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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: DVNTF; CDN: DVNT), 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 Association (NACHA), and the Financial Services Technology Consortium (FSTC).

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. Edgar is a Certified Cash Manager, and an accredited 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 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. ( 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
 The Investor Relations Group
 Steve Hanson, 800/444-9214

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 14, 1998
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