Business
Diversinet Signs a Five Year, $40 Million License and Revenue Sharing Agreement with AllOne Mobile Corporation
Two Companies Expand Successful Partnership in Mobile Health Information Market TORONTO, Sept. 10...
About this update from Diversified Royalty Corp.
[{"type":"text","content":"\n\n\n\nTwo Companies Expand Successful Partnership in Mobile Health Information\nMarket\n\n\nTORONTO, Sept. 10 /CNW/ - Diversinet Corp. (TSX Venture: DIV, OTCBB:\nDVNTF), a leading provider of secure application platforms for the mobile\nworld, today announced it has signed an exclusive worldwide license and\nrevenue share agreement with AllOne Mobile Corporation ("AllOne"), a\nsubsidiary of Hospital Service Association of Northeastern Pennsylvania to\ncross license certain software and to share revenues from the secure mobile\naccess to personal health records and information. All dollar amounts are in\nU.S. dollars.\n\n\nDuring the five year agreement, Diversinet will receive up to\n$39.5 million as a minimum commitment from AllOne. In addition, Diversinet\nalso completed a $500,000 statement of work for AllOne, bringing the combined\ntotal to $40 million. Diversinet and AllOne will continue their efforts with\nhealth plans and other customers in the mobile personal health record and\ninformation market. Under the agreement, the parties have certain termination\nrights. This agreement replaces the agreement with AllOne Health Group, Inc.\nsigned in August 2007.\n\n\n"This agreement demonstrates AllOne's commitment to the mobile health\ninformation market," said Albert Wahbe, CEO and Chairman of Diversinet. "By\nextending the term of the agreement and the minimum annual commitments, this\nexclusive worldwide partnership provides a solid base to aggressively pursue\nour business development and global sales strategy which will generate new\nrevenues to significantly enhance shareholders value."\n\n\n"We are delighted with our expanding partnership with Diversinet. We\nbelieve there is great potential for having personal health information at the\nconsumers' fingertips," said William Reed, President and CEO of AllOne.\n"Secure portability of personal health records at the time of care, the\nconvenience and peace of mind in being able to receive fast and secure\ncoverage confirmation - all accessed securely through a mobile device - makes\nthis solution an innovative product that will enable consumers to take control\nof their health information in a cost-effective manner."\n\n\nAbout Diversinet\n\n\nDiversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) is a leading provider\nof secur...