TORONTO, ONTARIO--(CCNMatthews - April 27, 2006) - Route1 Inc. (TSX VENTURE:ROI), an innovator in secure, remote access, identity management services today announced that it has issued 3,726,500 options to its management and employees. Of this amount, 2,151,500 will have an exercise price of $0.30 and 1,575,000 will have an exercise price of $0.55. The Chief Executive Officer and Chief Operating Officer of Route1 will receive 1,575,000 of the $0.55 options. Other directors, officers and management received 1,450,000 of the $0.30 options. The options will have a five year time period and vest over a three year period.
About Route1 Inc.
Route1's innovative remote access solution transforms the way people work. Route1 offers simple and trusted remote access, enabling companies to securely expand the remote computing capability of all their employees. The Mobi Solution's secure design also supports regulatory and business continuity needs. Route1's Mobi Solution currently consists of the MobiKEY(TM) - a unique remote access software solution embedded on a cryptographic USB device - integrated with a managed secure connectivity service called MobiNET(TM).
The Company is listed on the TSX Venture Exchange (symbol: ROI) with offices in Toronto and New York. For more information, visit www.route1.com.
This news release 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.
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