OTCBB: DVNTF
FOR IMMEDIATE RELEASE:Diversinet Adds International Wireless Veteran
To Board Of Directors
Company leverages Brian Barry’s two decades of international
sales, marketing and business development expertise in
telecommunications
TORONTO, Canada, April 28, 2005 – Diversinet Corp. (OTCBB:
DVNTF), a leading provider of mobile device security and authentication
solutions for the mobile data ecosystem, has appointed
telecommunications veteran Brian Barry to its Boards of Directors.
A seasoned executive with 20 years of diverse experience in the
telecommunications industry at Ericsson and Hyperchip, Mr. Barry brings
a wealth of international sales, marketing and business development
expertise to Diversinet’s Board of Directors.
“Mr. Barry’s depth of expertise in the telecommunications arena will be
indispensable as we solidify our position as a leader in the mobile and
two-factor authentication services market,” says Nagy Moustafa, CEO of
Diversinet. “Building the right team both at the operations level and
board level is a key element of our plans to target the mass-market with
our MobiSecure suite of tokens and MobiSecure Authentication Services
Center.”
Mr. Barry has spent the past year supporting merger and acquisition
activities for wireless firms such as Bitfone’s acquisition of Mobile
Diagnostix in July 2004 and Openwave’s acquisition of Cilys in January
2005.
Until May 2004, Mr. Barry served as director and CEO of Hyperchip Inc.
Prior to joining Hyperchip, Mr. Barry was President and CEO of Ericsson
Canada, responsible for all Ericsson activities in Canada, a business
which under his leadership grew its revenues from $300 million to $700
million. In addition, Mr. Barry was a board member for Ericsson North
America. Mr. Barry holds a Bachelor of Business Studies from the
University of Limerick, Limerick, Ireland.
“Diversinet has developed a very innovative solution to the need for
simple, cost-effective identity and access management solutions for the
consumer market by packaging authentication tokens and services
available on all mobile phone platforms,” says Barry. “By leveraging
open authentication techniques and mobile industry standards, the
company has opened up the market for more consumer-based two-factor
applications by allowing each and every mobile phone to become a mobile
token for mass-market strong authentication solutions.”
Mr. Barry joins Stanley Beck, Nagy Moustafa, Keith Powell, Mark Steinman
and Jay Wigdale on Diversinet’s Board of Directors.
As a leading mobile authentication service provider, Diversinet provides
its customers with cost effective, mobile-optimized strong
authentication products and services that reduce identity theft and
improve brand trust by leveraging more than 1.5 billion consumer and
enterprise mobile phones as strong authentication tokens. Diversinet
MobiSecure suite of mobile tokens and MobiSecure Authentication Service
Center (MASC) offerings are available on all intelligent mobile device
platforms including Microsoft, RIM, Symbian, Palm and Java-based phones.
# # #
About Diversinet (OTCBB: DVNTF)
Diversinet is a leading provider of mobile device security and
authentication solutions for the mobile data ecosystem. Diversinet
products and services allow users to protect their identity, data and
device for personal communications and commercial transactions. The
Diversinet MobiSecure suite of mobile tokens and MobiSecure
Authentication Service Center enable application providers, mobile
network operators and security service providers to rapidly develop,
deploy and manage secure mobile data services for the over 1.5 billion
mobile device users worldwide. MobiSecure is the industry’s first open
mobile security platform to support OATH-Compliant strong authentication
on mobile devices and networks. For more information about the
initiative for Open AuTHentication (OATH) visit
www.openauthentication.org. Connect with Diversinet Corp. at
www.diversinet.com.
The Private Securities
Litigation Reform Act of 1995 provides 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 and success of current
product offerings. 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.
Contact:
Michael J. O'Farrell
Chief Marketing Officer
Diversinet Corp.
416-756-2324 ext. 236
mofarrell@diversinet.com
Gary Hilson
Senior Account Consultant
Sacke & Associates Inc.
416-493-5723 ext. 203
garyh@sackepr.com
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