Diversinet Corp (fka DVNTF)

[skeptic0]

Lots of new Deals just announced

09/04/2007 (08:47 ET) DVNTF: Signs Agreement with AHG Health Group - Knobias
http://www.knobias.com/story.htm?eid=3.1.2c7ca96f6f2b367523be842dd6fe16c22b85c71a0caedfab2e1f2909778....
Tuesday , September 04, 2007 08:47ET

By Jay Everitt, [e-mail]

Diversinet Corp. (DVNTF) announced it has successfully signed a License and Revenue Share Agreement with AHG Health Group, Inc. ("AHG"), a wholly owned 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 information.

Under the three year agreement, Diversinet will receive U.S.$2 million annually as a minimum commitment from AHG. Diversinet and AHG will be initially focusing on Blue Cross Blue Shields Association member plans and other customers in the mobile personal health record market in the United States.





09/04/2007 (08:46 ET) Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania - Canada NewsWire
http://www.knobias.com/story.htm?eid=3.1.6414c03607054a86a97ba7ba7b78175924d75387f554f135413968357f1...
Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania

Tuesday , September 04, 2007 08:46ET

TORONTO, Sep. 4, 2007 (Canada NewsWire via COMTEX) -- Diversinet Corp. (OTCBB: DVNTF), a leading provider of wireless data application and security infrastructure products and services, today announced it has successfully closed U.S.$5.0 million in new funding through a private placement with Hospital Service Association of Northeastern Pennsylvania, d/b/a Blue Cross of Northeastern Pennsylvania ("BCNEPA").

Funding will be provided through the sale and issue of 6,756,757 shares by way of private placement at U.S.$0.74 per share for gross proceeds of U.S.$5,000,000. Under the funding agreement, William C. Reed, executive vice president for BCNEPA will join the Diversinet Board. The company will use this funding for working capital purposes and general operations.

"We welcome Bill to the Board and his experience gained in the health care industry will be invaluable as Diversinet moves forward," said Albert Wahbe, CEO and Chairman of Diversinet.

Prior to joining BCNEPA, Mr. Reed held numerous management positions in healthcare provider organizations including Gentiva Health Services, Quantum Health Resources, and Geisinger Health System. Mr. Reed received his Bachelor of Science in business administration from Drexel University and his Master of Science in computer science from Rutgers University.

After completion of the private placement, there are 41,742,075 shares issued and outstanding, and 54,121,972 shares on a fully diluted basis. The common shares cannot be re-sold in the public markets until a registration statement has been filed and declared effective by the U.S. Securities and Exchange Commission. This press release does not represent an offer to buy or to sell any securities. No investment banker commissions were paid in connection with this transaction.





09/04/2007 (08:46 ET) Diversinet Signs a 3 year License & Revenue Share Agreement with AllOne Health Group, Inc. - Canada NewsWire



09/04/2007 (08:45 ET) Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania - PR Newswire



09/04/2007 (08:45 ET) Diversinet Signs a 3 year License & Revenue Share Agreement with AllOne Health Group, Inc. - PR Newswire