TORONTO, ONTARIO--(Marketwire - Jan 17, 2013) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(GAIMF) is pleased to announce the appointments of Ashish Kapoor as Chief Financial Officer and Rick Henry as Vice President of Financial Services. Mr. Kapoor will be responsible for the overall finance & accounting management team and will be a key contributor in developing the Company''s strategic direction. Mr. Henry will be responsible for overseeing the Company''s Financial Services and Consumer Financing business. Working closely with top management, Mr. Henry will develop and implement the corporate processes, policies and documentation to facilitate the Company''s retail finance initiative.
"We are very pleased with the appointments of Ashish Kapoor and Rick Henry to our management team. We feel that Mr. Kapoor and Mr. Henry will be instrumental in advancing the Company''s business plans in the key markets we are targeting," stated Graham Simmonds, Chairman and CEO of DealNet Capital Corp. "Both individuals make a strong addition to our leadership team and we are very pleased to welcome them both to DealNet Capital," he added.
Mr. Kapoor has over 12 years of experience in public accounting and investment banking. Most recently, as a Senior Vice President at Macquarie Capital Markets Canada Ltd., Mr. Kapoor was responsible for the Canadian telecom, media, entertainment and technology investment banking and principal investing group and gained extensive experience in structuring and executing on investment opportunities. Mr. Kapoor is a CFA Charterholder and obtained his Chartered Accountant designation at Ernst & Young and a Masters of Accounting and Bachelor of Arts degree from University of Waterloo.
Mr. Henry has over 25 years of experience in equipment and real estate financing. As Vice President and Canadian Managing Director, Mr. Henry has led nationally recognized finance divisions for both Textron Financial and CitiCapital Limited. Mr. Henry is also involved with the BMO Institute for Learning in Toronto and Chicago and a number of Ontario Colleges where he lectures extensively in Accounting, Finance and Commercial Credit. Mr. Henry has a Charted Accountant designation and a Bachelor of Commerce degree from University of Toronto.
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.