Visionary Healthcare IT Executive Discusses Company's
Mobile Solution for Care Coordination
TORONTO, Feb. 14, 2012 /PRNewswire/ - Diversinet Corp.
(TSXV: DIV) (OTCBB: DVNTF), a leader in secure mobile health,
announced today that its Board of Directors has formally appointed
Dr. Hon Pak as the company's Chief
Executive Officer.
Dr. Pak, who had been serving as the interim CEO since
December 2011, was also appointed to
the company's Board of Directors. Prior to his role as interim CEO,
he was a member of Diversinet's executive advisory board since
September 2011.
"Having Dr. Pak join Diversinet as the full time CEO is a game
changer for the company," said Alan
Portela, a Diversinet director and CEO of Airstrip
Technologies. "Hon's credibility, experience and leadership in
steering the IT transformation of the U.S. Army Medical Department
along with his new focused vision will make Diversinet a more
significant player in mobile health."
After a distinguished 28 year career with the U.S.
Army, Pak, now 48, brings to Diversinet accomplishments including
appointments as the first physician Chief Information Officer of
the U.S. Army Medical Department as well as the Army's first Chief
Medical Information Officer. In addition he has held prestigious
positions outside the Army such as president and board member of
the American Telemedicine Association. He is a distinguished
graduate of the United States Military
Academy, and he holds a medical degree from the Uniformed Services University of Health
Sciences. He is also a fellow of the American Board of
Dermatology.
Pak commented, "Healthcare is becoming unsustainable, and
changes are now in place that will impact the landscape of how
healthcare will be delivered." Pak cited shifting market forces,
such as the rising costs of healthcare that are prompting the
overall industry to re-evaluate its current models. New models,
such as the patient-centered medical home and accountable care,
represent new ways to bring about a more patient-centered and
systems-based approach that improves the value of healthcare with a
focus on wellness and prevention. Pak believes that fundamental to
this shift is a focus on patient engagement and care coordination.
He stated, "Providers can no longer provide episodic care, but they
are now responsible for leading a team responsible for coordinating
and managing all of a patient's care."
Pak accepted the permanent CEO role with Diversinet because of
its proven core secure mobile platform and his conviction that
mobile devices will be critical to healthcare. "In the past 60 days
as interim CEO, I have had the time to validate our technology and
assess the market potential for Diversinet," said Pak. "Our
technology is much more than mobile security. The core technology
has the components to support and enable care coordination through
mobility, and we are now developing a marketing and technology
strategy to become a dominant player to mobilize care
coordination."
Diversinet intends to launch a new strategic direction
leveraging its patented, award-winning MobiSecure®
technology. Components include a Care Coordination Engine,
providing configure once-deploy many capability for clients that
need a HIPAA-compliant tracking/case management tool to empower
consumers/patients and providers/staff. Diversinet also has a
MobiSecure Security SDK for clients (with existing mobile
applications or platforms) that need to manage PHI and
security.
Pak simply believes that Diversinet "Powers Care
Coordination Through Mobility."
Under the terms of the employment agreement, Dr. Pak has been
issued stock options to purchase up to 1,400,000 common shares of
Diversinet Corp. exercisable at U.S.$0.30 per common share for a five-year term. The
exercise of these options is subject to approval of an increase in
the number of shares reserved under the stock option plan by
shareholders at the next meeting of shareholders. Assuming such
approval, there would be 8,984,362 common shares reserved for
issuance in respect of available stock options under the plan.
About Diversinet
Diversinet Corp. (TSXV: DIV) (OTCBB: DVNTF) provides patented and
proven secure products that enable healthcare organizations to
rapidly deploy HIPAA-compliant mobile healthcare (mHealth)
applications to power care coordination. Learn more about
Diversinet 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.