Press Releases
Route1 Reports 2008 Third Quarter Results
TORONTO — November 25, 2008 — Route1 Inc. (“Route1” or “the Company”) (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its 2008 Third Quarter financial results as at and for the three and nine months ended September 30, 2008. ...[read more]
Route1 Enters Into Advisory Agreement with Spinnaker Capital Markets
TORONTO— November 3, 2008 — Route1 Inc. ("Route1" or the "Company") (TSX-V: ROI) is please to announce that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") as its investor relations advisor and independent capital markets counsel. ...[read more]
Cadillac Fairview Selects Route1's TruOFFICE to Ensure Business Continuity
TORONTO — October 15, 2008 — Cadillac Fairview Corporation Limited and Route1 Inc. (TSX-V:ROI) today announced that Cadillac Fairview has selected Route1's TruOFFICE™ subscription-based service powered by its MobiNET™ for its disaster recovery and business continuity solution for its operational and management staff. ...[read more]
Route1 and Qwest Commences the Rollout with the US Department of Homeland Security by Delivering 1438 Mobikeys with Truoffice Service within a Week of its Initial Order
TORONTO and DENVER — October 9, 2008 — Route1 Inc. (TSX-V:ROI) and Qwest Communications International Inc. (NYSE: Q) today announced the delivery of an additional 1438 Route1 MobiKEYs and TruOFFICE subscription-based services to the United States Customs and Border Protection (CBP), a part of the Department of Homeland Security (DHS). ...[read more]
Route1 and Qwest Win Multi-Million Dollar Deal with US Department of Homeland Security
TORONTO and DENVER — October 1, 2008 — Route1 Inc. (TSX-V:ROI) and Qwest Communications International Inc. (NYSE: Q) today announced they will deliver Route1’s highly secure identity management and dynamic Virtual Private Network (VPN) platform to the United States Customs and Border Protection (CBP), a part of the Department of Homeland Security (DHS). The initial three-year deal is valued in excess of $2 million and is being delivered through Route1’s reseller partner, Qwest Government Services Inc. under the Washington Interagency Telecommunications System (WITS) 2001 Crossover contract. This agreement is the beginning of a multi-year implementation and covers the license of a DEFIMNET™ with the first 500 TruOFFICE™ subscriptions included. DHS has the option to acquire up to 95,000 additional subscriptions for TruOFFICE and other Route1 services over the life of the contract on the initial hardware. ...[read more]
Route1 Reports 2008 Second Quarter Results
Toronto - August 22, 2008 — Route1 Inc. (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its 2008 Second Quarter financial results as at and for the three and six months ended June 30, 2008. ...[read more]
Qwest Introduces Federal Agencies to Universal and Secure Solution for Accessing Digital Resources and Sensitive Data
DENVER, June 26, 2008 — Qwest Communications International Inc. (NYSE: Q) is introducing a security and identity management solution for federal government agencies that provides universal and secure access to all digital resources and sensitive data. ...[read more]
Route1 Reports 2008 First Quarter Results
TORONTO – May 30, 2008 - Route1 Inc.™ (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its 2008 First Quarter financial results as at and for the three months ended March 31, 2008. ...[read more]
Route1 Reports 2007 Fiscal Year Results
TORONTO — April 29, 2008 —Route1 Inc. (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its 2007 Fiscal Year and Fourth Quarter financial results as at and for the three months and year ended December 31, 2007. ...[read more]
Route1 Concludes Agreement with Giesecke & Devrient (G&D)
G&D and Route1® will offer a portfolio of solutions based on G&D's StarSign® family of products and Route1's MobiNET subscription-based services
MUNICH and TORONTO — April 17, 2008 — Giesecke & Devrient (G&D), a leading global provider of banknotes, ID documents, and smart card solutions, and Route1 Inc. (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced the execution of a collaborative agreement to develop and market devices utilizing Route1's MobiNET™ platform. MobiNET is Route1's communications and service delivery platform focused on identity management and entitlement-based access to resources. ...[read more]
Route1 Resolves Payment Dispute with Reseller
TORONTO – April 7, 2008 - Route1 Inc.™ (TSX-V:ROI), the trusted provider of security and identity management network solutions, announced today that it has resolved a dispute with one of its resellers arising from the non-payment of invoices issued by Route1 in connection with MobiKEYs delivered to the reseller in 2007. Route1 has received full payment on the outstanding invoice, which represents approximately one-third of the amounts that the Company announced that it was pursuing for payment in a news release dated January 4, 2008. ...[read more]
Route1 Confirms Financial Statements Not Affected by Revised MD&A
TORONTO – January 10, 2008 - Route1 Inc.™ (TSX-V:ROI), the trusted provider of security and identity management network solutions, announced on January 9, 2008 the filing of a revised Management Discussion and Analysis ("MD&A") for the year ended December 31, 2006, as a result of its participation in the Ontario Securities Commission Continuous Disclosure Review Program. ...[read more]
Route1 Files Revised MD&A
TORONTO – January 9, 2008 - Route1 Inc.™ (TSX-V:ROI), the trusted provider of security and identity management network solutions, announced today the re-filing of a revised Management Discussion and Analysis ("MD&A") for the year ended December 31, 2006, as a result of the participation in the Ontario Securities Commission Continuous Disclosure Review Program. The revised MD&A includes additional disclosures on the critical accounting policies and estimates, additional disclosure on the annual selected financial information, additional discussion and analysis on the factors affecting the Company's financial performance, additional disclosure on future liquidity and capital needs including the addition of a tabular presentation of contractual obligation, additional disclosure on the last eight quarters, and details of related party transactions. The Company does not believe that any of the additional information provided that has not otherwise been disclosed in other filings is material in nature. The Company cautions that the MD&A has not been updated to reflect any events that have taken place since the time of the initial filing of the MD&A on April 30, 2007. Investors should review our disclosure record available at www.sedar.com for further developments in respect of Route1 since then. ...[read more]
Route1 Takes Action to Collect Delinquent Accounts
TORONTO – January 4, 2008 - Route1 Inc.™ (TSX-V:ROI), the trusted provider of security and identity management network solutions, announced today that it has filed Statements of Claim against certain customers relating to non-payment of invoices. The customers have maintained that based on non-sanctioned verbal representations made to them by certain employees of Route1 who are no longer with the Company, they were not obligated to make payment in accordance with the terms of the written binding purchase agreements. As reflect in the Statements of Claim, the customers entered into binding written agreements with Route1 to purchase MobiKEYs that were delivered in 2007 for which revenue of approximately $500,000 was recorded during the nine months ended September 30, 2007 on the strength of these agreements. To the best of Route1's knowledge, the customers in question are solvent and Route1 intends to take all necessary steps to pursue its rights and collect the full amount owing to the Company. ...[read more]