Dealnet Appoints Seasoned Financial Executive as Chief Financial Officer

TORONTO, ONTARIO--(Marketwired - Oct. 15, 2015) - Dealnet Capital Corp. ("Dealnet" or the "Company") (TSX VENTURE:DLS), is pleased to announce that Paul Leonard has been appointed Chief Financial Officer, effective today.

Mr. Leonard brings with him an extensive background in the financial services industry with a deep understanding of consumer lending. Most recently, Mr. Leonard was Chief Financial Officer of CFF Bank, a Canadian schedule 1 bank that had approximately $245 million in assets and over $1.5 billion in loans under administration. Prior, Mr. Leonard was the Chief Financial Officer of Ally Credit Canada which offered savings products, retail and wholesale auto loans and residential mortgages through both direct and indirect channels. Ally had over $13 billion in assets before being acquired by Royal Bank of Canada. In addition, he was founding Chief Financial Officer of ING DIRECT, an innovator in offering direct to consumer savings and lending products.

Mr. Leonard is a Chartered Accountant and CPA. He holds a Bachelors of Commerce degree from the University of Toronto.

"The addition of Paul significantly strengthens our senior management team. With our focus on responsible lending growth, Paul's expertise will be invaluable to us as we transform the Canadian consumer lending space," stated Michael Hilmer, Chief Executive Officer.

Dealnet's former Chief Financial Officer, Ashish Kapoor has resigned. The Company would like to thank him for his contributions and wishes him well in his future endeavours.

About Dealnet Capital Corp.

Dealnet is an engagement enabled 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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