DealNet Capital Corp.
CNSX : DLS
PINKSHEETS : GAIMF

October 11, 2012 11:43 ET

DealNet's BPO Division Successfully Launches Two New US Locations

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2012) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) today announced it has successfully launched two new facilities in Reno, Nevada and Fort Myers, Florida to support a previously announced client contract for processing loyalty program applications.

In September, the Company's BPO division, OC Communications Group held a news conference attended by Reno Mayor Bob Cashell and other city, state, county and economic development officials, to announce that the company had leased over 13,000 square feet at 1175 Financial Boulevard in Reno. At the time, it was stated that the company planned to be fully operational at this site by September 17th and the Company is delighted to report that it has achieved this goal.

Mr. Bob Cariglia, President of DealNet Capital Corp. stated, "The availability of skilled labour and proximity of Reno to key target customers made the selection easy and we are thrilled to have achieved our customers launch targets. Having previously managed the largest BPO provider in Canada I am very familiar with the complexities of delivering a secure site that is ready for operations within such a short time frame. I am proud of our BPO team's accomplishments; especially given the fact our implementation teams were also launching new programs in Toronto simultaneously."

The Company also launched a second center in Fort Myers, Florida to support eastern USA regional volume for the same application processing contract announced in September. From being awarded the business to launch, the Company sourced, contracted, and equipped two sites in record time in order to meet important milestones that were critical to the success of the customer program. The Company also successfully identified over 200 potential hires to support the growth of this program.

Mr. Cariglia also noted, "These two new facilities provide DealNet with a solid footprint in the US market and we are actively marketing the sites to new prospects with a view to fill the excess capacity as quickly as possible."

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 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.

For additional information please visit www.sedar.com.

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.

Contact Information

  • DealNet Capital Corp.
    Mr. Graham Simmonds
    Chairman and Chief Executive Officer
    Direct: +1-416-843-2881
    jgrahamsimmonds@gmail.com