Route1 Inc.

TSX VENTURE : ROI


Route1 Inc.

October 22, 2012 11:18 ET

Route1 Announces Annual Meeting Results

Shareholders Approve all Matters

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2012) - Route1 Inc. (TSX VENTURE:ROI), a security and identity management company, today announced that it received approval for all proposals submitted to stockholders at the Company's annual meeting, which was held on October 22, 2011 in Toronto, Ontario.

The matters voted on and approved are as follows:

  • Set the number of directors at six and empower the directors to determine within the minimum and maximum number of directors as provided in the Company's Articles of the Corporation, the number of directors, subject to the Business Corporations Act (Ontario), and the number of directors to be elected at any annual meeting of shareholders;
  • Mark S. Boensel, Tony P. Busseri, Peter F. Chodos, Michael F. Doolan, David Fraser and Michael D. Harris were elected as the Company's directors. Mr. Harris will continue as Chairman of the Board;
  • Collins Barrow LLP, Chartered Accountants were appointed as the Company's auditors in respect of the year ending December 31, 2012; and
  • Finally, the Company's stock option plan was voted on and reapproved.

Each of the four matters that were voted on received greater than 92.8% approval, with a total of 149.3 million shares voted at the meeting.

ABOUT ROUTE1 INC.

Route1 delivers industry-leading security and identity management solutions to enterprises worldwide, such as businesses, government and military, which need universal, secure access to all digital resources and sensitive data. These customers depend on The Power of MobiNET - Route1's communications and service delivery platform. MobiNET provides identity assurance and individualized access to networks and data. Route1's patented solutions are based on FIPS 140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements for privacy and security. 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 contains statements that are not current or historical factual statements that may constitute forward-looking statements. These statements are based on certain factors and assumptions, including, expected financial performance, business prospects, technological developments, and development activities and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources.

This news release, 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.

© Route1 Inc., 2012. All rights reserved. Route1, the Route1 and shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MobiKEY IBAD, DEFIMNET, MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion, EnterpriseLIVE, EnterpriseLIVE VO, MobiNET Agent and MobiKEY Classic, 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 and MobiKEY Fusion devices are protected by U.S. Patents 7,814,216 and 7,739,726, and other patents pending.

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.

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