"We are now focused on establishing our distribution network to capitalize on international opportunities in the rapidly emerging mobile sector," added Mr. Wahbe. "We believe we are the leading provider of secure application platforms for the mobile world and look forward to rolling out new products in the coming quarters."

Q3 2009 Financial Highlights

Revenues for the third quarter increased 9% to $1,949,000, from $1,784,000 in the same period a year ago. Revenues for the nine months ended September 30, 2009 were $5,904,000, up 119% from $2,690,000 in the same period in 2008. The Q3 2009 revenues include $1,625,000 from the license and revenue share agreement with AllOne Mobile Corporation ("AllOne") signed in Q3 2008.

Net income for the third quarter of 2009 increased 661% to $1,078,000 or $0.02 per basic and diluted share from $142,000 or $0.00 per basic and diluted share in the same year-ago quarter. Included in the 2009 third quarter net income were non-cash stock-based compensation, depreciation and amortization charges totalling $277,000, as compared to $339,461 in the same year-ago quarter. Also included was a foreign exchange gain of $732,000, as compared to $3,000 in the same year-ago quarter.

Net income for the nine months ended September 30, 2009 was $2,317,000, or $0.05 per share, compared to a net loss of $2,221,000 or $(0.05) per share in the similar nine months of 2008. Included in the nine month net income is non-cash stock-based compensation, depreciation and amortization of $803,000 ($871,000 in 2008). Also included in the nine month net income is a foreign exchange gain of $1,115,000 ($39,000 in 2008).

Cash and cash equivalents at September 30, 2009 were $12,061,000 as compared to $10,671,000 at the end of June 30, 2009.

    2009 Operational Highlights

    -   Diversinet continued its industry leading innovation in software
        based authentication by expanding its offering to include time-based
        OTP for its MobiSecure SoftToken. The technology is based on the TOTP
        Oath specification. Diversinet's MobiSecure SoftToken is available
        for mobile, PC, SMS and as a web browser plugin. It also supports a
        wide variety of mobile platforms like J2ME, Blackberry, Windows
        Mobile, iPhone and Android. MobiSecure SoftTokens are now available
        for both time-based or event based algorithms.

    -   Diversinet was awarded an additional US Patent # 7,555,460 entitled
        "Payment system and method using tokens". The patent provides a
        method for collecting payment over the internet by a third party for
        services using secure digital tokens issued by a third party. The new
        patent addresses several security and fraud issues related to the use
        of credit card payments over the internet. Diversinet's patent
        portfolio includes six patents in USA, two patents in Canada and four
        patents in Israel and 24 patents applications.

    -   As part of an equity investment in August 2007, Blue Cross of
        Northeastern Pennsylvania ("BCNEPA") has the right to designate one
        Board member. William Farrell, who joined BCNEPA as Senior Vice
        President, Finance & Enterprise CFO in August 2009 has been appointed
        to the Diversinet Board of Directors effective October 29, 2009. Mr.
        Farrell has extensive knowledge in the health care industry with
        prior experience at Sanofi Pasteur SA. William Reed is retiring from
        BCNEPA and therefore Diversinet also announced the departure of
        William Reed from the company's Board and thanks him for his
        contribution.

About 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. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective applications to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. 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 anticipated future revenues of the company and success of current product offerings and the term of the agreement with AllOne Mobile Corporation. Such forward-looking information involves important risks and uncertainties 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. 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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.



    Diversinet Corp.
    CONSOLIDATED BALANCE SHEETS
    (in United States dollars)

                                                  September 30   December 31
                                                          2009          2008
                                                             $             $
    -------------------------------------------------------------------------
                                                    (Unaudited)

    ASSETS
    Current assets
    Cash and cash equivalents                       12,060,548    12,075,422
    Accounts receivable, net (note 2(c))                93,044             -
    Prepaid expenses                                    32,295        57,346
    -------------------------------------------------------------------------
    Total current assets                            12,185,887    12,132,768
    -------------------------------------------------------------------------
    Property and equipment, net (note 4)               227,720       255,264
    -------------------------------------------------------------------------
    Total assets                                    12,413,607    12,388,032
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    LIABILITIES AND SHAREHOLDERS' EQUITY
    Current liabilities
    Accounts payable                                   138,327       168,078
    Accrued liabilities (note 5)                       137,573       511,961
    Deferred revenue                                    12,334     2,646,356
    -------------------------------------------------------------------------
    Total current liabilities                          288,234     3,326,395
    -------------------------------------------------------------------------

    Shareholders' equity
    Share capital (note 6)                          68,251,680    68,099,993
    Contributed surplus                              8,202,925     7,596,686
    Share purchase warrants (note 6)                     2,842        13,687
    Deficit                                        (62,811,353)  (65,128,008)
    Accumulated other comprehensive income:
      Cumulative translation adjustment             (1,520,721)   (1,520,721)
    -------------------------------------------------------------------------
    Total shareholders' equity                      12,125,373     9,061,637
    -------------------------------------------------------------------------
    Total liabilities and shareholders' equity      12,413,607    12,388,032
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



    Diversinet Corp.
    CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) AND DEFICIT AND
    COMPREHENSIVE NET INCOME (LOSS)
    (in United States dollars)
    (Unaudited)

                              Three months ended           Nine months ended
                                    September 30                September 30
                              2009          2008          2009          2008
                                 $             $             $             $
    -------------------------------------------------------------------------

    Revenues             1,948,705     1,784,136     5,903,663     2,690,440
    Cost of revenues        41,372       154,968       125,800       305,791
    -------------------------------------------------------------------------
    Gross margin         1,907,333     1,629,168     5,777,863     2,384,649

    Expenses
      Research and
       development         742,629       435,773     2,089,588     1,778,844
      Sales and
       marketing           324,314       491,866     1,083,031     1,388,167
      General and
       administrative      481,525       569,431     1,393,909     1,541,297
      Depreciation and
       amortization         18,860        27,216        55,491        79,256
    -------------------------------------------------------------------------
                         1,567,328     1,524,286     4,622,019     4,787,564
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Income (loss)
     before the
     undernoted            340,005       104,882     1,155,844    (2,402,915)
    Foreign exchange
     gain                  731,505         2,558     1,115,283        39,060
    Interest income          6,962        34,260        45,528       142,402
    -------------------------------------------------------------------------
    Net income (loss)
     for the period
     and comprehensive
     net income (loss)   1,078,472       141,700     2,316,655    (2,221,453)
    -------------------------------------------------------------------------

    Deficit, beginning
     of period         (63,889,825)  (65,541,828)  (65,128,008)  (63,178,675)
    Net income (loss)
     for the period      1,078,472       141,700     2,316,655    (2,221,453)
    -------------------------------------------------------------------------
    Deficit, end of
     period            (62,811,353)  (65,400,128)  (62,811,353)  (65,400,128)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Basic and diluted
     earnings (loss)
     per share                0.02          0.00          0.05         (0.05)
    Weighted average
     basic common
     shares
     outstanding        47,181,935    45,650,731    47,107,484    44,026,382
    Weighted average
     fully diluted
     common shares
     outstanding
     (note 7)           47,380,962    45,650,731    47,200,776    44,026,382

SOURCE Diversinet Corp.

AllOne Mobile(SM), a cell phone application developed by AllOne Health and secured by Diversinet Corp. to put personal health and insurance information at consumers' fingertips, will be distributed with MedFlash(TM), a product offered by Connectyx. MedFlash stores personal health and lifestyle information on a portable flash drive and in an online personal health record. The MedFlash Web site allows users to maintain and update their information and upload it to the flash drive. MedFlash can be worn as a bracelet or used as a key chain. By combining MedFlash with AllOne Mobile, customers' health information can be viewed, managed and shared with trusted health care partners using the owner's cell phone.

"This takes us from a three tiered platform that allows our members to access their PHR via our 24/7 800 number, flash drive or the Internet to a four tiered platform with the addition of the AllOne Mobile technology for our members," said Ronn Schuman, Connectyx president and CEO.

"Linking the personal health record storage capabilities of MedFlash with the mobile technology of AllOne Mobile makes it easier and more convenient for individuals to keep themselves and their loved ones healthy and safe," said Daniel Lewis, AllOne Mobile's senior vice president of mobile health information.

    <<
    Specifically, AllOne Mobile technology enables users to:

    -  Forward a child's allergy medication instructions to a school nurse
    -  Share an elderly parent's prescriptions with a first responder
    -  Access a spouse's medical history at the emergency room
    -  Send family health records to a new specialist before the visit
    -  Confirm insurance coverage for an emergency when traveling
    -  View past and current prescription and pharmacy information
    -  Send an image of their insurance card to their doctor
    -  Review their children's immunization records
    -  List people to contact in an emergency
    -  Receive alerts on upcoming health appointments or unfilled
       prescriptions
    -  Obtain personalized tips on managing chronic conditions
    -  Have all their vital, updated health information on hand - 24/7
    >>

This agreement marks the first time AllOne Mobile will be available for purchase in retail establishments including pharmacies and grocery stores such as Harris Teeter, Kroger and Walgreens. Plus, online retailers such as Drugstore.com also will sell the package.

AllOne Mobile is already available to consumers on Microsoft HealthVault, and directly from the AllOne Mobile consumer site (https://dtc.allonemobile.com). Microsoft HealthVault is an online personal health record that connects consumers to health applications, such as AllOne Mobile, and to devices that help manage chronic conditions, such as blood pressure, blood glucose, heart rate and weight monitors. AllOne Mobile is also sold to health plans, employers and other group purchasers who make the application available to their members and employees.

On its own, the MedFlash program is available in stores through relationships with Associated Pharmacies Incorporated - a buying cooperative for the more than 1,000 independent pharmacies spanning 40 states. Cardinal Healthcare and AmerisourceBergen distribute MedFlash to more than 2,200 locations nationwide. MedFlash is also offered through charitable organizations, travel organizations, physicians' practices, insurance companies and employers. To locate a MedFlash distributor, visit www.medflash.com.

"Knowing a patient's family background, treatment history, test results and medications is essential to managing personal health and avoiding medical errors," said Schuman. "Together, MedFlash and AllOne Mobile will allow consumers to better manage their health no matter where they are, what time it is or how many specialists care for them."

Other recent AllOne Mobile deals include an agreement with Significa Benefit Services to serve an additional 42,000 users. In addition, the U.S. Army is using AllOne Mobile's secure messaging technology to support the treatment of up to 10,000 service members with traumatic brain injuries.

About AllOne Health

AllOne Health encourages individuals to take responsibility for their health and provides tools and services to employers and health plans to help support them. Results may include better health, improved productivity and reduced health care costs. AllOne Health pursues an integrated and comprehensive approach to providing personal health management, secure mobile access to personal health information, extensive workplace services-including on-site health care, safety and compliance services-and health benefits. AllOne Health is headquartered in Wilkes-Barre, Pa., with affiliated company offices in: Alexandria, Va.; Atlanta; Boston; Columbus, Ohio; Houston; Lancaster, Pa.; Los Angeles; Philadelphia; Phoenix; and Seattle. AllOne Health has more than 1,000 customers throughout the U.S. and in 44 countries. For more information, visit www.allonehealth.com or call (877) 720-7770.

About Connectyx - MedFlash

Connectyx Technologies (OTCPK: CTYX) provides products to the electronic health care market, including its revolutionary Personal Health Record (PHR), MedFlash. MedFlash is an easy to use Personal Health Record, Lifestyle Record & Web Portal that is USB flash drive enabled, and Web accessible. MedFlash combines an emergency flash drive with a Web portal and 24/7 emergency call center access that can contain the owner's complete medical record, stored images, prescriptions, blood sugar levels, allergies and other information that is vital to first responders in a medical emergency. Stored MedFlash information can be accessed on any computer securely with complete privacy for members. For more information, visit www.connectyx.com and www.medflash.com.

About 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. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective applications to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. 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 anticipated future revenues of the company and success of current product offerings and the term of the agreement with AllOne Mobile Corporation. Such forward-looking information involves important risks and uncertainties 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. 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.

    <<
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    >>

SOURCE: Diversinet Corp.

Company Contact: Diversinet Corp., David Hackett, Chief Financial Officer, (416)
756-2324 ext. 275, dhackett@diversinet.com; Investor Relations U.S: Liolios Group,
Inc., Ron Both, Managing Director, (949) 574-3860 ext 1710, rboth@liolios.com;
Investor Relations Canada: The Equicom Group, Glen Williams or Jeff Codispodi, (416)
815-0700 ext. 272 or ext. 261, gwilliams@equicomgroup.com,
jcodispodi@equicomgroup.com; For AllOne Health: Meghan Brawley Woodlief, (919)
882-1973, mwoodlief@capstrat.com; For Connectyx: Ronn Schuman, (772) 600-2580,
ronn@connectyx.com

"Over the course of the past two years, we have significantly expanded the scope of our suite of products, secured strategic partnerships, and are well on our way in establishing an international distribution network," said Albert E. Wahbe, Chairman and Chief Executive Officer of Diversinet. "We believe that our efforts have made Diversinet a leading secure mobile platform for the rapidly evolving mobile world and we are now ready to initiate a formal investor relations program to introduce our story to North American investors."

The initial term of the Equicom agreement is one year, for which Diversinet has agreed to pay annual fees of Cdn$72,000. The Liolios agreement initial term is three months, for which Diversinet has agreed to pay fees of US$15,000 and, subject to TSX approval, 17,500 warrants to acquire Diversinet common shares at US$1.00 per common share. Neither Equicom or Liolios, nor the principals of either company has an ownership interest, directly or indirectly, in Diversinet or its securities.

About Diversinet Corp.

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. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective applications to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. at www.diversinet.com.

About The Equicom Group Inc.

Equicom, a wholly-owned subsidiary of TMX Group Inc., is Canada's leading provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com.

About Liolios Group Inc.

Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in small and micro-cap companies. The company aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Founded in 1996 in Newport Beach, California, Liolios Group partners each have more than 15 years experience in finance and investments, and have represented more than 120 companies in a wide range of industries. For more information about Liolios Group, go to www.liolios.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 anticipated future revenues of the company and success of current product offerings and the term of the agreement with AllOne Mobile Corporation. Such forward-looking information involves important risks and uncertainties 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. 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.

    <<
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    >>

SOURCE: Diversinet Corp.

Company Contact: Diversinet Corp., David Hackett, Chief Financial Officer, (416)
756-2324 ext. 275, dhackett@diversinet.com; Investor Relations U.S: Liolios Group,
Inc., Ron Both, Managing Director, (949) 574-3860 ext 1710, rboth@liolios.com;
Investor Relations Canada: The Equicom Group, Glen Williams or Jeff Codispodi, (416)
815-0700 ext. 272 or ext. 261, gwilliams@equicomgroup.com,
jcodispodi@equicomgroup.com

Each non-management Director is entitled to receive annual compensation of up to $50,000 payable by issuance of up to 75,000 common shares (for the period of June 25, 2009 to June 24, 2010), with up to $12,500 payable quarterly in arrears through the issuance of up to 18,750 shares. Disinterested shareholders approved the issuance at the June 25, 2009 AGM. Diversinet has resolved to satisfy the amounts owing to Directors for Q3 2009, being $39,750, through the issuance of 93,750 Common Shares at a deemed price of $0.424 per share.

The Shares for Debt Transaction is subject to approval of the Shares for Debt Transaction by the TSX Venture Exchange and compliance with applicable securities laws.

About 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. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective applications to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. 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 anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties 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. 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.

David Hackett, Chief Financial Officer, (416) 756-2324 ext. 275