Genoa to provide Investor Relations and Capital Markets Counsel
TORONTO, Dec. 19 /CNW/ - Route1 Inc. (TSX-V:ROI) a market leader in providing secure identity and entitlement-managed remote computing solutions today announced that it has appointed Genoa Management Limited ("Genoa") as the Company's investor relations advisor and independent capital markets counsel effective December 1, 2006.
Genoa's mandate includes supporting Route1's management team on the Company's investor relations and financial communications activities; advising Route1 on its capital market transactions; and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Route1 investment story.
"Route1 is committed to its shareholders," commented Andrew White, CEO, Route1. "Our growth and recent media attention has set the stage for this relationship. The time is right to leverage the experience and expertise that Genoa brings to the table."
The agreement with Genoa has an initial term of 6 months. Unless the Company provides prior notice to Genoa, renewal terms are for an additional 6 months. Route1 has agreed to pay Genoa the following as fees for Genoa's services: (i) an initial administration fee of $2,500, (ii) a fixed monthly fee of $5,500 and (iii) a grant of options to purchase up to 250,000 common shares of the Company at a strike price of $0.25 per share.
About Route1 Inc.
Route1 is a trusted provider of security and identity management network solutions that are redefining today's workplace. 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. Leveraging the power of MobiNET is the award-winning MobiKEY, an ultra-portable computing device that connects users to their desktop data, applications and network resources from any Internet-enabled Windows-based PC. Route1's patent-pending solutions meet the stringent security needs and high standards mandated by all levels of government, and have been FIPS 140-2 validated, certified by the CSE and evaluated by ICSA Labs. As a Company with high regard for intellectual property, Route1 continues to encourage and nurture innovation across its talented team. Headquartered in Toronto, Route1 is listed on the TSX Venture Exchange (symbol: ROI) and has offices and agents in New York, California, Florida, the UK, Germany, and Latin America. For more information, visit www.route1.com.
About Genoa Management
Established in 1999, Genoa Management provides Canadian listed companies with independent capital markets counsel as well as financial communications management and targeted investor outreach support. www.genoa.ca
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.
The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for its adequacy or
(C) Route1 Inc. All rights reserved. Route1, the Route1 Logo, Mobi, MobiSecure, Route1 MobiKEY, 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.