TORONTO, ONTARIO -- (Marketwired) -- 07/17/13 -- DealNet Capital Corp. (the "Company") (CNSX: DLS) (PINKSHEETS: GAIMF) is pleased to announce that its Business Process Outsourcing ("BPO") subsidiary, OC Communications Group Inc. ("OCCGI"), has been awarded a new program with a growing Canadian payments processer.
OCCGI will be providing customer acquisition services in a business-to-business environment providing opportunity sourcing and account adjudication services. Under the terms of the three-year agreement, OCCGI will act as a virtual extension of the client providing services out of the Toronto office with the opportunity to service the growing processing demands of the client from the Reno, Nevada site.
The Company is also in discussions with the client to provide payment processing terminals and services at preferred pricing to the Company's subsidiary One Dealer Inc. "One Dealer". One Dealer is focused on providing a comprehensive suite of services and financing solutions to independent Heating, Ventilation and Air Conditioning ("HVAC") dealers and their customers.
"OCCGI is proud to be able to strategically build and diversify our customer base with quality programs that deliver long term value to our customers," stated Michael Hilmer, COO of DealNet Capital Corp., and President and CEO of OCCGI. He continued, "These wins are a great fit for OCCGI as they enable customers to leverage our significant economies of scale."
DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian National Stock Exchange, and under the symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin Board. The Company is a merchant banking company that has a flexible investment mandate with a strategic focus on recurring revenue businesses. The company has recently focused its investments towards the thriving North American Business Process Outsourcing (BPO) market, as well as the Consumer Financing market by leveraging its recently acquired BPO division. The Company continues to look for acquisition opportunities in these key markets in order to continue to drive competitive advantages and growth.
ON BEHALF OF DEALNET CAPITAL CORP.
For additional information please visit www.sedar.com.
The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. These statements involve risks and uncertainties including, without limitation, DealNet's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
DealNet Capital Corp.
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