Former U.S. Department of Treasury Executive Named Diversinet's Director of Business Development for Banking and Government.TORONTO--(BUSINESS WIRE)--July 14, 1998--Diversinet Corp. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DVNTF; CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. : DVNT DVNT Deviant (record label) ), a leading provider of Digital Certificate management tools and developer of public-key infrastructure (PKI) technology, is pleased to announce the appointment of Janelle W. Edgar as Director of Business Development -- Banking and Government. Edgar, a former Senior Financial Program Analyst for the U.S. Department of Treasury, brings to Diversinet over 20 years of experience in banking management, banking policy issues, and analysis of emerging payment system technologies. At the U.S. Department of Treasury, Edgar led numerous initiatives to improve the federal payment and collection processes. Edgar was responsible for reviewing pending legislative initiatives and analyzing their impact on Federal Finance programs, and has represented the U.S. Treasury to the Banking Industry Technology Secretariate (BITS), the National Automated Clearing House See ACH. Association (NACHA NACHA National Automated Clearing House Association NACHA National Agency Clearing House Association ), and the Financial Services Technology Consortium (FSTC FSTC Financial Services Technology Consortium (Electronic Financial Services) FSTC Food Service Technology Center FSTC Foreign Science & Technology Center (Army) FSTC Federal Software Testing Center ). Edgar's previous work includes Vice President of Maryland National Financial Corp. as well as the Vice President of Operations at the Continental Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . Edgar is a Certified Cash Manager, and an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. ACH Professional by the National Automated Clearing House Association. She has been the recipient of numerous outstanding rating and merit awards. "I am delighted to bring Ms. Edgar to our team. Janelle has a tremendous amount of experience and contacts that will be of great benefit to the company. Her understanding of government and banking issues and policies, will assist Diversinet in the shaping of its market strategy for these sectors," said Nagy Moustafa, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Diversinet Corp. "Diversinet's digital certificate technology is uniquely elegant and simple compared to that of the competition," said Janelle W. Edgar. "Clearly, Diversinet's solution addresses the complex requirements of corporate and institutional networks. I look forward to joining Diversinet's team and to leading the marketing initiative for major banking institutions and government agencies seeking security solutions," added Edgar. 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, x310
nmoustaf@dvnet.com
or
The Investor Relations Group
Steve Hanson, 800/444-9214
shanson@invrel.com
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