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MOU Manitou Capital Corp

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Share Name Share Symbol Market Type
Manitou Capital Corp TSXV:MOU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

DealNet Capital Corp. Provides Status Update on One Dealer Business Unit

26/06/2013 4:15pm

Marketwired Canada


DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to
provide a status update on its wholly owned subsidiary, One Dealer Inc. ("One
Dealer"), and its related business arms. The Company has been developing and
implementing a business strategy to provide a comprehensive suite of services
and financing solutions to independent Heating, Ventilation and Air Conditioning
("HVAC") dealers and their customers. The service offering includes HVAC
equipment financing, wholesale product supply, logistical support, customer
care, extended warranty products and marketing services. 


One Dealer Financial Services

The Company's consumer financial services arm, One Dealer Financial Services
Inc. ("One Dealer Financial"), has successfully implemented a critical
origination platform required to manage the finance contract origination,
procurement and ongoing maintenance elements. The origination platform has been
customized, tested and approved for use providing key interface points for
dealers, suppliers and financiers. 


Further, One Dealer Financial is pleased to report that it has been granted
third party biller status with a key utility operating principally in Ontario.
This provides One Dealer Financial the ability to invoice finance and lease
payments as well as complementary services offered by One Dealer on the
homeowner's utility bill. This effectively guarantees over 99% collection on any
payments due to the Company or its subsidiaries, thus reducing underwriting and
overall servicing costs of the finance portfolio. 


One Dealer Financial is also pleased to report that it has secured a competitive
underwriting proposal from a Canadian Bank for $12 Million in underwriting
capital. The comprehensive proposal outlines critical details that will serve as
the basis for a productive ongoing relationship with the funder. Both parties
are working on a best efforts basis to finalize the commercial agreements and to
implement the underwriting solution as soon as practical. One Dealer Financial
remains in discussion with several other interested financiers, each with
compelling funding models as a means to complement the service offering to meet
market demand. One Dealer Financial will provide further financing updates as
the Company procures additional sources of capital. 


One Dealer Home Services

The Company's consumer home services arm, One Dealer Home Services Inc. ("One
Dealer Home"), has successfully completed initial development of the One Dealer
Home portal, a consumer-facing brand, leveraged to drive consumer product and
service demand to the One Dealer Network of dealers. One Dealer Home will
aggregate marketing investments currently incurred by dealers to implement a
comprehensive and targeted digital media strategy, leading to incremental lead
origination and improved lead conversion rates for its dealer base. 


One Dealer Network

Working closely with an established North American HVAC equipment distributor
("Distributor") under a Memorandum of Understanding ("MOU"), the Company and the
Distributor have begun scheduling a series of HVAC Dealer launch events expected
to commence July of 2013. Dealers attending these events will have the
opportunity to gain first hand understanding of this comprehensive suite of
services, and the benefits that are available to their operations. One Dealer
and the Distributor are working in partnership to tailor the on-boarding
strategy and process to maximize dealer turnout and program adoption rates.


"We are very pleased to provide this update regarding the considerable progress
we have made to date and look forward to the launch of these innovative and
complementary service offerings near term," 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. 


ON BEHALF OF DEALNET CAPITAL CORP.

For additional information please visit www.sedar.com.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
DealNet Capital Corp.
Bob Cariglia
President
Direct: +1-416-806-8816
bcariglia@dealnetcapital.com

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