DealNet Receives Multi-Million Dollar Commitment for Underwriting Capital
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/23/13 -- (the "Company") (CNSX: DLS)(PINKSHEETS: GAIMF) is pleased to announce that the Company's consumer financial services arm, One Dealer Financial Services Inc. ("One Dealer Financial"), has received a signed commitment letter from a Schedule A Canadian Bank to provide $12 Million in underwriting capital, plus a $3 Million revolving warehouse line.
The Company previously announced that it had secured a competitive underwriting proposal on June 26, 2013. One Dealer Financial has accepted the commitment letter on the basis that the lender will purchase tranches of leases, loans or rental contracts and the related receivables of various Heating, Ventilation and Air Conditioning ("HVAC") assets.
"This is a significant milestone for our One Dealer business unit that accelerates our ability to onboard dealers and launch the financial services component of our business plan," stated Bob Cariglia, President of DealNet Capital Corp.
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. 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.
One Dealer Inc. is a wholly owned subsidiary of DealNet Capital Corp., providing a full suite of comprehensive services and financing solutions to independent HVAC dealers and their customers. One Dealer Financial Services Inc., a provider of consumer financing and underwriting, is a wholly owned subsidiary of One Dealer Inc. Please visit for more information.
ON BEHALF OF DEALNET CAPITAL CORP.
For additional information please visit .
The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
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.
Contacts:
DealNet Capital Corp.
Bob Cariglia
President
Direct: +1-416-806-8816
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Datum: 23.10.2013 - 13:37 Uhr
Sprache: Deutsch
News-ID 308579
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TORONTO, ONTARIO
Kategorie:
Software
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