short-term, usually have a maturity of one year or less. Alpha Invoice factoring loans with short maturities can help businesses meet an immediate need for financing. We feel that the acquisition of this portal will serve as a very useful tool in expanding our current loan portfolio and will assist in growing GP Financial Services Corp."

Total consideration paid for this acquisition was $5,000.

About Alpha Invoice Inc.

When businesses have to wait 30 to 120 days to get paid for the work that they have done from existing customers it may put strain on new and current business as well day-to-day operations. Alpha Invoice provides them with instant cash flow by purchasing the very invoices they are waiting for from their customer base. As a factor, Alpha Invoice helps small to medium businesses bridge their cash flow challenges when they sell their goods and services to large credit worthy customers but must wait 30 to 120 days to get paid. Alpha Invoice buys their invoices (credit receivables), at a discount, and provides immediate financing.

About Gunpowder Capital Corp.

Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services.

We seek Safe Harbor.