Route1 Inc.
TSX VENTURE : ROI

Route1 Inc.

October 15, 2009 16:15 ET

Spinnaker Capital Markets Inc. Engaged by Route1 as Capital Markets Advisor

TORONTO, ONTARIO--(Marketwire - Oct. 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.

During its mandate, Spinnaker will provide Route1 with strategic counsel and assist the Company with investor outreach, trading, research, the development of Route1's investor presentations, news releases and website.

Spinnaker is a Toronto-based advisory firm which provides small- and mid-cap publicly-listed companies with an array of services tailored to raise capital, target and attract institutional and retail investors, increase shareholder value and chart a long-term course for success.

Spinnaker's principals, Ali Mahdavi and Kevin O'Connor, have more than 30 years' combined experience, underpinning the firm's ability to position companies for maximum exposure in the capital markets.

Spinnaker has long-standing relationships with Canadian, American, and European investment banks, asset management firms, and retail brokerage houses, which provide their clients with access to capital, research coverage, and retail and institutional market support.

As at October 14, 2009, Spinnaker and its principals, directly and indirectly, own a total of approximately 1.6 million common shares of Route1.

The agreement with Spinnaker is subject to TSXV approval.

About Route1

Route1 delivers award-winning security and identity management solutions to customers worldwide. These solutions provide universal, secure access to all digital resources and sensitive data. 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. Route1's patent-pending solutions are based on FIPS-140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements around privacy and security. Headquartered in Toronto, Route1 is listed on the TSX Venture Exchange (symbol: ROI). For more information, visit www.route1.com.

This news release is required by applicable Canadian laws 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.

Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Route1's current expectations, estimates, forecasts and projections about the operating environment, legal environment, economies and markets in which Route1 operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. Unless otherwise required by applicable securities laws, Route1 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

(C)2009 All rights reserved. Route1, the Route1 Logo, Mobi, Route1 MobiKEY, TruOFFICE, PurLINK, EnterpriseLIVE, DEFIMNET, IBAD 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 owners.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Spinnaker Capital Markets Inc.
    Ali Mahdavi
    Investor Relations
    416-962-3300 ext. 225
    am@spinnakercmi.com