Route1 Inc.
TSX VENTURE : ROI

Route1 Inc.

November 25, 2014 17:29 ET

Route1 Announces Annual and Special Meeting Results

Shareholders Approve All Matters

TORONTO, ONTARIO--(Marketwired - Nov. 25, 2014) - Route1 Inc. (TSX VENTURE:ROI) (the "Company"), a leading provider of secure access technologies for the mobile workspace that protects businesses and government agencies, and whose customers include the U.S. Department of Defense, the Department of Homeland Security, the Department of Energy and the Government of Canada, today announced that it received approval for all proposals submitted to shareholders at the Company's annual and special meeting of shareholders (the "Meeting"), which was held on November 25, 2014 in Toronto, Ontario.

The matters voted on and approved are as follows:

  1. Mark S. Boensel, Tony P. Busseri, Louis De Jong, Michael F. Doolan, David Fraser and Michael D. Harris were elected as the Company's Directors. Following the Meeting, the Board of Directors met and appointed Peter F. Chodos to the Board and selected Mr. Harris to continue to serve as the Company's Chairman of the Board;
  2. Collins Barrow LLP, Chartered Accountants were appointed as the Company's auditors in respect of the year ending December 31, 2014;
  3. The Company's stock option plan was voted on and reapproved;
  4. The Company's shareholder rights plan was voted on and reapproved with certain amendments thereto; and
  5. Finally, the resolution authorizing the consolidation of common shares in the capital of Route1 Inc., on the basis of up to 20 pre-consolidation common shares for every 1 post-consolidation common share, at the discretion of the Board of Directors of Route1 Inc. was approved.

With the exception of Item 4, each of the five matters that was voted on at the Meeting received greater than 94% approval of the votes cast at the Meeting. Item 4 received 51.8% approval of the votes cast at the Meeting. A total of approximately 122 million shares were voted at the Meeting.

ABOUT ROUTE1, INC.

Route1 enables the mobile workspace without compromising on security. Its flagship technology MobiKEY uniquely combines secure mobile access, with high assurance identity validation and plug-and-play usability. Remote and mobile workers are able to securely and cost effectively access their workspace from any device without exposing the organization to the risk of data spillage or malware propagation. MobiKEY customers include Fortune 500 enterprises as well as the U.S. Department of Defense, the Department of Homeland Security, the Department of Energy and the Government of Canada. Headquartered in Toronto, Canada, Route1 is listed on the TSX Venture Exchange.

For more information, visit our website at: www.route1.com.

This news release, required by applicable Canadian laws, 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.

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.

© Route1 Inc., 2014. All rights reserved. Route1, the Route1 and shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, MobiLINK, Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MobiKEY IBAD, DEFIMNET, MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion, MobiNET Aggregation Gateway, MobiNET Switching Array, MobiNET Secure Gateway, EnterpriseLIVE, EnterpriseLIVE Virtualization Orchestrator, MobiNET Agent, MobiKEY Classic and MobiKEY Classic 2, 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.

The DEFIMNET and MobiNET platforms, and the MobiKEY, MobiKEY Classic, MobiKEY Classic 2 and MobiKEY Fusion devices are protected by copyright, international treaties, and various patents, including Route1's U.S. Patents 7,814,216 and 7,739,726, Canadian Patent 2,578,053, and other patents pending. The MobiKEY Classic 2 is also protected by U.S. Patents 6,748,541 and 6,763,399, and European Patent 1001329 of Aladdin Knowledge Systems Ltd. and used under license. Other patents are registered or pending in various countries around the world.

Other product and company names mentioned herein may be trademarks of their respective companies.

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