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TORONTO, Canada and
HONG KONG, August 9, 2004 -- Diversinet Corp.
(OTCBB: DVNTF), a leading provider of secured mobile
solutions, and CPCNet, a CITIC Pacific company (SEHK:
267), today announced that they have formed a strategic
alliance to offer the full suite of Passport Trust Platform™
security products and solutions to government agencies,
state-run lottery programs, suppliers of interactive
online games, and other potential end customers throughout
the Greater China market. The new joint sales and marketing
agreement allows CPCNet to distribute Diversinet Passport
Trust Platform products while providing Diversinet with
potential revenue streams through license deals, subscription
pricing, and/or transaction services beginning in early
2005.
Prompted by the explosive growth of the mobile phone
market in China, CPCNet will distribute Diversinet Passport
Trust Platform products in The Peoples Republic of China,
Hong Kong, Taiwan and Macao. Through this joint sales
and marketing agreement CPCNet will provide first-line
support, and the two companies will work together to
develop vertical solutions, leveraging their respective
strengths in response to the demands of the market.
"This alliance builds upon the successful working
relationship our two companies have developed and targets
the growing opportunities we see in Greater China for
secure mobile solutions," said Stephen Ho, CEO
of CPCNet. "We selected Diversinet because we believe
they have the most advanced wireless security capabilities
on the market today and blends our two companies strengths
to capitalize on the many opportunities available in
our region to offer wireless data security solutions.
"Our strategic partnership with CPCNet gives us
a world class distribution channel across the entire
Greater China market, providing rapid and effective
entry into key customer relationships in this large
and rapidly growing market, said Nagy Moustafa, president
and CEO of Diversinet. "Today's announcement builds
upon our recent successes in Hong Kong and the Guangdong
province and is another example of our commitment to
build Diversinet into a global leader in secure mobile
data infrastructure."
Passport Trust Platform is a standards-based security
solution for wired platforms and wireless devices, such
as personal computers, smart cards, PDAs, and mobile
phones, many of which have limited security capabilities.
Passport Certificate Authority allows the deployment
of secure applications such as e-mail, messaging, secure
ID and information delivery to any mobile device including
Palm, Windows Mobile Pocket PC, Symbian and Blackberry
wireless handhelds. The software complies with the Chinese
digital certificate standard, which enables it to be
the first foreign product in China that can deliver
a viable, secure mobile business solution.
About CPCNet Hong Kong Limited
CPCNet Hong Kong Limited, a wholly owned subsidiary
of CITIC Pacific (SEHK:267), is a new generation carrier
headquartered in Hong Kong, connecting the world to
over forty other cities in China. The carrier of choice
for corporate customers in the Asian region and around
the world requiring seamless connection to China, CPCNet
is set apart for its breadth of knowledge of and connections
in the Mainland market.
By owning and managing the transparent fully meshed
backbone network, CPCNet is able to independently offer
TrueCONNECT™, the advanced MPLS-based IP
VPN service, and a whole range of communications
products and services including GlobalCONNECT, global
data services, AlwaysCONNECT, high availability mission
critical connection solutions and the Secure-In-One
multiple function managed security service, along with
an array of other IP-related applications and services.
For more information about CPCNet, please visit www.CPCNet.com.
About CITIC Pacific Limited
CITIC Pacific Limited focuses on infrastructure development
(power generation, civil facilities, aviation and telecommunications)
in Hong Kong and Mainland China. The Company is also
involved in motor and consumer products marketing and
distribution through its wholly owned subsidiaries Dah
Chong Hong and Sims Trading. The Company also develops,
owns and manages properties in Hong Kong and Shanghai.
The Company's philosophy is strong business and geographic
focus, active management, creating shareholder value
and excellent corporate governance.
About Diversinet Corp.
Diversinet is a leading provider of wireless data security
management products and services to application, device
and service providers. The company's flagship product,
the standards-based Passport Trust Platform™,
provides strong end-to-end security for wireless applications
and other infrastructure services, enabling Diversinet
customers and partners to achieve trust across the mobile
data ecosystem, as well as higher productivity and new
revenue channels. Passport ensures the security and
integrity of wireless data transactions such as mobile
payments, messaging, data access, gaming and wagering,
high-value content download, enterprise mobile work
force and other applications. The Passport Trust Platform
enables application developers, wireless carriers, service
providers and manufacturers of mobile devices, operating
systems, SIM/OTA platforms and DRM platforms to implement
secure wireless data services more quickly and at significantly
lower cost.
Diversinet's customers and partners include Visa, Fleet
Credit Card Services, First National Bank, Hongkong
Post, and Research in Motion (RIM). Diversinet is headquartered
in Toronto, Canada, with offices in Boston, Massachusetts,
Fremont, California and Hong Kong, SAR. For more information,
visit www.diversinet.com.
Media Contact:
Priscilla Wat
Phone: 852-2170-7536
Email: mediaenquiry@CPCNet.com
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