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SmartServ Online Incorporates Diversinet Technology to Provide End-to-End Security for Web and Wireless E-commerce Solutions Advanced security layer featuresing public key encryption for encoding data and digital signature for user authentication far exceeds encryption-only products. Stamford, Conn. - December 8, 1999 - SmartServ Online, Inc. (OTC: SSOL), a leading provider of Web and wireless e-commerce transaction-enabling solutions, announced today that it has entered into a licensing agreement with Diversinet Corp. (Nasdaq Small Cap: DVNT; CDN; DVNT). Under the terms of the agreement, SmartServ Online will incorporate Diversinet's Passport Certificate Server into its powerful information and e-commerce platform to provide end-to-end security and digital signature capabilities. {Sam's quote} "We were looking for a seamless solution for Web and wireless e-commerce," said Sam Cassetta, chairman and CEO of SmartServ Online.. " By incorporating Diversinet's technology on our platform and in our end-user applications, SmartServ ensures end-to-end security transmission all the way from the client, through the gateway, to our server and back to the client. This added layer of security confirms SmartServ's leadership position in conducting secure wireless e-commerce transactions." "SmartServ represents a great channel for our product and by incorporating Diversinet's technology into their products they enable end-users to securely use mission critical applications such as wireless stock trading," said Nagy Moustafa, president and CEO of Diversinet. Smart Serv will use Diversinet's solutions in conjunction with its' WAP�-compliant trade order entry solution for banks, brokers and online retailers. Diversinet's patented security solutions extend across multiple devices, networks and operating systems. Consistent with SmartServ's demands, the latest version of Diversinet's Passport Certificate Server (Version 3.0) provides certificates for secure WAP applications, such as wireless banking, stock trading, auction and shopping. SmartServ recently demonstrated its wireless stock trading application as a partner company of Nokia at Fall COMDEX. {Continued Sam} "We view stock trading as the first vertical application that will extend from the Web to mobile Internet-ready devices," continued Sam Cassetta.. " With this new security layer, we have completed the challenge of securely routing a wireless stock trade."" SmartServ's world-class team of engineers and developers are responsible for designing unique user interfaces which make it simple for end-users of a variety of devices to interact with SmartServ's intelligent backend. With a multi-tiered platform, SmartServ supports Web, PC software, WAP and Windows CE devices over a wide array of wireline and wireless networks, including GSM - 900, GSM - 1800, GSM - 1900, CDMA IS - 95, TDMA IS - 136 and 3-G Systems. About Diversinet's Passport Certificate Server The Diversinet Passport Certificate Server Version 3.0 issues WAP� WTLS 1.1 (Wireless Transport Layer Security) standard certificates, which establishes a basis for secure communications. WTLS is a wireless version of TLS, a wireline standard for secure communications that upgrades the SSL (Secure Socket Layer) standard. The digital signature provides the only means for non-repudiation - the inability of a person to deny having been associated with a particular message or transaction. This feature protects both the user and SmartServ's clients, including broker dealers and online retailers. SmartServ chose Diversinet's WAP-compatible Passport Certificate Server Version 3.0 because it does not require additional software on wireless devices incorporating the WAP platform. The product will automatically provide a secure connection to applications without requiring any effort by subscribers. As a result, SmartServ's applications remain compatible with any WAP microbrowser and/or gateway. Analysts predict that as many as one1 billion wireless phones - more than wired phones - will be in use by 2003, and perhaps half of the phones will be able to access data services. In Europe alone, the wireless e-commerce market is forecast to generate $25 billion (U.S.), according to a report by Durlacher Research, released in November. The Mobile Commerce report says 21 percent of the revenues will be generated by mobile financial services and 15 percent will be generated by personal shopping.SmartServ chose Diversinet's WAP-compatible Passport Certificate Server Version 3.0 because it does not require additional software on wireless devices incorporating the WAP platform. The product automatically will provide a secure connection to applications without requiring any effort by subscribers. As a result, SmartServ's applications remain compatible with any WAP microbrowser and gateway. SmartServ's world-class team of engineers and developers are responsible for designing unique user interfaces which make it simple for end-users of a variety of devices to interact with SmartServ's intelligent backend. With a multi-tiered platform, SmartServ supports Web, PC software, WAP and Windows CE devices over a wide array of wireline and wireless networks, including GSM - 900, GSM - 1800, GSM - 1900, CDMA IS - 95, TDMA IS - 136, and 3-G Systems. About Diversinet Diversinet Corp. is a leading developer of security products based on public-key technology for wireless e-commerce applications, such as banking, stock trading, financial analysis and healthcare databases. Diversinet's innovative Passport� software, including authentication, digital certificates, digital signatures and digital permits, is especially designed for resource-constrained products, such as pagers, wireless phones and smart cards. Diversinet is a WAP Forum member. For more information, visit the Web site at http://www.dvnet.com. About SmartServ Online SmartServ Online, Inc. offers a wide range of Web and wireless information and transactional-enabling applications, including Web-based and WAP-enabled stock trade order routing and e-commerce solutions. These applications are designed to deliver value-added services to strategic marketing partners, including online retailers, telecommunications carriers, device manufacturers and value-added service providers. Recognizing the growth of devices capable of accessing Internet-based information, SmartServ's world-class development team designs applications for Web, WAP and Windows CE. These applications are portable to personal computers, Internet-ready wireless handsets, interactive pagers, and Windows CE devices. In addition to its application development, SmartServ offers transaction processing and provides customizable categories of real-time information, including: personal watch lists, real-time tick-by-tick quotes, charting, company and financial news, filtered electronic mail, national and local news, sports scores and odds, weather reports, route-specific traffic reports, lottery results, horoscopes and local entertainment information such as movie listings. The Company is a member of the Wireless Data Forum (WDF) and an associate member of the Wireless Application Protocol (WAP) Forum. Robert Pearl, SmartServ Online's director of business development, serves as co-chairman of the WAP Developers Group. For more information about SmartServ Online's products and services visit the company Web site at http://www.smartserv.com. Contact: Robert Pearl: For Diversinet: |
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