DealNet Capital Corp.

DealNet Capital Corp.

December 06, 2012 16:28 ET

DealNet's BPO Division Signs LOI to Provide Consulting and Onsite Staffing for a National Home Improvement Installer Group

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2012) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) today announced that its recently acquired Business Process Outsourcing ("BPO") subsidiary, OC Communications Group Inc. ("OCCGI"), has signed a letter of intent with a National Home Improvement Installer Group to provide design, consulting, implementation, onsite staffing and operational management for their customer care facility.

OCCGI has established significant credibility in the market by servicing the needs of the Canadian utility and home improvement industries for more than 6 years. The letter of intent commits both parties to finalize a Master Services Agreement and Statement of Work within the next 60 days. The duration of the ongoing agreements are expected to run for a 3-year period. OCCGI is to provide the National Installer Group with consulting services to support the call center launch as well as all ongoing staffing and operations management of the new facility.

In order to meet the National Installer Group's service requirements for their customers, the company wishes to leverage the OCCGI platform and existing call center experience during the implementation period. OCCGI will use a hybrid servicing model known as OCCGI's "on-demand service suite" which is representative of the creative methods of structuring outsourcing and co-sourcing programs to best suit the customer's requirements.

"We are pleased to announce another significant agreement by the BPO team in Toronto as part of their ongoing efforts to grow and develop this important aspect of the Company's portfolio," stated Bob Cariglia, President. He continued that "This agreement, specifically in the home services space, lends further credence to our strengths in the market with profound depth in complex service and supplier management engagements."

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. In general, 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.

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

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