GameCorp Ltd.

GameCorp Ltd.

September 12, 2012 09:00 ET

GameCorp Changes Name to DealNet Capital Corp., Elects New Directors and Announces New President

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2012) - GameCorp Ltd. ("the Company") (CNSX:GGG)(PINKSHEETS:GAIMF) is pleased to report that its shareholders approved all resolutions brought before them at the Company's Annual Special Meeting held on September 4, 2012, including a resolution to change its name.

The Company announces that it has changed its name to "DealNet Capital Corp.". The Company is expected to begin trading on the CNSX under its new name and ticker symbol (CNSX:DLS) on September 13, 2012.

Graham Simmonds, Henry Kloepper and Neal Romanchych were all re-elected and Michael Hilmer, Robert Cariglia and Pierre Gagnon were newly elected as directors of the Company for the ensuing year. Mr. Robert Cariglia has also accepted the position of President of the Company and Michael Hilmer remains President and CEO of OC Communications Group and Chief Operating Officer of DealNet Capital Corp.

"We are pleased that our shareholders have supported our initiative to rebrand and position the Company as we move forward with a broader investment scope beyond the gaming industry," said Graham Simmonds, Chief Executive Officer. "We are also very pleased with the addition of Mike Hilmer and Bob Cariglia to our management team and they will be instrumental in advancing the company's business and investment plans."

Shareholders also approved a new stock option plan for the Company and reappointed DNTW Chartered Accountants LLP as the Company's auditor.

New Directors and Management

Michael Hilmer spent several years with Wood Gundy financial services. In 2000, Mr. Hilmer founded Millennium Care, a call center outsourcing company and the ninth fastest growing startup in Canada according to profit magazine 2000/2001. Mr. Hilmer acquired the OC Communications Group of Companies in 2008 and successfully turned them into strong solution providers for Financial Services, Utilities, Retail, Telecom and Pharmaceuticals.

With a career spanning 25 years, Mr. Cariglia has a proven track record in the automotive and outsourcing industries for increasing performance, expanding markets, developing strategic partnerships and integrating new technologies. Mr. Cariglia was the President and COO of Minacs Worldwide, a high growth public company providing outsourced call center and CRM services to clients in the automotive, telecom and financial sectors. Minacs was sold for $190 million in 2006. Mr. Cariglia was also the President of OneCommand, a leader in direct marketing services to over 4,000 automotive dealerships in a SaaS environment. He has also held several positions within the automotive field including the VP Sales with Daimler's Freightliner Truck division the largest manufacturer of heavy duty trucks in North America.

Pierre Gagnon is the Chairman of Premier Footworks Inc. He is an advisor to "the Shotgun Fund" and "the Succession Fund" and serves on various boards in their portfolio companies. He is a director of a number of publicly listed and as well as private companies.

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.


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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, GameCorp'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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