Press Releases
Route1 Reports Third Quarter 2009 Financial Results
TruOFFICE subscriptions total more than 15,400 at the quarter’s end and Gross margin increases to more than $1 million for the third quarter
TORONTO — November 26, 2009 — Route1 Inc. (“Route1” or “the Company”) (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its third quarter financial results for the three month and nine-month periods ended September 30, 2009. ...[read more]
Route1 Announces Third Quarter 2009 Financial Results Notification
TORONTO, ONTARIO – November 4, 2009 - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company announced today that it will report its third quarter financial results for the period ended September 30, 2009, before the market opens on Thursday, November 26, 2009. The Company will also hold a conference call and live webcast on the same day at 11:00 a.m. Eastern Standard Time (EST) to discuss the financial results for the current quarter, and the Company’s business and growth plan. ...[read more]
Route1 Provides Update
TORONTO, ONTARIO – October 28, 2009 - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE: ROI), a security and identity-based services company, today provided an update on several key initiatives. ...[read more]
Route1 Closes Debt Facility with HSBC Canada
Proceeds to fund working capital requirements for Qwest Government Services
TORONTO, ONTARIO – October 19, 2009 - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company, today announced that it has closed a CAD$2.5 million senior bank debt financing (“Financing”) with HSBC Bank Canada. The Financing bears interest at the bank's prime rate plus two and a half percent (2.5%), and is scheduled to be repaid by February 28, 2010. ...[read more]
Spinnaker Capital Markets Inc. engaged by Route1 as Capital Markets Advisor
TORONTO, ONTARIO – October 15, 2009 - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company, today announced that it has engaged Spinnaker Capital Markets Inc. (“Spinnaker”) as its Investor Relations and Capital Markets Advisor for a period of three years, effective October 1, 2009. Spinnaker will receive a monthly fee of $7,500, in addition to 1.5 million Stock Options with a strike price of $0.10 per common share. ...[read more]
Route1 Announces Extension of Expiry Date of Warrants
TORONTO, ONTARIO – October 15, 2009 - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company, today announced that the TSX Venture Exchange has approved an extension to the expiry date of 32,360,333 common share purchase warrants, priced at $0.155, from November 7, 2009 to May 7, 2010. ...[read more]
Route1 Announces Stock Option Grant
TORONTO, ONTARIO — Sept. 25, 2009 — Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company, today announced that a total of 6,500,000 options to purchase common shares of the Company were granted to Directors and Officers on September 24, 2009 at an exercise price of $0.10 per share, expiring on September 24, 2014. The grant is subject to regulatory approval. ...[read more]
Route1 Shareholder's Vote for Concerned Shareholder's Nominees to Board of Directors
TORONTO, ONTARIO — Sept. 24, 2009 — Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI), a security and identity-based services company, today announced that the Concerned Shareholder's Nominees to the Board of Directors received shareholder support at Route1's Annual General and Special Meeting of Shareholders held today in Toronto. The Company also announced changes to its management team. ...[read more]
Route1 Secures Financing and Increases Sales
TORONTO — September 22, 2009 — Route1 Inc., (TSX-V:ROI) a security and identity-based services company, today announced that it has received a commitment for CAD$2.5 million in senior bank debt financing (Financing) from a major Canadian bank, which is supported by an Export Development Canada guarantee. The Financing commitment is subject to the bank’s completion of its final due diligence process, and is expected to close within the next few weeks. ...[read more]
Route1 Board Clarifies Dissident Statements and Focuses On the Business
TORONTO — September 17, 2009 — The Board of Directors for Route1 Inc., (TSX-V:ROI) a security and identity-based services company is issuing this release to clarify recent statements made in the dissident proxy circular and subsequent releases in the media. ...[read more]
Dutch Government Grows Route1 Deployment
TORONTO — August 31, 2009 — Route1 Inc., (TSX-V:ROI) a security and identity-based services company, today announced that the Government of the Netherlands Ministry Foreign Affairs has increased its deployment of Route1’s TruOFFICE™ subscription-based service and MobiKEY® devices to enable secure interactions with their digital resources from anywhere, at any time. The Route1 solution will be deployed to both personnel at headquarters in The Hague, Netherlands, as well as personnel located at Dutch Embassies abroad. ...[read more]
Route1 Presents Eco-friendly Telework Solution at GSA Conference
TORONTO — August 11, 2009 — Route1 Inc., (TSX-V:ROI) a security and identity-based services company will present, Secure Teleworking: Saving Time, Money and the Environment, on a panel today at the U.S. General Services Administration’s 2009 Network Services Conference in Chicago, Illinois. ...[read more]
Route1 Demonstrates MobiKEY for Government and Military at GSA
TORONTO, — August 10, 2009 — Route1 Inc., (TSX-V:ROI) a security and identity-based services company, today announced that it has introduced the beta version of the MobiKEY® Fusion, an identity validation device that supports government-issued identity and access cards, powered by MobiNET®. Route1 will demonstrate the MobiKEY Fusion at the U.S. General Services Administration’s 2009 Network Services Conference in Chicago, Illinois from August 10 to 13, 2009, with Qwest Government Services (Qwest) in Booth 411. ...[read more]
Route1 Awarded Government of Canada NMSO Contract
Canadian Government departments and agencies get green light to purchase Route1 identity-based services and products
TORONTO — July 27, 2009 — Route1 Inc., (TSX-V:ROI) a security and identity-based services company, today announced that it has been awarded a National Master Standing Offer (NMSO) contract by Public Works and Government Services Canada (PWGSC). Under the NMSO contract number E60QE-08BI12/001/QE, Canadian Government departments and agencies have been pre-approved to purchase up to $20 million of Route1 products and services over a three-year period. ...[read more]
Route1 Official Statement Regarding Removal of Former President and CEO
TORONTO — July 22, 2009 — Route1 Inc. (“Route1”) (TSX-V:ROI) has issued the following official statement regarding the removal of Mr. Andrew White as President and CEO. ...[read more]
Route1 Reports 2009 Second Quarter Financial Results
TORONTO — July 20, 2009 — Route1 Inc. (“Route1”) (TSX-V:ROI), the trusted provider of security and identity management network solutions, today reported its 2009 second quarter financial results as at and for the three and six months ended June 30, 2009. ...[read more]
Route1 Appoints Interim President and CEO
TORONTO — July 20, 2009 — Route1 Inc. (“Route1”) (TSX-V:ROI) chairman Ian Currie today announced that Mr. Dean Peloso, a member of Route1’s Board of Directors, will step in immediately on an interim basis to serve as President and Chief Executive Officer. The move follows the removal of Mr. K. Andrew White who previously served in this role. ...[read more]
Route1 Reports 2009 First Quarter Financial Results
TORONTO — May 20, 2009 — Route1 Inc. (“Route1”) (TSX-V:ROI), the trusted provider of security and identity management network solutions, today reported its 2009 first quarter financial results as at and for the three months ended March 31, 2009. ...[read more]
Route1 Completes Installation of DEFIMNET for the U.S. Government's Department of Homeland Security
TORONTO — April 29, 2009 — Route1 Inc. (“Route1” or the “Company”) (TSX-V:ROI) today announced the successful installation of its DEFIMNET™ (DEFense Identity Management NETwork), its military version of its service delivery platform for identity and entitlement management, at a United States Government’s Department of Homeland Security (“DHS”) site. DEFIMNET was developed and designed to reside within all levels of classified and unclassified networks, to interact with other defense network systems. DEFIMNET is sanctioned for use by military units to command and control confidentiality, integrity and availability of secure and real-time data. ...[read more]
Route1 Reports Fourth Quarter and Fiscal 2008 Financial Results
TORONTO — April 15, 2009 — Route1 Inc. (“Route1” or “the Company”) (TSX-V:ROI), the trusted provider of security and identity management network solutions, today announced its 2008 Fiscal Year and Fourth Quarter financial results as at and for the three months and year ended December 31, 2008. ...[read more]
Route1 Grants Qwest Exclusive Rights That Positions Route1 For Positive Cash Flow In 2009
Qwest Commits to Purchase 30,000 MobiKEY devices and TruOFFICE service in 2009
TORONTO — January 7, 2009 — Route1 Inc. (“Route1”) (TSX-V:ROI) and Qwest Government Services Inc. (“Qwest”), a wholly-owned subsidiary of Qwest Communications International Inc. (NYSE: Q) today announced that they have signed an agreement granting Qwest the exclusive rights to resell Route1 security and identity management solutions to the U.S. Federal Government in 2009. ...[read more]
Qwest To Offer Route1 Security And Identity Management Products To The Federal Government
Technology Helps Federal Agencies Meet GAO Mandates
ARLINGTON, Va., Jan. 7, 2009 – Qwest Government Services, a division of Qwest Communications International Inc. (NYSE: Q), and Route1 Inc. (TSX-V:ROI) today announced an exclusive agreement for Qwest to resell to the federal government Route1’s security and identity management network solutions, which enable agencies to meet U.S. Government Accountability Office (GAO) mandates for teleworking, continuity of operations planning (COOP) and other disaster preparedness programs. Qwest also will provide the network and hosting services that are necessary for supporting the Route1 solutions. ...[read more]