DealNet Capital Corp.

September 13, 2012 11:07 ET

DealNet to Acquire Home Services Company

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2012) - DealNet Capital Corp. ("the Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce that it has entered into a letter of intent agreement to acquire an Atlanta based Home Services Company. ("HSC"). HSC is in the business of providing Heating Ventilation and Air Conditioning ("HVAC") after-market protection plans to over 2000 customers (home owners) in the greater Atlanta area.

"The Company continues to build upon its HVAC financing and services offerings by leveraging the infrastructure provided by its recently acquired BPO division. With the HSC acquisition, DealNet continues to build its recurring revenue business by establishing a platform to expand its reach into the home services market and home energy services business. DealNet will utilize this platform to further develop and build the business both organically and through the consolidation of complimentary entities." stated Mr. J. Graham Simmonds, Chief Executive Officer. He added, "With this acquisition we acquire the key customers, systems and personnel with expertise in this lucrative vertical market segment to support our further expansion throughout Canada and the United States."

The terms of the HSC acquisition agreement include the issuance of up to 2,500,000 common shares and $325 per qualified customer (a customer in good standing) capped at an initial payment of $500,000. Any amount due above and beyond the initial payment will be paid over 24 months and secured via a Promissory Note. In addition, deferred compensation will be paid during the first 18 months following closing based on the earnings before interest, tax and depreciation ("EBITDA") performance of HSC. Up to 2,500,000 common share purchase warrants may also be issued to the shareholders of HSC based on the EBITDA performance of HSC during the first 24 months after closing.

Closing of the transactions described herein will occur on October 31, 2012 or immediately upon receipt of any required regulatory approval.

DealNet Capital Corp. (Formerly GameCorp Ltd.) is a merchant banking company that is opportunistic with its investment scope. 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.

ON BEHALF OF DealNet Capital Corp.

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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.

The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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