Diversinet Announces Update to Sale of its Business and Proposed Liquidation

Diversinet Announces Update to Sale of its Business and Proposed Liquidation 
TORONTO, Sept. 13, 2013 /CNW/ - Diversinet Corp. (OTCQB: DVNTF), announced 
today that it has completed the sale of its business pursuant to an asset 
purchase agreement ("Agreement") with certain subsidiaries of IMS Health 
Incorporated ("IMS Health"). 
Under the Agreement, IMS Health has purchased substantially all of the 
intellectual property, software, customer contracts and certain other assets 
of Diversinet for $3,500,000. An amount equal to one-half of the sale 
proceeds has been deposited with an independent escrow agent to be available 
to satisfy indemnity claims by IMS Health, if any, made prior to the proposed 
winding-up described below. Certain employees of Diversinet have accepted 
employment by IMS Health. On September 11, 2013, at the annual and special 
meeting of shareholders ("AGM"), Diversinet shareholders approved the sale 
Furthermore, at the AGM, Diversinet shareholders approved a Plan of 
Liquidation and Distribution to take all necessary steps to effect the 
voluntary winding up of the Company pursuant to the Business Corporations Act 
(Ontario). This involves the appointment of a liquidator, Duff & Phelps 
Canada Restructuring Inc, effective on or about September 16, 2013 to 
discontinue the business of the Company and to satisfy all claims and 
obligations and to distribute to shareholders, on a pro rata basis, the 
remaining funds and assets of the Company. To the extent permitted by the 
OTCQB, the liquidator intends to have the common shares cease trading 
approximately 30 days after appointment. 
A one time distribution to shareholders is not expected before early 2014. 
While there is no guarantee as to the amount of the shareholder distribution, 
Diversinet currently expects to distribute a per share amount in the range of 
$0.05 to $0.065 based on recent estimates of anticipated claims and 
obligations to be settled. 
About Diversinet
Diversinet Corp. (OTCQB: DVNTF) provided healthcare organizations and partners 
with ultra-secure, patented mobile technologies and connected health 
solutions. The company's core publishing platform supports rapid deployment of 
secure and HIPAA-compliant Web-to-mobile applications. Diversinet solutions 
lead with an innovative, virtual health wallet designed for patient-centric 
engagement to improve care coordination, health outcomes and resilience. Learn 
more about Diversinet at www.diversinet.com. 
The Private Securities Litigation Reform Act of 1995 and Canadian securities 
laws provide a "safe harbour" for forward-looking statements. Certain 
information included in this press release (as well as information included in 
oral statements or other written statements made or to be made by the company) 
contains statements that are forward-looking, such as statements relating to 
the closing of the proposed transaction, costs of the proposed transaction, 
the voluntary winding up of the Company and the anticipated distribution of 
proceeds to shareholders. Such forward-looking information involves important 
risks and uncertainties, including the uncertainty of receipt of the required 
regulatory approvals, that could significantly affect anticipated results in 
the future and, accordingly, such results may differ materially from those 
expressed in any forward-looking statements made by or on behalf of the 
company. There can be no assurance that the voluntary winding up of the 
company will occur or that it will occur on the timetable described or on the 
terms and conditions contemplated in this news release or that the amount of 
the distribution to shareholders will be as anticipated. The amount of the 
proposed distribution to shareholders is based on an assumption that the 
amount of obligations of the Company will not exceed the amount currently 
estimated by the Company. For a description of additional risks and 
uncertainties, please refer to the company's filings with the Securities and 
Exchange Commission available at www.sec.gov and Canadian securities 
regulatory authorities available at www.sedar.com.

SOURCE  Diversinet Corp. 
Company Contact Diversinet Corp. David Hackett Chief Financial Officer 
416-756-2324 ext. 275 dhackett@diversinet.com 
To view this news release in HTML formatting, please use the following URL: 
CO: Diversinet Corp.
ST: Ontario
-0- Sep/13/2013 19:03 GMT
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