DealNet to Acquire Impact Mobile

TORONTO, ONTARIO--(Marketwired - Jun 6, 2014) - DealNet Capital Corp. (the "Company" or "DealNet") (CSE:DLS)(PINKSHEETS:GAIMF) is pleased to announce that it has entered into a share purchase agreement (the "SPA") with Impact Mobile Inc. ("Impact Mobile") to acquire all of its issued and outstanding shares. The Company previously announced that it had entered into a letter of intent with Impact Mobile on February 28, 2014. Founded in 2002, Impact Mobile is a privately held technology and customer engagement services company that provides end-to-end mobile marketing solutions and carrier-grade messaging infrastructure to allow their clients to engage their mobile customers.

The terms of the SPA require DealNet to issue at closing 5,500,000 common shares of the Company, 1,500,000 of which to be held in escrow and used to retain key executives of Impact Mobile over three years; and $500,000 in cash to the vendors, payable over a period of 60 days from closing. All consideration paid to the vendors is subject to closing adjustments and the common shares will be issued in accordance with applicable securities legislation and regulatory policy until expiry of the applicable hold periods and compliance with the other requirements of applicable law. Closing of the transaction described herein will occur as soon as reasonably possible.

"We are pleased to arrive at this important milestone. Throughout the negotiations, we have worked closely together in presenting our combined offers to existing and new customers with very positive feedback leading to solicitation of pricing around our solution," stated Bob Cariglia, President and Chief Executive Officer of DealNet Capital Corp. "With closing imminent, we look forward to executing on our combined strategy to accelerate the value of this strategic transaction which increases BPO revenue by approximately fifty percent annually."

About DealNet Capital Corp.

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet is a merchant banking company with a flexible investment mandate and a strategic focus on recurring revenue businesses. The Company has focused its investments towards the thriving North American business process outsourcing ("BPO") market through its wholly-owned subsidiary, OC Communications Group Inc. ("OCCGI"), as well as the consumer financing market through its wholly-owned subsidiary, One Dealer Inc. ("One Dealer").

ON BEHALF OF DEALNET CAPITAL CORP.

For additional information please visit www.sedar.com.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

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 Capital'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.

DealNet Capital Corp.Bob CarigliaPresident and CEO+1-416-806-8816bcariglia@dealnetcapital.comFirst Canadian Capital Corp.416-742-5600 or 1-866-580-8891Eric Balog (ext 235) or Dan Boase (ext 232)info@firstcanadiancapital.com

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