DealNet Capital Corp.

DealNet Capital Corp.

March 17, 2014 13:59 ET

DealNet Capital Corp. Provides One Dealer Update

TORONTO, ONTARIO--(Marketwired - March 17, 2014) - DealNet Capital Corp. (the "Company" or "DealNet") (CSE:DLS)(PINKSHEETS:GAIMF) is pleased to provide an update on its wholly-owned subsidiary, One Dealer Inc. ("One Dealer") and One Dealer Financial Services Inc. ("One Dealer Financial"). The Company has been implementing a business strategy to provide an extensive suite of services including financing solutions to independent Heating, Ventilation and Air Conditioning ("HVAC") dealers and their customers. This comprehensive service offering includes HVAC equipment financing, product supply, marketing services, customer support services and extended warranty products.

One Dealer Financial Services

The Company's consumer financial services division, One Dealer Financial, is pleased to announce that it has executed a term sheet with a leading Canadian finance company to receive up to $10 million in underwriting capital to be deployed as loans or rental contracts for HVAC equipment, installed and serviced by One Dealer's growing network of independent HVAC dealers.

The agreement with One Dealer Financial's new financial partner outlines the terms and conditions of what is expected to be a productive and ongoing relationship with an experienced funder in the alternative lending space. Both parties are working towards completion of final contracts with the definitive agreements expected to close within weeks. One Dealer Financial continues active discussions with several other financial partners that will serve to fuel the anticipated growth curve.

One Dealer

One Dealer is also pleased to announce that it is working with an established North American HVAC equipment distributor to develop a network of independent dealers to sign up for its suite of HVAC marketing and financing services. One Dealer's network currently consists of 10 full service dealers, with an additional 20 who are committed and in the process of signing.

One Dealer is targeting full service dealers who process between 15 and 100 rental deals per month at an average financed amount of $2,500 per deal. It is driving towards 200 dealers over the next 12 to 18 months, which could result in significant capital deployment and 10-year income streams. This growing network of dealers has been promoting One Dealer Financial products since the Fall of 2013, with initial contracts deployed as early as January 2014.

"We are encouraged with the progress that we are making in developing our network of dealers in Ontario and we fully expect to expand to Western Canada later this year," stated Bob Cariglia, President and Chief Executive Officer of DealNet Capital Corp. "The availability of this additional financing commitment will enable us to further accelerate the roll out of our full suite of marketing and financing solutions to the HVAC market."

About One Dealer Inc.

One Dealer Inc. is a wholly-owned subsidiary of DealNet Capital Corp., providing a full suite of comprehensive services and financing solutions to independent HVAC dealers and their customers. One Dealer Financial Services Inc., a provider of consumer financing and underwriting, is a wholly-owned subsidiary of One Dealer Inc. Please visit for more information.

About DealNet Capital Corp.

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securitas Exchange, formerly the Canadian National Stock Exchange. DealNet is a merchant banking company with a flexible investment mandate and 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. DealNet continues to look for acquisition opportunities in these key markets in order to continue to drive competitive advantages and growth.


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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 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 Capital'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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