Press Releases
Route1 Announces Close of Private Placement Financing
TORONTO, ONT. December 23, 2004 - Route1 Inc. (TSX-V:ROI) today announced that it has closed its Private Placement financing previously announced October 20, 2004. Paradigm Capital Inc., First Associates Inc. and Wellington West Capital Inc. acted as agents. The Company paid the agents an aggregate $306,395.92 and the issuance of 1,205,595 warrants, each exercisable at $0.35 for the first 12 months, and at $0.525 for the following 12 months. ...[read more]
Route1 Selects Psion Teklogix for Mobi Field Trials
TORONTO, ONT. - December 16, 2004 - Route1 Inc. (TSX-V:ROI) today announced that it has selected Psion Teklogix (LSE: PON), a global provider of solutions for mobile computing, wireless data collection and RFID, as its hardware partner for its Mobi field trials in early 2005. The NETBOOK PRO mobile hand-held computer, a Windows CE. NET device from Psion Teklogix, will be tested with Route1¹s MobiNet to deliver next generation remote access and control services. With the new wireless computing solution, mobile workers will be able to securely use their desktop computer and network resources without carrying any applications or data with them. ...[read more]
Route1 Extends 3.4 Million Warrants & Provides Update on Company
TORONTO, ONT. - December 7, 2004 - Route1 Inc. (TSX-V:ROI) today announced that it has extended 3,401,000 Warrants currently outstanding that were issued as part of a Private Placement financing previously completed on March 16, 2004. The current Warrants which expire on December 16, 2004 with an exercise price of $0.35 have been extended to expire on May 16, 2005 with an exercise price of $0.45 commencing December 17, 2004. ...[read more]
Route1 Reports Q3 Financial Results for IP Company Limited
TORONTO, ONT. - November 19, 2004 Route1 Inc. (TSX-V:ROI) today reported the financial results for IP Company Limited ("IP Co.") for the third quarter ended September 30, 2004. IP Co., a development stage company, amalgamated with The Prospectus Group to form Route1 Inc. on October 15, 2004. Route1 is completing development of IP Co.'s remote computing technology with field trials to begin by the end of this year. ...[read more]
Route1 Announces Sale of Hypernet Inc.
TORONTO, ONT. - October 28, 2004 - Company Positions as Wireless Pure Play by Divesting Non-Core Asset ...[read more]
Route1 Reports Q2 Financial Results for IP Company Limited
TORONTO, ONT. - October 25, 2004 Route1 Inc. (TSX-V:ROI) today reported the results for IP Company Limited for the three-month period ended June 30, 2004. IP Company, a development stage company, amalgamated with The Prospectus Group to form Route1 Inc. on October 15, 2004. ...[read more]
Route1 Raises Cumulative $6.4 Million Financing
Route1 Inc. (formerly The Prospectus Group Inc.) (TSX-V:PSE), announced today that it had secured approximately Cdn. $4.4 million from private investors. The Company has now raised approximately Cdn. $6.4 million in funding since February 2004 to commercialize Mobi, a next generation remote computing solution developed by IP Company Limited. ...[read more]
Route1 Reports Additional Details on Reverse Takeover with IP Co.
TORONTO, ONT - October 19, 2004 - Route1 Inc., formerly The Prospectus Group Inc. (the ³Corporation²), is pleased to provide additional information on its concluded reverse takeover by way of amalgamation with IP Co. Limited announced October 15, 2004. The transaction is subject to final approval of the TSX Venture Exchange. ...[read more]
Route1 Launches Mobi Next Generation Remote Computing Solution at DEMOmobile 2004
NEW YORK, NY and TORONTO, ONT. - September 8, 2004; Mobi extends new and existing applications over wireless networks without any changes to current infrastructure or user experience ...[read more]