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Additional Information
Market: TSX-V
Sector: Mobile Communications
Epic: TSX-V:DIV
News: Latest news
Web Site: Diversinet
Other Articles: 
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Diversinet

Diversinet

Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) is a leading provider of secure application platforms for the mobile world utilizing wireless authentication and access solutions that secure the personal identity, transactions and data of consumers over almost any mobile phone or handheld device.
Friday, May 01, 2009

Diversinet first quarter sales soar due to new business from AllOne deal

company news image

Mobile authentication and security specialist Diversinet Corp (TSX-V: DIV) reported revenues of US$2.01 million in the first quarter, compared with US$341,595 a year earlier, as the quarter saw the introduction of additional customers through its relationship with AllOne Health.

The first quarter figure includes US$1.625 mln from the US$40 million five-year worldwide license and revenue share agreement with AllOne Mobile Corp in the third quarter of 2008.

Diversinet swung to a net profit of US$182,000, compared with a loss of US$1.16 million a year earlier.
Cash and cash equivalents at March 31 2009 were US$10.72 million and US$12 at December 31 2008.

Chief executive and chairman Albert Wahbe said: "We believe that we can make additional progress in the health care industry even in these challenging economic times. We are pleased to report our third consecutive profitable quarter.”

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