Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • DealNet Capital's BPO Unit Inks Deal With "Growing Canadian Payments Processor" 0 comments
    Jul 18, 2013 12:36 PM

    DealNet Capital Corp. (CNSX:DLS) says that its business process outsourcing (NYSE:BPO) subsidiary, OC Communications Group (OCCGI), has been awarded a new program with what it called a "growing Canadian payments processor".

    DealNet, which entered the heating, ventilation and air conditioning (HVAC) market last year, is working to leverage its BPO unit to provide a better customer experience for its One Dealer subsidiary, which offers financing and other services to HVAC dealers and their customers.

    Under the new program announced for the OC Communications unit today, the BPO subsidiary will be providing customer acquisition services in a business-to-business environment, offering opportunity sourcing and account adjudication services. According to the terms of the three-year agreement, the BPO unit will be the "virtual extension", said DealNet, of the client providing services out of the Toronto office.

    There is also the opportunity to service the processing demands of the client from DealNet's Reno, Nevada side, it said Thursday.

    DealNet also said it is in discussions with the client to provide payment processing terminals and services at "preferred pricing" to its One Dealer subsidiary, which provides a service offering that includes HVAC equipment financing, wholesale product supply, logistical support and marketing services.

    "OCCGI is proud to be able to strategically build and diversify our customer base with quality programs that deliver long term value to our customers," said COO of DealNet, Michael Hilmer, who is also the chief executive of the OC Communications unit.

    "These wins are a great fit for OCCGI as they enable customers to leverage our significant economies of scale."

    DealNet Capital has been working to expand its platform and services, announcing at the end of last month that its One Dealer subsidiary managed to secure a proposal for underwriting capital of $12 million from an unnamed Canadian bank for the consumer financial services arm of the business. At the time, the parties were working to finalize the agreement "as soon as practical".

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.