TORONTO, ONTARIO--(Marketwire - Nov. 3, 2008) - Route1 Inc. ("Route1" or the "Company") (TSX VENTURE:ROI) is please to announce that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") as its investor relations advisor and independent capital markets counsel.
The advisory agreement is for a term of six months from November 1, 2008 to April 30, 2009 and is renewable thereafter on a monthly basis.
The mandate will be to focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Route1 growth and investment story. The agreement also provides for a full range of investor relations services in exchange for a monthly retainer of $6,500.
"We are delighted to have been selected by Route1 as their investor relations and capital markets advisors and look forward to a long and successful relationship," noted Ali Mahdavi, Partner at Spinnaker.
Mr. Andrew White, President and CEO of Route1 Inc., stated "The Route1 team is extremely excited to work with Spinnaker to increase our market exposure, and give us stronger representation in the North American equity markets. This is the next step in our efforts to create the maximum amount of value for our loyal shareholders. Given Spinnaker's track record, we believe that they are the ideal partner and advisor to complement and communicate our growth strategy in delivering shareholder value."
Route1 delivers award-winning security and identity management solutions to customers world-wide. 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.
Spinnaker is a Toronto based advisory firm which provides TSX and TSX.V listed companies with an array of advisory services from investor relations to strategically positioning its portfolio of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with focus on the small to mid capitalization market segment.
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.
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)2008 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Spinnaker Capital Markets Inc.