TORONTO, March 25, 2019 /CNW/ - Dealnet Capital Corp. ("Dealnet" or the "Company") (TSX VENTURE: DLS), is pleased to announce that it has appointed Mr. Michael Koshan to the position of Chief Financial Officer and Treasurer of the Company. In accordance with good corporate governance practices, Mr. Koshan will resign from the Board of Directors immediately.
Mr. Koshan has served as Treasurer of the Company since 2016, before being appointed Interim Chief Financial Officer in November of last year. Mr. Koshan was appointed to the Board of Directors of the Company in May 2018.
"I want to congratulate Mike on his appointment as CFO and Treasurer of Dealnet," said Harold Bridge, Dealnet Chairman. "we are confident in Mike's ability to proactively lead our finance organization and maintain our strong funder relationships, as we continue to work towards origination growth and profitability."
About Dealnet Capital Corp.
Dealnet is a specialty finance company serving the $20 billion Canadian home improvement finance market. The Company develops and supports consumer sales financing programs for approved dealers and distributors under agreements with original equipment manufacturers (OEMs) that supply a wide range of home improvement products to the retail market. The Company runs its Consumer Finance segment through the operating business, EcoHome Financial Inc.. Through a dealer network, the Company underwrites, originates, funds and services the prime quality loans and leases that homeowners need to finance the acquisition and installation of capital assets that improve the quality, comfort and safety of their homes.
In addition, the Company operates its Engagement segment in the business communications industry in Canada and the U.S. under the One Contact banner, offering 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]