(Dallas, TX. – September 29, 2011) StockGuru Shines its Spotlight on Diversinet Corp. (TSX-V: DIV; OTCBB: DVNTF), a leader in “Connected and Protected” mobile healthcare communications. The Company closed on September 28, 2011, at $0.35, trading in a fifty-two week range of $0.68 – 0.24.
The Company announced yesterday that it has appointed to its executive advisory board two experts in healthcare technology issues and applications related to the United States Department of Defense (DoD):
- Dr. Hon Pak, previous President of the American Telemedicine Association and recently retired Chief Information Officer of the U.S. Army Medical Department, Office of the Surgeon General
- Frederick J. Hannett, a Washington-based consultant and healthcare IT thought leader with longstanding ties to the DoD, as well as founder and Managing Principal of The Capitol Alliance
“Dr. Pak and Fred Hannett greatly strengthen our executive advisory board,” said Diversinet Chairman and CEO Albert Wahbe. “Their outstanding accomplishments and extensive leadership experience in large-scale healthcare delivery systems bring us well-informed guidance and insight as we build upon our success with the U.S. Army’s mCare program.”
mCare is a telehealth outreach program established for members of the military recovering from mild traumatic brain injuries and other wounds. The program leverages a HIPAA-compliant mobile phone application based on Diversinet’s MobiSecure® technology, which enables daily two-way secure communication between patients and Army healthcare professionals.
Following an extensive pilot program, the Army engaged Diversinet under a five-year contract to support mCare’s expansion. A mobile platform will be critical to enable patient-centered care in the military healthcare system, especially as the Army implements a patient-centered medical home model throughout the enterprise.
“Now that we’ve demonstrated the value of MobiSecure for the U.S. military,” Wahbe said, “we will be seeking guidance from our new advisers to strategically expand our presence and market share in both the federal and commercial spaces.”
Dr. Pak served as President of the American Telemedicine Association, leading the effort on global health and standards development for telehealth. Previously, he headed the Advanced Information Technology Group within the Telemedicine and Advanced Technology Research Center, which served as the DoD’s health IT research and development arm.
He is recognized for developing a comprehensive informatics infrastructure and a health IT strategy around patient-centered care. Dr. Pak shaped a federal investment in electronic health record exchanges and health information technology for active military, veteran and civilian populations.
Hannett has an extensive understanding and knowledge base in the health delivery programs of the DoD, Veterans Affairs and other governmental departments. He spent more than 12 years at the DoD, culminating with his appointment as Budget Director and Legislative Advisor to the Assistant Secretary of Defense for Health Affairs.
He is currently Vice Chair of the Public Policy Steering Committee of the Healthcare Information and Management Systems Society (HIMSS) and a board member of the Institute of Federal Health Care.
Members of the executive advisory board provide strategic direction to Diversinet and help refine the company’s vision, while also helping to identify opportunities for its MobiSecure product line in government, pharmaceutical and other healthcare organizations.
Alan Portela, the advisory board’s chairman, is an mHealth strategist and innovator. He is currently CEO of AirStrip Technologies and a member of Diversinet’s board of directors. The advisory board’s fourth member is Mark Trigsted, Diversinet’s Executive Vice President for Healthcare.
Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) provides patented and proven secure products that enable healthcare organizations to rapidly deploy HIPAA-compliant mobile healthcare (mHealth) applications to anyone, anytime, anywhere, on mobile devices. Diversinet’s MobiSecure® application addresses the increasing need for secure messaging, as well as safe, convenient, on-the-go storage and sharing of personal health data. Learn more about how Diversinet is delivering “Healthcare. Connected and Protected” at www.diversinet.com.
The Private Securities Litigation Reform Act of 1995 and Canadian securities laws provide a “safe harbour” 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 the 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 available at www.sec.gov and Canadian securities regulatory authorities available at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
MobiSecure is a registered trademark of Diversinet Corp.
SOURCE Diversinet Corp.
To view this StockGuru Spotlight, please visit: http://www.stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at email@example.com. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: firstname.lastname@example.org.
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031