DealNet Announces the Results of Their Annual General Meeting

TORONTO, ONTARIO--(Marketwired - Nov. 13, 2014) - DealNet Capital Corp. ("DealNet" or the "Company") (CSE:DLS) is pleased to announce results of the vote by shareholders at its annual general meeting held on October 22, 2014 in Toronto, Ontario.

Results of Annual General Meeting

Each of the director nominees proposed by management for election were elected to the Board of Directors: Mr. Pierre G. Gagnon, Mr. Henry J. Kloepper, Mr. C. Fraser Elliott III, Mr. Michael Hilmer and Mr. Robert J. Cariglia were elected to the Board of Directors. Mr. C. Fraser Elliott III is a new director of the Company.

At the meeting, shareholders also approved the following resolutions:

• Appointment of Schwartz Levitsky Feldman LLP as auditors for the ensuing year and authorizing the directors to fix their remuneration; and
• Amendment of the Articles of Incorporation of the Company, as set out in the Management Information Circular as filed on SEDAR.

Mr. J. Graham Simmonds and Mr. Neal Romanchych did not stand for re-election to the Board in order to pursue other business interests. The Company previously announced the appointment of Mr. Gagnon as Chairman of the Board, replacing Mr. Simmonds on September 24, 2014. The Company wishes to kindly thank Mr. Simmonds and Mr. Romanchych for their contributions and dedicated service.

Mr. Gagnon, Chairman of the Board is pleased to welcome Mr. C. Fraser Elliott III to the Board and believes that his skills and background will provide significant value to DealNet, both in terms of enhancing corporate governance as well as providing strategic leadership to the 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.