To: BillyG who wrote (34760 ) 7/29/1998 4:03:00 PM From: DiViT Respond to of 50808
ComStream Chooses Diversinet to Deliver Secure Digital Satellite PC Card 07/29/98 Business Wire (Copyright (c) 1998, Business Wire) SAN JOSE, Calif.--(BUSINESS WIRE)--July 29, 1998--Diversinet Corp. (NASDAQ:DVNTF)(CDN:DVNT) a leading provider of Digital Certificate management tools and developer of public-key infrastructure (PKI) technology, today announced that it has signed a letter agreement outlining the terms of a business relationship with ComStream, a global provider of products and technology for satellite communications markets. Diversinet will integrate its Digital Certificate technology with ComStream's DVB MediaCast(TM) Satellite PC Receiver cards to secure the user identification and authentication. ComStream's DVB-compliant MediaCast(TM) PC/server Receiver card brings a whole new world of full-motion video, CD-quality audio and high-speed data to PCs and LAN servers at symbol rates from 2-30 Msps. From this very large data stream, the MediaCast card supports many services simultaneously at speeds which are well in excess of conventional telephone modems. "As the use of the Internet in satellite communications becomes more prevalent, the need to authenticate authorized system users will become increasingly important," said Robert B.Clasen, President and CEO of ComStream. "We're pleased that Diversinet's Digital Certificate technology will enable us to offer our MediaCast(TM) customers yet another security solution." "By integrating Diversinet's technology into Comstream's PC Receiver cards we are creating excellent opportunities for Diversinet in a rapidly expanding broadband wireless communications market," said Nagy Moustafa, President & CEO of Diversinet. "Diversinet will continue to pursue the opportunities in the satellite and related smart card market," adds Moustafa. About ComStream Headquartered in San Diego, Calif., ComStream (www.comstream.com) is an international provider of digital transmission solutions for data, audio, and video applications for the satellite industry. Products include satellite modems and earth stations, broadcast systems, the MediaCast(TM) Satellite PC/server Receiver card, and digital set - top boxes. Founded in 1984, ComStream was acquired by Spar Aerospace Limited in 1992, and is a wholly owned subsidiary. Spar is a publicly owned company based in Toronto, Canada. (www.spar.ca) About Diversinet Diversinet Corp.(www.dvnet.com) is a leading provider of Digital Certificate management tools and a developer of public-key infrastructure (PKI) technology required for corporate networks, Intranets and the Internet for electronic commerce. Diversinet's proprietary PKI technology offers customers ease of use, efficient operation and flexible implementation for many diverse security authentication applications. This press release may contain forward-looking statements relating to Diversinet. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected software errors and bugs, competitive pressures, technical difficulties, market acceptance, changes in customer requirements and general economic conditions. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders. CONTACT: Diversinet Corp. Nagy Moustafa, 416/756-2324 ext. 310 nmoustaf@dvnet.com or ComStream Gwen Carlson, 619/657-5780 Gcarlson@comstream.com or The Investor Relations Group Steve Hanson, 800/444-9214 shanson@invrel.com 08:44 EDT JULY 29, 1998