DealNet's Consumer Financing Platform Secures Up to $50,000,000 of Senior Secured Debentures
Summary
TORONTO, ONTARIO--(Marketwired - Dec. 12, 2014) - DealNet Capital Corp. ("DealNet" or the "Company") (CSE:DLS) is pleased to announce that the Companys consumer financial services arm, One Dealer Financial Services Inc. ("One Dealer Financial") has secured a subscription agreement for the first tranche of its senior secured debenture (the "Debenture") from the wealth management arm of one of Canadas largest life and health insurance companies (the "Investor"). "We are very excited to partner with this prestigious institution and look forward to a mutually beneficial relationship validating and growing the consumer financing platform we have developed." DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet Capital has an investment mandate to acquire and develop investee companies focused on generating high margin recurring revenue through innovative customer engagement models. The Company has focused its investments towards two key industry verticals: the thriving North American business process outsourcing ("BPO") market through its wholly-owned subsidiaries, OC Communications Group Inc. ("OCCGI") and Impact Mobile Inc. ("Impact Mobile"); and the consumer financing market through its wholly-owned subsidiary, One Dealer Inc. ("One Dealer").