DealNet Announces Closing of $1.5 Million Convertible Debenture
TORONTO, ONTARIO, JUNE 18, 2015 DealNet Capital Corp. (“DealNet” or the “Company”) (CSE: DLS) has closed its previously announced private placement for $1.5-million of convertible debentures as announced on June 17, 2015.
The company received a single subscription for the entire $1.5-million convertible debenture offered. The debenture will mature on June 18, 2017, bear interest at the rate of 12 per cent per year payable quarterly and be secured by the assets of Impact Mobile Inc., a wholly owned subsidiary of the company, subordinated to a secured line of credit of Impact Mobile. The principal amount of the debenture will be convertible at the holder’s option into common shares of the company at a conversion price of 19 cents for each common share. The company may, at its option, redeem any or all of the debenture at any time prior to maturity for the unpaid principal plus accrued but unpaid interest. If the current market price of the common shares on the date which the company provides the redemption notice is not at least 125 per cent of the conversion price, the company must also pay an additional amount equal to 20 per cent of the interest the holder would have received if held until maturity. The debenture is subject to a hold period expiring on Oct. 19, 2015.
The company will use the net proceeds of the offering to redeem its current secured subordinated debentures, which mature on July 29, 2015, along with accrued but unpaid interest, for approximately $1.15-million. The balance will be used for general working capital purposes.
In connection with the debenture offering, the company paid a finder’s fee of $105,000 and issued 552,631 broker warrants. Each broker warrant is exercisable for one common share of DealNet at 19 cents per share during the period ending Dec. 18, 2016.
About DealNet Capital Corp.
DealNet Capital Corp. focuses on two key vertical markets, Consumer Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Consumer Engagement space helping their corporate customers ‘speak’ to their consumers the way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.
DealNet Raises $1.01M From Final Tranche of Private Financing
DEALNET ANNOUNCES FINANCING UPDATE AND ISSUANCE OF STOCK OPTIONS
DealNet Capital Corp. (DLS: CSE) has completed the fourth and final tranche of its private placement that was announced on Nov. 25, 2014.
The closing today resulted in the issuance of 8,015,836 units, consisting of 8,015,836 common shares and 8,015,836 common share purchase warrants. As consideration for the units issued in this closing, the company received subscriptions of $1,019,837 in cash and $503,174 from the full and final settlement of various liabilities owing by the company. The securities issued today will be subject to a hold period until Oct. 18, 2015.
Included in the closing today were subscriptions from insiders totalling $645,000, as well as employees of the company for $46,000. The insiders are related parties of the company under Multilateral Instrument 61-101. The company is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report to be filed in connection with these financings. Having regard to these exemptions and the company’s desire to close the financings described herein as soon as possible, the company believes that it is reasonable to have closed the private placement fewer than 21 days after the date of this news release.
In connection with this closing, the company incurred finders’ fees of approximately $9,706 and issued 51,086 broker warrants to registered brokers.
The company is also announcing that it intends to complete a non-brokered private placement for up to $1.5-million of convertible debentures. The debentures will mature two years from the date of issue, bear interest at the rate of 12 per cent per annum, payable quarterly, and be secured by the assets of Impact Mobile Inc., a wholly owned subsidiary of the company, subordinated to the secured line of credit of Impact Mobile. The principal amount of the debentures will be convertible at the holder’s option into common shares of the company at a conversion price of 19 cents for each common share. The company may, at its option, redeem any or all of the debentures at any time prior to maturity for the unpaid principal plus accrued but unpaid interest. If the current market price of the common shares on the date which the company provides the redemption notice is not at least 125 per cent of the conversion price, the company must also pay an additional amount equal to 20 per cent of the interest the holder would have received if held until maturity.
The company will use the proceeds of the debenture offering to redeem all its current secured subordinated debentures, which mature on July 29, 2015, along with accrued but unpaid interest, for approximately $1.15-million. The balance will be used for general working capital purposes.
In connection with the debenture offering, the company will pay a finder’s fee, when applicable, of 7 per cent in cash and 7 per cent in warrants (with a term of 18 months and an exercise price of 30 cents) to registered holders.
The company is also announcing, in accordance with the terms of the company’s stock option plan, the issuance of an aggregate 2.55 million stock options to directors of the company. The options will vest over a period of three years and will be exercisable for a period of five years at an exercise price of 21 cents per stock option.
We seek Safe Harbor.
DealNet (DLS:CSE) Announces Changes to its Board of Directors
DealNet Appoints Four Directors; Two Directors Resign
DealNet Capital Corp. (“DealNet” or the “Company”) (DLS: CSE) is pleased to announce that Dr. Steven Small has joined the Board of Directors of the Company as Executive Chairman of the Board. Additionally, Harold Bridge, Brent Houlden and John Radford have also joined the Board of Directors.
Dr. Steven Small is a Co-Founder and seed capital investor of Element Financial Corporation, a top 100 TSX corporation, where he acted as Executive Vice Chairman and member of several Board Committees until April, 2015. Dr. Small is currently a Founder-Director of INFOR Acquisition Corp.
He is also a founding investor and director of the Axium Group (www.axiumgroup.com), the world’s largest workforce management consulting practice.
He was a Co-Founder, seed capital investor, and Director of Newcourt Credit Group. Newcourt was, when sold to CIT in 2000, was the largest independent “non bank” asset backed finance company in the world. He also co-founded Knightsbridge Human Capital Solutions, which became Canada’s largest vertically integrated HR firm before being sold to LHH (an Adeco Company) in March of 2015.
For the last 30 years, Dr. Small has been active in a wide variety of business ventures – primarily private venture capital and corporate activities in many business sectors including finance, money management, personal care businesses, technology, health care and consulting. His business career has been primarily as founding investor and an active contributing board member of various private and public companies as well as engagements as Interim CEO, financial and strategic advisor. His firm, Capital Partners Corporation founded and managed, as General Partner and investor, a $100 million venture capital LP Fund which was sold in 2000.
Dr. Small’s professional degrees from the University of Toronto are Doctor of Dental Surgery (D.D.S.) as well as a post graduate Degree in Anaesthesiology and he remains a Certified Specialist in Anaesthesiology. In addition to founding a large group practice which he lead since 1982 he served as an Associate Professor of Aneasthesiology at the University of Toronto until 1997. He holds numerous professional awards and distinctions.
Dr. Small was one of the earliest business professional to attend the Rotman School of Business (U. of Toronto) to earn the ICD.D Professional Director designation of the Institute of Corporate Directors.
Mr. Bridge has assumed the role of Chair of the Audit Committee. Mr. Bridge is the Chairman & Chief Executive Officer of Kathar Enterprises Inc., a Toronto-based firm that provides corporate finance, mergers & acquisition and financial advisory services to national and international clients. Mr. Bridge currently serves on the board of Element Financial, and is Chairman of the Element audit committee. From 1976 to 2006, Mr. Bridge served as a partner in the financial advisory, audit and consulting services practice at Deloitte & Touche LLP and as Executive Vice President and Director at Deloitte & Touche Corporate Finance Canada Inc. He is a Director of Aquam Corporation, Direct Credit Ontario Inc. and was Chairman of the International Examination Review Board for the Corporate Finance Designation (CF) for the Canadian Institute of Chartered Accountants (CICA). Mr. Bridge has been an advisor to the Equipment Lessors’ Association and the CICA’s Sub Committee on Leasing and is the co-author of Leases: Financial Reporting and Analysis, published by the CICA. He has lectured on taxation and leasing issues at the World Bank, the Conference Board of Canada, Queen’s University and the University of Toronto as Associate Professor of Accounting and Special Lecturer in Advanced Accounting and Finance. Mr. Bridge holds a Bachelor of Commerce degree in Finance & Accounting from the University of Toronto, a Master of Business Administration degree in Finance and Operations Research from Queen’s University, a Corporate Finance designation from the CICA, is a Fellow of the Ontario Institute of Chartered Accountants (FCA) and has earned the professional independent director designation (ICD.D) from the Institute of Corporate Directors and the University of Toronto’s Rotman School of Management.
Mr. Houlden is a retail strategy & operations consultant with deep financial advisory skills. He understands how digital and mobile technologies have changed shopping patterns and the path-to-purchase of consumers. Specifically, Mr. Houlden has assisted retailers and other consumer businesses to rapidly develop their OmniChannel capabilities to counter the decline in foot traffic in traditional shopping malls and to respond to on-line offerings. He has also assisted manufacturers and suppliers to go direct-to-their consumers by leveraging web based technologies.
After 26 years as a Deloitte partner, he retired from the Firm in November 2014 to co-found CR Advisors – a consulting boutique focusing on formulating high impact and practical business solutions. As a senior Deloitte partner, he held various leadership positions building Deloitte’s Consulting and Financial Advisory practices. Through his career, he led Deloitte’s retail practice in Canada while serving numerous retailers, consumer product companies, real estate developers and landlords.
His governance experience includes serving on the Canadian Board of Directors of Deloitte for two terms, as well as Director and Treasurer of The Empire Club of Canada, Chair of University of Toronto Press and director of the Mount Pleasant Group. In addition, he has been actively involved in various advisory boards for technology start-ups.
Mr. Houlden holds a MBA (Queen’s University), two accounting degrees (CPA, CA and CPA (Illinois)), CAIRP (ret), trustee license from OSB, and ICD.D.
Mr. John Radford assumed the role of Chair of the Corporate Compensation and Governance Committee. He has held senior executive level positions in the automotive sector at both Corporate and Retail spheres in the USA and Canada for over three decades and retired as Senior Executive Vice President of National Sales and Marketing of Ford Motor Company of Canada in 2000. That role carried direct and material P&L responsibility in one of Canada’s largest corporations.
Mr. Radford was VP and General Manager of the Morguard Auto Group between 2000 and 2009 leading the Group to be Canada’s largest volume and most profitable Ford Group in Canada. Currently, Mr. Radford is the senior Executive Auto Recruiter at the Marckis Group, Canada’s leading exclusive auto executive recruiting company for international OEM’s and OEM’s captive auto loan operations. In addition, Mr. Radford is currently the Ontario Regional Manager for LoJack Canada with over 200 dealer/distributors, a world leader in stolen auto/commercial equipment recovery.
Mr. Radford has held several directorships/governance roles including Wilfrid Laurier University, (Chair) Sheridan College, Ford of Canada Limited, Ford Credit Canada Limited along with a number of small private businesses. Mr. Radford has earned the professional independent director designation (ICD.D) of the Institute of Corporate Directors from the Rotman School of Business.
The Company also announces that Robert Cariglia and Henry Kloepper have stepped down from the Board of Directors of the Company, effective immediately and the Company thanks them for their contributions.
“I am very pleased that our company has advanced to the level that has enabled us to attract such a high quality board with deep experiences in alternative finance and OmniChannel engagement. Their understanding of the value of our platform and the marriage of finance and engagement serves as terrific validation for our team and all the hard work they have done to build an exceptional platform for accelerated growth. This is a major milestone that I believe will reward shareholders, staff and customers in many ways.” Said Michael Hilmer, CEO.
About DealNet Capital Corp.
DealNet Capital Corp. focuses on two key vertical markets, Consumer Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Consumer Engagement space helping their corporate customers ‘speak’ to their consumers the way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.For additional information please visit www.sedar.com.
Proximity Marketing: “Near me” Impact Mobile
Impact Mobile, part of the DealNet Capital Corp. (DLS:CSE), offers customer engagement services via mobile marketing solutions. Proximity marketing strategies enable retailers to reach customers with relevant content and solutions tailored to client’s immediate needs. Google’s “I-want-to-go” moments sketches the portrait of a connected consumer who not only makes decisions but also takes actions based on a satisfactory search result.
Can ‘Near Me’ Searches Make or Break Local Businesses?
If you walk down a busy city street, you’re likely to see many people glancing down at their smartphones as they go. Yes, some of them are reading emails and text messages — but some are probably searching for the closest location to purchase something they want right now.
Mobile devices have changed the entire process of looking for and retrieving information, especially when it comes to finding local products and services. In a recent article on Google blog Think with Google, author Matt Lawson, director of search ads marketing for Google, called these location-specific queries “I-want-to-go” moments — instances in which consumers use mobile search to quickly find what they want in the immediate area.
“Words like ‘near me,’ ‘closest’ and ‘nearby’ are increasingly common across the billions of queries on Google every month,” Lawson wrote. “More and more, people are looking for things in their vicinity — be it a gym or a mall, a plumber or a cup of coffee. Google search interest in ‘near me’ has increased 34 times since 2011 and nearly doubled since last year. The vast majority come from mobile — 80 percent in Q4 2014.”
As you might expect, “near me” searches aren’t solely for informational purposes; people make decisions and take action shortly after they find a satisfactory search result. According to Google data, 50 percent of consumers who conduct local searches on their smartphone go to a store within 24 hours, and nearly 20 percent make a purchase within a day. Therefore, businesses need to be searchable, especially via mobile, if they want to attract local customers.
“With a world of information at their fingertips, consumers have heightened expectations for immediacy and relevance,” Lawson said. “They want what they want, when they want it. They’re confident they can make well-informed choices whenever needs arise. It’s essential that brands be there in these moments that matter — when people are actively looking to learn, discover, find or buy.”
Brands can prepare for these spontaneous, act-now moments by thinking through situations in which consumers might search for their store and making sure they’re ready for them, Lawson said. Data analytics tools, and even day-to-day observations and patterns, can help you figure out when these situations are most likely to arise. Specific days and times will vary depending on the type of business you run — for instance, a restaurant or boutique might see spikes during night and weekend hours, while a coffee shop would likely see more foot traffic in the mornings and afternoons.
Lawson made the following recommendations for getting consumers in the door after they find your local business through a search:
- Think about how customers are interacting with your brand or category, particularly via their smartphones, when they are near one of your stores.
- Find ways to be there when people are looking for your business’s location, or when they want to know where they can connect with your brand.
- Incorporate user context into your ad messaging with technologies like location extensions or local inventory ads to show users relevant information about stores nearby.
- Easily deliver useful local information — such as directions, inventory and pricing — when people land on your site or app.
- Measure the impact of digital interactions both online and offline: Have a system in place to estimate or track how much store traffic results from digital interactions.
No matter which tactics or technologies you choose to implement, what matters is that you do plan for these “near me” searches that are sure to occur.
“Whether you’re a small business or global brand, you need to deliver on needs in these moments,” Lawson wrote. “Those who stay centered on the consumer’s context and intent in the moment will not only deliver on needs, they’ll also seamlessly advance the consumer journey and build brand preference along the way.”
Original article by Nicole Fallon, appeared in the Business News Daily. Read the article here.
DealNet Chosen as Mobile Engagement Partner by Jim Pattison Broadcast Group
DealNet Capital Corp Chosen as Mobile Engagement Partner by Jim Pattison Broadcast Group for Edmonton Radio Station
News release – April 15, 2015 – DealNet Capital Corp. (“DealNet” or the “Company”) (DLS:CSE) is pleased to announce that its mobile engagement subsidiary, Impact Mobile, has signed an agreement with the Jim Pattison Broadcast Group’s (“JPBG”) Edmonton radio stations.
The agreement will provide JPBG’s radio stations the ability to “chat” with listeners via SMS, and to interact using contests, voting, and other mobile engagement techniques.
“We have worked with Impact Mobile in the past, and are pleased to sign this new agreement with them.” said Jamie Wall, General Manager of JPBG in Edmonton. “They’ve proven to be a valuable partner, and we’re confident we’ll be able to expand the relationship with our audiences.”
“We’re very pleased to sign this new contract. We are already working to enhance the services that we provide to JPBG, recognizing that JPBG is trusting us to make sure they have access to the most innovative and robust mobile engagement solutions in the market”, said Mike Hilmer, COO, Interim President and CEO of DealNet.
About DealNet Capital Corp.
Dealnet Capital Corp. focuses on two key vertical markets, Consumer Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Consumer Engagement space helping their corporate customers ‘speak’ to their consumers the way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.
DealNet (DLS:CSE) Provides Business Update and Organizational Changes
DealNet Provides Business Update and Organizational Changes
April 8, 2015 – News Release – DealNet Capital Corp. (“DealNet” or the “Company”) (DLS:CSE) is pleased to provide the following business update and organizational changes.
The Company operates under two main divisions, consisting of Consumer Engagement and Consumer Financing. The Consumer Engagement division consists of two wholly owned subsidiaries, OC Communications Group Inc. (“OCCGI”) and Impact Mobile Inc. (“Impact Mobile”). This division helps corporate clients ‘speak’ to their customers the way customers want to be spoken to, utilizing a range of technologies including live voice, chat, text, email and proximity based engagement solutions. By moving live call engagements to other platforms, including mobile messaging engagements, the Company is able to reduce operating costs for its corporate clients, increase consumer satisfaction and drive higher margins from each customer engagement. The Consumer Engagement division has operations in both Canada and the United States.
The Consumer Financing division operates through a wholly owned subsidiary, One Dealer Financial Services Inc. (“ODFSI”). The Company has leveraged OCCGI’s Consumer Engagement business to offer home improvement financing solutions to consumers, which offer attractive yields supported by low default rates.
Over the last several months, Management has undertaken a number of initiatives to:
- Align the business for further growth with expanded and integrated services
- Consolidate acquired sales and delivery functions
- Reduce financing and overhead costs
- Strengthen the Company’s financial position
- Strengthen board and management with key additions
The Company is pleased to report progress in all areas.
Conversion of Convertible Debentures
On December 16, 2014, the Company announced an incentive plan in an effort to entice holders of the Company’s 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} convertible debentures maturing in December 2015 to convert their debentures on or before December 31, 2014. Of the $2,415,000 convertible debentures outstanding prior to the announcement of the incentive plan, $2,140,000 (or 89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the outstanding debt) was converted. This conversion improves the Company’s financial position and eliminates cash interest expenses of approximately $250,000 in the 2015 fiscal year.
Closing of Non-Brokered Private Placement
As announced on November 25, 2014, the Company embarked on a non-brokered private placement to raise up to $5 million in new equity through cash and the settlement of existing debts of the Company. On February 11, 2015 and March 13, 2015, the Company closed the first and second tranches of this offering. To date, the Company has issued $3.1 million of equity, consisting of gross cash proceeds of approximately $1.2 million and the settlement of existing debts of the Company of approximately $1.9 million. The Company expects to complete one more closing in the coming weeks.
Closing of Secured Debenture for HVAC Leasing
On March 12, 2015, the Company announced the closing of a $3,000,000 three year debenture by its wholly owned subsidiary, ODFSI. The closing consisted of a single debenture by the wealth management arm of one of Canada’s largest life and health insurance companies. The investor has the option to invest up to $50 million under the offering at their discretion. Management believes this to be a significant closing following a year of discussions and due diligence by this reputable institution.
Changes to Board and Executive Team
On March 23, 2015, Mr. Robert Cariglia, agreed to step down from the position of President and CEO of the Company. Mr. Cariglia will continue to serve as a director of the Company. Pierre G. Gagnon, Chairman of the Company stated “We wish to thank Bob for his dedicated service and contributions to the Company during its formative years and look forward to his continued contributions at the Board level”.
Michael Hilmer, Co-Founder, Chief Operating Officer of the Company, will assume the role of Interim President and CEO of the Company.
Also on March 29, 2015, the Board of Director’s passed a resolution inviting Dr. Stephen Simms to join the board. Dr. Simms has over 25 years of hands-on experience in the private and public company arena. He has been involved with every aspect of corporate management and growth, from initial start-up to product development, commercialization and sales. He has worked on corporate finance, business and product development, financial management, merger & acquisition reviews, infrastructure projects, financial forecasts, cash flows, budgets, financial analysis, project management and executive management.
On January 15, 2015, Gary Martin joined the Company as Senior Vice President, Sales and Marketing. Gary, who began his career at IBM, brings over two decades of global technology sales and leadership experience to DealNet. He has held senior sales and leadership roles with leading companies in the technology and business process outsourcing industry including: DMR Consulting Group, Changepoint, TELUS, PwC, and most recently Accenture. Throughout his career, he has worked with global clients across a number of industry sectors helping them maximize their return on investments in technology.
Major Contract Wins in Consumer Engagement Division
The Consumer Engagement business continues to thrive with growth from existing customers and new customer engagements:
- In the fall of 2014, OCCGI successfully launched a five-year agreement with a leading Canadian insurance company to provide service desk support with minimum revenues to OCCGI of $1.2M.
- In the fall of 2014, Impact Mobile entered into a multi-year agreement to provide a mobile marketing platform to a major weather network allowing the network to run self-service mobile engagement programs with its partner brands.
- In February 2015, OCCGI was successful in renewing and expanding outsourcing support for a strategic North American based energy retailer.
- In March 2015, OCCGI was successful in renewing a two-year outsourcing contract with a client in the safety regulation industry in Ontario with minimum revenues to OCCGI of $864K over two years.
- In March 2015 Impact Mobile signed an agreement to provide messaging connectivity into Canada for a major international messaging gateway provider. The gateway provider currently routes millions of SMS messages per month into Canada for banks, consumer brands, mobile marketing corporations, and other enterprise clients. The contract with Impact Mobile includes the migration of this existing messaging as well as future traffic, which is expected to expand to include multimedia messaging (MMS).
- OCCGI is realizing organic growth within existing contracts. In July 2013, OCCGI announced a five-year, $10 million ($2 million annually) contract with a Fortune 500 financial services client in the United States to provide inbound customer service in English and Spanish. The support went live in September 2013 and revenue for the first year of the contract was in excess of $4.6 million. The client is also entertaining additional proposals from our Consumer Engagement team including products and services provided by Impact Mobile as part of our overall engagement solutions.
Enhanced Product Offerings
- The launch of our Proximity and Analytics Engagement Solution is complete and new branding is expected to be launched in the spring of 2015 to simplify the market messaging. New alliances have been forged with best-of-breed networking and infrastructure companies that provide a component of our engagement solution and wish to sell through our solutions to their customers. Formalization of these relationships is expected later in 2015.
- In November 2014, Impact Mobile expanded mobile marketing operations into Brazil to service the needs of leading international brands. The technical work has been completed to support the launch of a major sports brand by June 2015.
- In December 2014, Impact Mobile successfully provisioned and launched Canada’s first Next Generation 3-1-1 (NG3-1-1) Service with the City of Windsor, Ontario as the anchor municipality allowing residents to have two-way texting communication for a full range of services and informational options across any carrier network nationally.
- In February 2015, Impact Mobile successfully provisioned and launched Canada’s first Next Generation 2-1-1 (NG2-1-1) Service with the BC Services Society call centre allowing residents of the Lower Mainland to access BC2-1-1 services by texting 211 from their mobile device. This allows the public to access free information and referrals regarding social services in BC with a text message.
Consumer Financing:
- ODFSI has added over 23 dealers since the soft launch of the business in the second half of 2014 and continues to grow its dealer base selectively and quickly.
- With new access to institutional financing, ODFSI has accelerated the dealer onboard process in anticipation of increased volume and deal flow including increasing the size and volume of the dealers being added. The Company is in discussions with multiple underwriters to ensure maximum capacity to support anticipated consumer rental contract volumes.
- Since September 2014, the Company has been processing regular weekly deal flow often with several deals daily and expects to scale that volume significantly in Q2.
- Loan defaults to date on deals funded in 2014 were less than anticipated and below underwriter requirements.
- Launched new white label funding program to support dealer supplied equipment and homeowner solutions and received positive feedback on pricing and demand leading to increased interest from the dealer community.
Other Corporate News
- In the fall of 2014, the Company launched its new website, www.dealnetcapital.com, which focuses on the Company’s two primary verticals, Consumer Engagement and Consumer Financing.
- Integration of Impact Mobile into Consumer Engagement business is substantially complete. Common functions have been integrated and several joint engagement initiatives are being worked on including various strategic initiatives and partnerships that are significant in value and expected to close in 2015.
- The Company has built a large sales pipeline of opportunities that have been bid on, shortlisted or are in various stages of discovery, supporting the combined Consumer Engagement messaging in the market. The Company expects to win new business in 2015 under long term contracts.
About DealNet Capital Corp.
Dealnet Capital Corp. focuses on two key vertical markets, Consumer Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Consumer Engagement space helping their corporate customers ‘speak’ to their consumers the way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.
DealNet to Provide International Messaging to Gateway Provider
International Messaging Gateway Provider Chooses DealNet for Connectivity Into Canada
2015-03-31 -News Release- DealNet Capital Corp. (DLS:CSE) is pleased to report that its mobile engagement subsidiary, Impact Mobile Inc., has signed an agreement to provide messaging connectivity into Canada for a major international messaging gateway provider. The gateway provider currently routes millions of SMS messages per month into Canada for banks, consumer brands, mobile marketing corporations, and other enterprise clients. The contract with Impact Mobile includes the migration of this existing messaging as well as future traffic, which is expected to expand to include multimedia messaging (MMS).
“Impact Mobile is already a leader in providing gateway services into Canada, routing traffic for several of the world’s largest international messaging companies. The Company’s strong carrier relationships and quality of service are recognized in the market, and this contract with yet another global leader is further testament to that leadership,” stated Michael Hilmer, COO of DealNet.
Traffic migration and revenue recognition will begin in April, 2015.
About DealNet Capital Corp.
DealNet Capital Corp. focuses on two key vertical markets, Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Engagement space helping their corporate customers ‘speak’ to their consumers they way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.
We seek Safe Harbor.
The Introduction of 311
By: Frehiwote Negash –
The introduction of 3-1-1 into municipal government has been a godsend for city workers and the public at large in facilitating communication between the city and its citizens. By dialling 3-1-1, locals can access services and vocalize concerns while allowing City Hall to effectively respond to inquiries and complaints. The city of Baltimore was the first to adopt the 3-1-1 service in 1996. Today, municipalities all over North America have integrated the service and have made it available on a number of platforms to facilitate access. 3-1-1 gives citizens’ access to a whole range of non-emergency city services such as snow and garbage removal to reporting broken streetlights. As technology continuously evolves and people adapt to new forms of communication, cities must also find ways to better communicate with locals.
In collaboration with DealNet Capital Corp (CNSX.DLS), the city of Windsor, have added a texting option to their 3-1-1 platform; the first of its kind in Canada. The short code 3-1-1 enables citizens to access services or lodge complaints via text during weekdays from 8:30-4:30 excluding holidays. As citizens are increasingly more reliant on cell phones, the texting option offers a much more convenient way to interact. While citizens can still access 311 services via phone, email or online, by offering the services on various platforms, city mangers will be better equipped to respond much more effectively to the public and relay information. Windsor Mayor Drew Dilkens has stated that he wants to start tracking info on city department responses in order to place the onus on city councillors to respond promptly and effectively. This type of initiative not only provides feedback to the City Hall on its performance but it forces city councillors to be accountable to its constituents.
Source: blog.civiccommons.org, Windsor Star
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