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Gold/Mining/Energy : Diversinet ( DVNTF / DVNT ) aka

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To: Miles Rhyne Hoffman, CFA who wrote ()7/27/1999 6:16:00 PM
From: leigh aulper  Read Replies (2) of 1242
 
Diversinet Joins Wireless Data Forum To Help Foster Secure Wireless E-Commerce

TORONTO, CANADA--

Diversinet Works With Wireless Computing Organization To Promote Leading-Edge Services Such As Banking, Stock Trading

Diversinet Corp. (NASDAQ Small Cap: DVNT, CDN: DVNT), a leader in providing security solutions for wireless e-commerce, today announced it has joined the Wireless Data Forum (WDF), the leading international trade association for wireless data and mobile computing.

Diversinet intends to work with the WDF to foster the development of secure wireless transactions around the world. The software developer specializes in providing end-to-end security solutions for mobile communications, based upon its patented Public-Key Infrastructure technology.

Mark Desautels, managing director of the Wireless Data Forum, said, "We are delighted to have Diversinet join the Wireless Data Forum, bringing its innovative approach to providing security software for such applications as wireless banking and stock trading. The growth of wireless e-commerce services is dependent upon subscribers being assured that their transactions are secure."

Diversinet's line of Passport security software products are optimized for the special requirements of wireless communications, such as battery life, memory, microprocessor speed and bandwidth. Passport software includes such features as authenticating the identity of buyers and sellers, ensuring that buyers and sellers are allowed to perform specific transactions and encrypting the entire transaction.

Nagy Moustafa, president and CEO of Diversinet, said, "The Wireless Data Forum represents many of the top companies and executives in the wireless data industry, and we are looking forward to actively participating at WDF activities around the country. Diversinet intends to work with the WDF to help facilitate a dynamic worldwide wireless e-commerce marketplace."
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