TORONTO, ONTARIO--(Marketwired - Sept. 4, 2014) - DealNet Capital Corp. ("DealNet" or the "Company") (CSE:DLS)(PINKSHEETS:GAIMF) has been notified by the Investment Industry Regulator Organization of Canada ("IIROC") that trading in the Company's securities has been halted on the Canadian Securities Exchange (the "CSE").
IIROC was notified by the U.S. Securities and Exchange Commission (the "SEC") that there is a lack of current and accurate information regarding the securities of the Company due to the Company's failure to file certain periodic reports with the SEC. The SEC has suspended trading in the Company's securities from September 4, 2014 through September 17, 2014 pursuant to Section 12(k) of the Securities Exchange Act of 1934. The SEC notified IIROC, and in following protocol, IIROC imposed a similar halt on the trading of the securities of the Company.
The Company continues to be a reporting issuer on the CSE who is current in its filings with the Canadian securities and stock exchange regulators. The Company intends to remediate the cessation of trading in the Company's securities as soon as reasonably possible.
About DealNet Capital Corp.
DealNet Capital Corp. is a public company that has traded 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.
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The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
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.