DealNet Capital Corp.

DealNet Capital Corp.

July 02, 2014 16:07 ET

DealNet Acquires Impact Mobile

TORONTO, ONTARIO--(Marketwired - July 2, 2014) - DealNet Capital Corp. (the "Company" or "DealNet") (CSE:DLS)(PINKSHEETS:GAIMF) is pleased to announce that it has completed the acquisition of Impact Mobile Inc. ("Impact Mobile") as of July 1, 2014. Founded in 2002, Impact Mobile-with offices in Toronto and New York-is a technology and customer engagement services company that provides end-to-end mobile marketing solutions and carrier-grade messaging infrastructure to allow its clients to reach their mobile customers.

"We are extremely pleased to acquire Impact Mobile into the DealNet Capital group of companies," stated Bob Cariglia, President and Chief Executive Officer of DealNet Capital Corp. "This acquisition will complement and enhance our existing capabilities by providing a mobile-first communication platform that delivers voice, data and messaging services. We welcome the Impact team and look forward to their continuing contribution to the development of Impact Mobile as well as the overall success of DealNet Capital."

About the Share Purchase Agreement

The Share Purchase Agreement (the "SPA") was signed on June 5, 2014. The terms of the SPA required DealNet to issue at closing 5,500,000 common shares of the Company, 1,500,000 of which to be held in escrow and used to retain key executives of Impact Mobile over three years; and $500,000 in cash to the vendors, payable over a period of 60 days from closing.

About Impact Mobile Inc.

Impact Mobile Inc. provides end-to-end mobile marketing solutions to banks, carriers, brands and retailers, allowing clients to engage and interact directly with their mobile subscribers. Impact Mobile's flagship platform and suite of services provide comprehensive mobile engagement and marketing capabilities. Impact Mobile is regarded as a leader in mobile marketing and communications running the first cross-carrier campaign in North America, and receiving industry leadership awards for consumer engagement and mobile commerce innovation.

About DealNet Capital Corp.

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet is a merchant banking company with a flexible investment mandate and a strategic focus on recurring revenue businesses. The Company has focused its investments towards the thriving North American business process outsourcing ("BPO") market through its wholly-owned subsidiary, OC Communications Group Inc. ("OCCGI"), as well as the consumer financing market through its wholly-owned subsidiary, One Dealer Inc. ("One Dealer").


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Forward-looking Statements

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 Capital'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.

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