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ROI Route 1 Inc

0.025
0.00 (0.00%)
31 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Route 1 Inc TSXV:ROI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.02 0.025 0.025 0.02 0.025 38,375 20:07:31

Route1 Announces the Appointment of Louis De Jong as Board Director

27/11/2012 5:00pm

Marketwired Canada


Route1 Inc. (TSX VENTURE:ROI) ("Route1" or the "Company"), a security and
identity management company, and its board of directors, are pleased to announce
the appointment of Louis De Jong to its board of directors. 


Mr. De Jong recently founded and is the Managing Partner of De Jong & Co., a
boutique merchant bank engaged in principal investment and financial advisory
services. Prior to that, in 2004 he had co-founded and was Managing Director of
Jemekk Capital Management Inc., a hedge fund manager on behalf of high net worth
and institutional clients focused on small and medium capitalized Canadian
companies. From 1998 to 2004 Mr. De Jong was employed by Credit Suisse First
Boston where he most recently served as Director and Head of Canadian Equities.
Mr. De Jong began his career in the investment business at Sprott Securities
Inc. in institutional equity sales. 


Mr. De Jong is a graduate of the University of Western Ontario (Economics) and a
member of the Canadian Institute of Chartered Accountants.


"Mr. De Jong with his substantive knowledge of the Canadian small cap technology
space is a strong addition to our board of directors and we look forward to his
contribution in helping grow Route1," said Michael D. Harris, Chairman of
Route1.


CFO Appointment

Route1 also announced the promotion of Tom Lieu to Chief Financial Officer.
Since April 1, 2012, Mr. Lieu has been the Company's Vice-President of Finance. 


Prior to joining Route1, Mr. Lieu was the Controller of engineering.com from
2006 to 2012. He has over 10 years of financial management experience in the
technology sector. Mr. Lieu is a graduate of the Honours Bachelor of Business
Administration program at Wilfrid Laurier University, a graduate of the Master
of Business Administration at St. Mary's University, and holds a Certified
Management Accountant designation.


Board Director Stock Option Grant

Lastly, Route1 announced that a total of 1,000,000 stock options at an exercise
price of $0.13 per share were granted to recently appointed board director
Major-General (Retired) David Fraser. Under the Company's stock option plan, 10%
of the issued capital is reserved for issuance. As of today's date, including
the above grant, a total of 36,110,000 options are currently outstanding under
the stock option plan. 


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.


(C) Route1 Inc., 2012. All rights reserved. Route1, the Route1 and shield design
Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1
MobiVDI, MobiKEY, MC2, PurLINK, MobiLINK, 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Route1 Inc.
Ali Mahdavi
Capital Markets Advisor
+1 416-962-3300
ali.mahdavi@route1.com
www.route1.com

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