DealNet Capital Corp.

DealNet Capital Corp.

March 09, 2015 14:29 ET

DealNet Secures Two-Year Contract Renewal

TORONTO, ONTARIO--(Marketwired - March 9, 2015) - DealNet Capital Corp. (the "Company") (CSE:DLS) is pleased to announce that its business process outsourcing subsidiary, OC Communications Group Inc. ("OCCGI") has successfully won a two-year call centre contract renewal with a client in the safety regulation industry in Ontario.

The Company successfully bid on and won the renewal contract which is expected to generate a minimum of $864,000 of revenue over two years, commencing immediately.

"As is customary with contracts of this size and complexity, a competitive bidding process was conducted by the client at the end of the existing contract term," stated Michael Hilmer, COO of DealNet and President and CEO of OCCGI. He continued, "Winning this contract renewal is a testament to our competitive multi product offering and we are delighted to continue working with this important client."

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet Capital has an investment mandate to acquire and develop 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").


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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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