TORONTO,
May 15, 2013 /CNW/ - Diversinet Corp.
(TSX Venture: DIV, OTCQB: DVNTF), a leader in secure mobile health
that "Powers Care Coordination through Mobility," announced today
that in an effort to continue to reduce operating costs and
liabilities, it's CEO, Dr. Hon Pak
has agreed to transition from an employee to a consultant at a
reduced rate. He will continue to serve as the company's CEO
on a contract basis.
During Q4 2012 and April
2013, Diversinet undertook a cost reduction plans that saw
costs reduced by $1.25 million on an
annual basis. With the move of Dr. Pak from an employee to
consultant, Diversinet has eliminated the employee severance
obligation, valued at $180,000 and
reduced ongoing operating costs. Diversinet is considering
further cost reduction measures as well as strategic
alternatives.
About Diversinet
Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) provides
healthcare organizations and partners with ultra-secure, patented
mobile technologies and connected health solutions. The company's
core publishing platform supports rapid deployment of secure and
HIPAA-compliant Web-to-mobile applications. Diversinet solutions
lead with an innovative, virtual health wallet designed for
patient-centric engagement to improve care coordination, health
outcomes and resilience. 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, including the uncertainty of the company to continue
as a going concern, 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.