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

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To: Justin Franks who wrote (802)	8/25/1998 12:26:00 PM
From: Benoit Desrochers	Read Replies (1) of 1242

JACK BANKS FINALIZES SALE OF CONTROL POSITION IN DIVERSINET CORP. TORONTO, Aug. 25 /CNW/ - Mr. Jack Banks announced today that he has completed a private sale of his control block position in Diversinet Corp., (NASDAQ: DVNTF; CDN: DVNT); the proceeds of which were applied to repay personal debt. As a result of this transaction, Mr. Banks is no longer an insider of Diversinet Corp. Mr. Banks expressed his regret in having to sell his position in Diversinet ''Unfortunately my personal debt problems have forced me to sell this position at a time when Diversinet's market value does not yet reflect its true potential. The E-commerce and network security industries are poised for significant growth, with tremendous opportunities for niche technology companies such as Diversinet. We recently witnessed the successful initial public offering of Entrust Technologies Inc.'' Mr. Banks added ''Under the direction of its President, Nagy Moustafa, Diversinet is developing a niche presence, with an excellent management team and enviable board of directors, in the network security and E-commerce markets.''

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