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.
For additional information please visit www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-looking Statements
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.