TORONTO, April 9, 2018 /CNW/ - The board of directors (the "Board") of Dealnet Capital Corp. ("Dealnet" or the "Company") (TSXV:DLS) is pleased to announce that it has appointed Mr. Brent Houlden to the position of President and Chief Executive Officer of the Company.
Since his appointment as the Interim Chief Executive of the Company in October of last year, Mr. Houlden has made significant progress in rationalizing Dealnet's call centre operations, improving the consumer finance operations and significantly reducing corporate overheads. His skill and experience steering the Company through these changes, together with his proven expertise in managing the transformation of a number of public and private companies, led the Board to conclude that Mr. Houlden was the ideal candidate to assume the President and CEO role at Dealnet going forward.
Harold Bridge has been appointed as the Chairman of the Board. Mr. Bridge has served as the Lead Independent Director of Dealnet since June 16, 2015. He has had a distinguished business career, has served on a variety of public and private company boards, and is highly knowledgeable of the leasing industry, corporate financing, and mergers and acquisitions.
About Dealnet Capital Corp.
Dealnet is a specialty finance company servicing the $20 billion home improvement finance market through both dealer-based and direct homeowner-based originations of secured finance assets (equipment leases and loans). The company earns net finance income over the term of these assets and from fee income derived from the transaction support services that it provides to its dealer network. The Company also uses its engagement platform to provide customer support services on a contract basis to third-party institutions.
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This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
SOURCE Dealnet Capital Corp.
For further information: Brent Houlden, Chief Executive Officer, (905) 695-8557 ext.1145, [email protected]; John Sadler, Senior Director - Corporate Communications, (905) 695-8557 ext. 1348, [email protected]