Route1 Announces the Appointment of Louis De Jong as Board Director
Promotes Tom Lieu to CFO
TORONTO, ONTARIO -- (Marketwire) -- 11/27/12 -- 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
"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.
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.
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.
Capital Markets Advisor
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