DealNet Capital Corp.

DealNet Capital Corp.

September 03, 2013 09:00 ET

DealNet Lands $10 MM Contract to Service Fortune 500 Financial Institution

TORONTO, ONTARIO--(Marketwired - Sept. 3, 2013) - DealNet Capital Corp. (the "Company") ( (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce that its Business Process Outsourcing ("BPO") subsidiary, OC Communications Group Inc. ("OCCGI"), has been awarded a five-year contract with a major global loyalty platform provider to support a U.S.-based Fortune 500 financial services customer.

OCCGI will provide inbound customer service in English and Spanish from its highly secure Reno, Nevada location. Scheduled to launch in September 2013, the program will roll out to four million customers and is expected to yield upwards of $10 million in revenue over the five-year term.

"There was little question as to whether we were the right choice for the program given OCCGI has successfully worked with both the loyalty platform provider and the financial institution in the past," said Michael Hilmer, COO of DealNet Capital Corp., and President and CEO of OCCGI. "Over the course of the past 18 months OCCGI has worked with all parties associated with the program to ensure an efficient design and favourable outcome for the credit card holders being migrated from the old platform, and we are delighted to announce that we are at 100% readiness with customer service representatives undergoing extensive training for the September 2013 launch."

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. 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.


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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'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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