/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
TORONTO, Oct. 15 /CNW/ - Route1 Inc.(TM) (TSX-V:ROI), the trusted
provider of security and identity management network solutions, announced
today that the Company intends to raise up to $10 million in a brokered
private placement of common shares. The offering will be conducted through a
syndicate of agents led by Raymond James Ltd. and including GMP Securities
L.P. and Laurentian Bank Securities Inc. The closing of the offering is
expected to occur on or about October 30, 2007.
The offering is subject to regulatory approvals including the approval of
the TSX Venture Exchange. All securities issued pursuant to the offering will
be subject to applicable statutory, exchange and regulatory hold periods.
It is anticipated that the proceeds from this private placement will be
used to finance future growth and for general working capital purposes.
ABOUT ROUTE1 INC.
Route1 is the trusted provider of security and identity management
network solutions that are redefining today's workplace. At the heart of
Route1's solutions is MobiNET, a communications and service delivery platform
focused on identity management and entitlement-based access to resources.
Leveraging the power of MobiNET is the award-winning MobiKEY, an
ultra-portable computing device that securely connects users to the myriad of
MobiNET services from any Internet-enabled Windows-based PC. This
patent-pending computing solution is embedded on a smart-card enabled,
cryptographic USB device, making it one of the most powerful and easy-to-use
secure computing solutions available today. Combined with TruOFFICE, Route1's
secure, remote access service, MobiKEY enables users to connect to their
desktop data, applications and network resources. Route1's patent-pending
solutions, based on FIPS-140-2 cryptographic modules, meet the stringent
security needs and high standards mandated by all levels of government. They
have been evaluated by ICSA Labs and certified by the CSE. As a Company with
high regard for intellectual property, Route1 continues to encourage and
nurture innovation across its talented team. Headquartered in Toronto, Route1
is listed on the TSX Venture Exchange (symbol: ROI) and has offices and agents
in New York, Florida, the UK, Germany, and Latin America. For more
information, visit www.route1.com.
The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for its adequacy or
(C)Route1 Inc. All rights reserved. Route1, the Route1 Logo, Mobi, Route1
MobiKEY, TruOFFICE, and Route1 MobiNET are either registered Trademarks
or Trademarks of Route1 Inc. in the United States and or Canada. All
other trademarks and trade names are the property of their respective
This news release, required by applicable Canadian laws, is not for
distribution to U.S. news services or for dissemination in the United States,
and does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
For further information:
For further information: Investor Relations: Anthony Rzepka, Executive
Vice President and Chief Financial Officer, Tel: (416) 848-8391, Email: