TORONTO, ONTARIO--(Marketwired - April 18, 2013) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce that its wholly owned subsidiary, One Dealer Inc. ("One Dealer"), has formally launched its full suite of "value added" services to the Heating, Ventilation and Air Conditioning ("HVAC") industry across North America. In conjunction with the new service offering, the Company has also launched www.onedealernetwork.com as a resource for dealers to access information on the One Dealer services suite.
Over the past twelve months, the Company has been actively developing a strategy and business model for One Dealer to provide a full suite of comprehensive services and financing solutions to independent HVAC dealers and their customers. On January 24, 2013, One Dealer announced the signing of a strategic Memorandum of Understanding with a large North American HVAC equipment distributor. Both parties have continued to work together and have collaborated with select HVAC dealers to develop the service offerings of the One Dealer program. The resulting program is a unique bundled solution designed to empower small to mid-sized HVAC and home comfort dealers with services that were historically only offered by the largest of the home comfort brands. The service offering includes HVAC equipment underwriting, wholesale product supply, logistical support, customer care, extended warranty products and marketing services.
Utilizing the Company's Business Process Outsourcing (BPO) subsidiary, OC Communications Group Inc. ("OCCGI"), One Dealer is able to provide world-class infrastructure and contact center services to small to mid-sized reputable dealers allowing them to now afford a high calibre of customer service. One Dealer will initially be rolled out in the Ontario market providing around the clock customer care, service and dispatch. Using the OCCGI platform, the service offerings can be easily scaled to support a larger North American wide dealer network. Coupled with One Dealer's competitive financing and rental programs, the Company's network of dealers and their customers will benefit significantly.
The One Dealer launch commences with several initial services and will be further punctuated with the launch of One Dealer Financial Services ("ODFS"), our underwriting arm, and One Dealer Home Services ("ODHS"), our consumer home services arm. With overwhelming dealer interest, One Dealer is currently in various stages of signing several dealers to the program. The Company expects to launch ODHS in the coming weeks and ODFS shortly thereafter.
"We couldn't be happier that we are crossing this threshold. The dealer feedback and interest has been overwhelming and we are currently recruiting to support the onboarding processes for what is expected to be a significant network of dealers. The DealNet team has worked extremely hard to develop the methodologies, systems and partnerships required to be successful and I thank them and our strategic partners for their continued efforts as we enter the dealer onboarding phase of the cycle," stated Bob Cariglia, President of DealNet Capital Corp.
DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian National Stock Exchange and under the symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin Board. In general, the Company is a merchant banking company that has a flexible investment mandate with a strategic focus on recurring revenue businesses. The company has recently focused its investments towards the thriving North American Business Process Outsourcing (BPO) Market as well as the Consumer Financing Market by leveraging its recently acquired BPO division. The Company continues to look for acquisition opportunities in these key markets in order to continue to drive competitive advantages and growth.
One Dealer Inc. is a wholly owned subsidiary of DealNet Capital Corp., providing a full suite of comprehensive services and financing solutions to independent Heating, Ventilation and Air Conditioning (HVAC) dealers and their customers. Please visit www.onedealernetwork.com for more information.
ON BEHALF OF DEALNET CAPITAL CORP.
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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'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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