DealNet Capital Corp.
TSX VENTURE : DLS

DealNet Capital Corp.

August 26, 2015 12:01 ET

DealNet Announces Key Executive Appointments: Roy Murzello as SVP of Consumer Finance Business and Michael Hilmer as CEO

TORONTO, ONTARIO--(Marketwired - Aug. 26, 2015) - DealNet Capital Corp. ("DealNet" or the "Company") (TSX VENTURE:DLS) is pleased to announce that it has named Mr. Roy Murzello, a Consumer Lending Veteran with 15 years of experience, as its Senior Vice President of Consumer Financial Services.

Mr. Murzello has spent the last 10 years as a Senior Leader at one of Canada's largest providers of HVAC finance solutions. His various roles have included Director of Dealer Programs, where Mr. Murzello was directly responsible for leading and growing the dealer finance programs including HVAC leasing. In this role, he also led a large leasing business that was acquired and subsequently integrated into the core business. His prior experience includes Vice President for Citi Group managing a major credit card initiative, a Senior Underwriter Manager at GE Capital and Credit Manager at CIBC. Mr. Murzello has a Master of Business Administration degree from Simon Fraser University.

"Roy's pedigree is synonymous with large scale finance book management and risk mitigation. His experience with acquiring and operating large scale finance books, underpinned by strong governance and risk management fits our growth plans perfectly", stated Michael Hilmer, Chief Executive Officer of DealNet.

The Company also appointed Mr. Michael Hilmer as its permanent Chief Executive Officer. Mr. Hilmer is a co-founder of DealNet and has served as the Company's Interim CEO since March.

"Michael has performed at an exceptional level as Interim CEO and has earned our full confidence that he is the best choice for the CEO role" says Dr. Steven Small, Executive Chairman of the Corporation.

About DealNet Capital Corp.

DealNet is a consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. DealNet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.

For additional information please visit www.sedar.com.

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