Two Companies Expand Successful Partnership in Mobile Health Information
TORONTO, Sept. 10 /CNW/ - Diversinet Corp. (TSX Venture: DIV, OTCBB:
DVNTF), a leading provider of secure application platforms for the mobile
world, today announced it has signed an exclusive worldwide license and
revenue share agreement with AllOne Mobile Corporation ("AllOne"), a
subsidiary of Hospital Service Association of Northeastern Pennsylvania to
cross license certain software and to share revenues from the secure mobile
access to personal health records and information. All dollar amounts are in
During the five year agreement, Diversinet will receive up to
$39.5 million as a minimum commitment from AllOne. In addition, Diversinet
also completed a $500,000 statement of work for AllOne, bringing the combined
total to $40 million. Diversinet and AllOne will continue their efforts with
health plans and other customers in the mobile personal health record and
information market. Under the agreement, the parties have certain termination
rights. This agreement replaces the agreement with AllOne Health Group, Inc.
signed in August 2007.
"This agreement demonstrates AllOne's commitment to the mobile health
information market," said Albert Wahbe, CEO and Chairman of Diversinet. "By
extending the term of the agreement and the minimum annual commitments, this
exclusive worldwide partnership provides a solid base to aggressively pursue
our business development and global sales strategy which will generate new
revenues to significantly enhance shareholders value."
"We are delighted with our expanding partnership with Diversinet. We
believe there is great potential for having personal health information at the
consumers' fingertips," said William Reed, President and CEO of AllOne.
"Secure portability of personal health records at the time of care, the
convenience and peace of mind in being able to receive fast and secure
coverage confirmation - all accessed securely through a mobile device - makes
this solution an innovative product that will enable consumers to take control
of their health information in a cost-effective manner."
Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) is a leading provider
of secure application platforms for the mobile world utilizing wireless
authentication and access solutions that secure the personal identity,
transactions and data of consumers over almost any mobile phone or handheld
device. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products
provide global, secure and cost effective applications to mobilize personal
health records, financial services transactions and identity protection
management. Connect with Diversinet Corp. at www.diversinet.com.
About AllOne Mobile Corporation
AllOne Mobile Corporation provides an industry-leading mobile application
that places personal health information at consumers' fingertips through their
mobile phones. AllOne Mobile saves health information in a secure environment
and links to users' mobile phones, giving them well-organized, easy-to-use,
24/7 mobile access -- without the need for an Internet connection. In
conjunction with its technology partner, Diversinet, AllOne Mobile enables
real-time access to health information that can be securely shared with
physicians, hospitals, pharmacies and other health care providers. For more
details, visit www.allonemobile.com.
The Private Securities Litigation Reform Act of 1995 and Canadian
securities laws provide a "safe harbor" for forward-looking statements.
Certain information included in this press release (as well as information
included in oral statements or other written statements made or to be made by
the company) contains statements that are forward-looking, such as statements
relating to anticipated future revenues of the company, success of current
product offerings and the term of the agreement with AllOne Mobile
Corporation. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ materially from those
expressed in any forward-looking statements made by or on behalf of the
company. For a description of additional risks and uncertainties, please refer
to the company's filings with the Securities and Exchange Commission available
at www.sec.gov and Canadian securities regulatory authorities available at
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Diversinet: David Hackett, Chief Financial
Officer, (416) 756-2324 ext. 275, firstname.lastname@example.org; Media Contact:
Patrick Corman, Corman Communications, LLC, (650) 326-9648,