DealNet Capital Corp.
CNSX : DLS

DealNet Capital Corp.

September 24, 2014 12:41 ET

DealNet Announces Appointment of a New Chairman

TORONTO, ONTARIO--(Marketwired - Sept. 24, 2014) - The DealNet Capital Corp. ("DealNet" or the "Company") (CSE:DLS) Board of Directors is pleased to announce the appointment of Pierre G. Gagnon as Chairman of the Company's Board, replacing J. Graham Simmonds, effective September 23, 2014.

Mr. Simmonds has served as Executive Chairman of the Board since 2010, and was instrumental in guiding and growing the Company to where it is today. Mr. Simmonds has chosen to resign from DealNet to focus on his other business endeavours. The Board of Directors would like to thank Mr. Simmonds for his contribution over the years.

"I am delighted to have been a part of developing the DealNet business and execution strategy during the early years," stated J. Graham Simmonds. He added, "The Company has a strong platform to provide clients with robust customer engagement and consumer financing solutions, and is well positioned for continued growth. The Company has demonstrated positive results in the first half of 2014 and has a strong team to lead its growth going forward."

Mr. Gagnon has served as a Director of the Company since 2012. Mr. Gagnon has over 25 years of experience in commercial banking and mergers and acquisitions. Mr. Gagnon is President of Chancery Investments, an advisor to the Shotgun Fund and Succession Fund, and a director of Baymount Incorporated, The Mint Corporation, Altitude Resources Inc., Spruce Ridge Resources Ltd., as well as a number of private companies.

"We sincerely thank Graham for his guidance and leadership over the past few years," stated Bob Cariglia, President and CEO of DealNet Capital. He continued, "Graham has been instrumental in building of our business model and leading the acquisitions of OCCGI and Impact Mobile. I also welcome Pierre and believe his experience and business acumen will guide us through the upcoming growth phase of our Company.

About DealNet Capital Corp.

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet Capital has an investment mandate to acquire and develop investee companies focused on generating high margin recurring revenue through innovative customer engagement models. The Company has focused its investments towards two key industry verticals: the thriving North American business process outsourcing ("BPO") market through its wholly-owned subsidiaries, OC Communications Group Inc. ("OCCGI") and Impact Mobile Inc. ("Impact Mobile"); and the consumer financing market through its wholly-owned subsidiary, One Dealer Inc. ("One Dealer").

ON BEHALF OF DEALNET CAPITAL CORP.

For additional information please visit www.sedar.com.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Company. 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.

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