Mr. Michael Hilmer reports

DEALNET ENTERS STRATEGIC ALLIANCE AGREEMENT WITH GLOBAL HVAC MANUFACTURER

DealNet Capital Corp. has entered into a strategic alliance agreement with a manufacturer of heating, ventilation and air conditioning equipment to provide a tailored vendor finance program to the manufacturer's dealer network across Canada. The manufacturer is a premier global leader in the HVAC space, selling multiple well known branded products to its dealer network.

The manufacturer had previously been financing with a competitor of DealNet and was looking for a new Canadian partner who could deliver the following key attributes:

1. Friction-free finance program for its contractors;
2. Real-time-technology-enabled credit adjudication;
3. Comprehensive training and support for dealers;
4. Comprehensive experience to assist manufacturers in deploying and leveraging consumer finance programs through an extensive dealer network.

Initially, the program will be rolled out to approximately 80 dealers located in Ontario, with several dealers already on board. The program will then be deployed to the dealer network across Canada in the coming months.

Dealers are required to meet various criteria set by the manufacturer to ensure they will operate with integrity and care while representing the manufacturer's brands. The majority of sales generated by the dealer network are inbound, where the consumer invites the dealer as an authorized representative of the manufacturer for a quotation, providing another entry point into the home for DealNet.

"Manufacturer programs are an important part of our growth strategy and we are pleased to achieve this significant milestone with an industry leader that shares our philosophy for a high level of service," said Michael Hilmer, chief executive officer of the company. "A suite of financing options demonstrates the manufacturer's commitment to provide their dealers with as many tools as possible to support and service the Canadian consumer. The availability of flexible financing is important to all types of consumers making a major purchase and increases the dealer's ability to secure a sale. This program is expected to be the first of many manufacturer programs for DealNet."