Route1 Announces Closing of $7.8 Million Private Placement


    TORONTO, Nov. 7 /CNW/ - Route1 Inc.(TM) (TSX-V:ROI), the trusted provider
of security and identity management network solutions, today announced that it
has completed its private placement offering, announced on October 15, 2007,
of 64,720,666 units ("Units") at a price of $0.12 per Unit for total gross
proceeds of $7,766,480. Each Unit is comprised of one (1) common share and
one-half (0.5) common share purchase warrant (a "Warrant"). Each whole Warrant
is exercisable into one common share at a price of $0.155 per share for a
period of 2 years from the date of closing.
    The offering was conducted through a syndicate of agents led by Raymond
James Ltd. and included GMP Securities L.P. and Laurentian Bank Securities
Inc. (collectively the "Agents"). The Agents were paid a cash commission equal
to seven percent (7%) of the gross proceeds raised pursuant to the offering
and have been granted non-assignable common share warrants equal, in
aggregate, to six percent (6%) of the number of Units sold.
    The common shares have been conditionally approved for listing on the TSX
Venture Exchange Inc. (the "Exchange"), subject to compliance with the normal
requirements of the Exchange. The Units sold pursuant to the private placement
will be subject to resale restrictions in accordance with applicable
securities law and stock exchange requirements.


    Route1 is the trusted provider of security and identity management
network solutions that are redefining today's digital landscape. 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. MobiKEY enables users to connect
to their desktop data, applications, network resources, and web content with
services such as TruOFFICE and PurLINK. 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
worldwide. For more information, visit

    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.

    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)2007 Route1 Inc. All rights reserved. Route1, the Route1 Logo, Mobi,
    Route1 MobiKEY, Route1 TruOFFICE, Route1 PurLINK, Route1 EnterpriseLIVE,
    and Route1 MobiNET are either registered Trademarks or Trademarks of
    Route1 Inc. in the United States and/or Canada. All other trademarks
    and/or trade names are the property of their respective owners.

    %SEDAR: 00008444E

For further information:

For further information: Investor Relations, Anthony Rzepka, Executive
Vice President and Chief Financial Officer, Tel: (416) 848-8391, Email:

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