TORONTO, ONTARIO--(Marketwire - Dec. 10, 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 important early renewal and contract extension with a major Ontario Public Service Association.
OCCGI has been servicing the Public Service Association's contact centre needs for their membership under a three-year agreement set to expire January 31, 2013. Providing all levels of support and issue resolutions, for the Association's diverse membership and their end customers, this operation is highly monitored against the client's high standards for quality, service and regulatory requirements. Adhering to these requirements ensures the safety of its membership base that includes HVAC companies, Elevator Installation and Operations, Gas Handling and various other trade industries.
With the original contract set to expire in January of 2013, the Public Service Association has contracted OCCGI to deliver services until June of 2013. The contract also allows for the Association to exercise up to 19 months of additional contract extensions on top of the current award. OCCGI continues to constantly discuss opportunities with the client to expand its service and support to their membership base in an effort to improve the Association's service offerings.
"We are excited to announce that the consistent results provided by our BPO team in Toronto have culminated in this renewal and the opportunity to continue to further develop this business," stated Bob Cariglia, President of DealNet Capital. "Servicing the needs of such a highly visible and regulated client can be challenging, however, we have been extremely pleased with our working relationship with the client that has resulted in this early contract renewal," 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.
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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.
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DealNet Capital Corp.
Mr. Graham Simmonds
Chairman and Chief Executive Officer