Business
Diversinet Announces Corporate Update
TORONTO, May 15, 2013 /CNW/ - Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF), a leader i...
About this update from Diversified Royalty Corp.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 15, 2013 /CNW/ - Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF), a leader in secure mobile health that\n \"Powers Care Coordination through Mobility,\" announced today that in an\n effort to continue to reduce operating costs and liabilities, it's CEO,\n Dr. Hon Pak has agreed to transition from an employee to a consultant\n at a reduced rate.  He will continue to serve as the company's CEO on a\n contract basis.\n\n\nDuring Q4 2012 and April 2013, Diversinet undertook a cost reduction\n plans that saw costs reduced by $1.25 million on an annual basis. With\n the move of Dr. Pak from an employee to consultant, Diversinet has\n eliminated the employee severance obligation, valued at $180,000 and\n reduced ongoing operating costs.  Diversinet is considering further\n cost reduction measures as well as strategic alternatives.\n\n\nAbout Diversinet\nDiversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) provides healthcare\n organizations and partners with ultra-secure, patented mobile\n technologies and connected health solutions. The company's core\n publishing platform supports rapid deployment of secure and\n HIPAA-compliant Web-to-mobile applications. Diversinet solutions lead\n with an innovative, virtual health wallet designed for patient-centric\n engagement to improve care coordination, health outcomes and\n resilience. Learn more about Diversinet at www.diversinet.com.\n\n\nThe Private Securities Litigation Reform Act of 1995 and Canadian\n securities laws provide a \"safe harbour\" for forward-looking\n statements. Certain information included in this press release (as well\n as information included in oral statements or other written statements\n made or to be made by the company) contains statements that are\n forward-looking, such as statements relating to the success of current\n product offerings. Such forward-looking information involves important\n risks and uncertainties, including the uncertainty of the company to\n continue as a going concern, that could significantly affect\n anticipated results in the future and, accordingly, such results may\n differ materially from those expressed in any forward-looking\n statements made by or on behalf of the company. For a description of\n additional risks and uncertainties, please refer to the company's\n filings with the Securities and Ex...