TORONTO, ONTARIO--(Marketwire - Nov. 21, 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 secured an early renewal and contract extension with a utility provider in Texas.
OCCGI will continue to manage all aspects of sales and customer service for the Texas-based utility provider, including account management, payments, escalations, acquisitions and retention. DealNet's BPO division has been servicing the needs of utility customers in the United States for more than six years and has established significant credibility in the highly competitive industry.
With the original contract set to expire in February of 2013, the US utility provider has contracted OCCGI to deliver services over the next 24-month period, running through November 2014. Services will be delivered out of the Company's HQ in Toronto as well as the new facility in Reno, Nevada.
"We are pleased to announce the two year contract renewal and the opportunity to provide extended services out of our new Reno, Nevada location," stated Bob Cariglia, President of DealNet. "This renewal is a testament to the value we provide our customers and will serve to strengthen the BPO division and fuel the growth of DealNet Capital," he added.
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.
ON BEHALF OF DEALNET CAPITAL CORP.
For additional information please visit www.sedar.com and/or www.dealnetcapital.com.
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.
DealNet Capital Corp.
Mr. Graham Simmonds
Chairman and Chief Executive Officer