TORONTO, ONTARIO--(Marketwire - Oct. 18, 2012) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) today announced another strategic business win by its recently acquired Business Process Outsourcing subsidiary - OCCGI - to provide support to the loyalty program of a global logistics company.
OCCGI has established significant credibility in the loyalty space having won and executed several loyalty program customer service and support engagements. OCCGI manages point balances, mergers, redemptions, bookings and a host of other inquiries related to the customer programs. OCCGI has built a strong relationship with one of the largest global loyalty platform providers when it comes to customer service solutions, which should continue to be a significant growth area for the Company.
Building on the strong track record of working with recognized brands and delivering to niche specifications, this new program engages our BPO subsidiary to provide inbound call handling and email support for their North American small medium business loyalty program. Furthermore, once the program is established, it will be expanded to additionally provide European support in four languages this fall. This program will service the loyalty program designed to further build the client's fastest growing and strategic market sectors. The initial program includes a limited market launch for the logistics company and is expected to scale up as the full scope of the program is deployed.
The contract was initiated on September 19, 2012 and will run for a 36 month period. Delivery of the services was launched on September 1, 2012, out of the BPO subsidiary headquarters at 325 Milner Avenue in Toronto, Canada.
"We are very pleased to announce that the steadfast work of the BPO team has resulted in yet another new contract. This award will continue to fuel the development of DealNet Capital as we continue to grow as a direct result of the success of our new BPO subsidiary. While we cannot disclose the name of the client, we are confident that our performance will provide yet another reference that will result in the continued growth and expansion of the BPO division." stated Mr. J. Graham Simmonds, Chairman and CEO.
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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