Route1 Appoints Interim President and CEO>
Route1 Appoints Interim President and CEO
(Thomson Reuters ONE) - TORONTO, ONTARIO -- (MARKET WIRE) -- 07/20/09 -- Route1 Inc.("Route1") (TSX VENTURE: ROI) chairman Ian Currie today announcedthat Mr. Dean Peloso, a member of Route1's Board of Directors, willstep in immediately on an interim basis to serve as President andChief Executive Officer. The move follows the removal of Mr. K.Andrew White who previously served in this role.Commenting on this role, Mr. Peloso stated "Route1 was founded ontechnological innovation and the provision of enhanced security andidentity-based services to our customers. I'm pleased to take on thisinterim role and to continue building on the recent successes we haveexperienced in the market."Mr. Currie said, "As a Board, we wanted an interim President and CEOwho was knowledgeable about the Company, who had the background, andability to lead us through this transition. We're confident in Dean'sability to do just that."Route1 is also aware of a press release issued earlier today by Mr.White, which does not reflect the position and/or views of the Board.We will provide further updates as events occur in connection withthis matter.ABOUT ROUTE1 INC.Route1 delivers award-winning security and identity managementsolutions to customers world-wide. These solutions provide universal,secure access to all digital resources and sensitive data. At theheart of Route1's solutions is MobiNET, a communications and servicedelivery platform focused on identity management andentitlement-based access to resources. Route1's patent-pendingsolutions are based on FIPS-140-2 cryptographic modules, and simplifythe process of meeting increasingly stringent regulatory requirementsaround privacy and security. Headquartered in Toronto, Route1 islisted on the TSX Venture Exchange (symbol: ROI). For moreinformation, visit www.route1.com.This news release, required by applicable Canadian laws, and does notconstitute an offer to sell or a solicitation of an offer to buy anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any state securitieslaws and may not be offered or sold within the United States or toU.S. Persons unless registered under the U.S. Securities Act andapplicable state securities laws or an exemption from suchregistration 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 similarlanguage and are considered forward-looking statements or informationunder applicable securities legislation. These statements are basedon Route1's current expectations, estimates, forecasts andprojections about the operating environment, legal environment,economies and markets in which Route1 operates. These statements aresubject to important assumptions, risks and uncertainties, which aredifficult to predict and the actual outcome may be materiallydifferent from those contemplated in forward-looking statements.Unless otherwise required by applicable securities laws, Route1disclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise.(c)2009 All rights reserved. Route1, the Route1 Logo, Mobi, Route1MobiKEY, Route1 TruOFFICE, Route1 PurLINK, Route1 EnterpriseLIVE, andRoute1 MobiNET are either registered Trademarks or Trademarks ofRoute1 Inc. in the United States and or Canada. All other trademarksand trade names are the property of their respective owners.The TSX Venture Exchange has not reviewed or approved the contentsof this press release and does not accept responsibility for itsadequacy or accuracy.Contacts:Investor Relations:Spinnaker Capital Markets Inc.Ali Mahdavi416-962-3300am(at)spinnakercmi.comRoute1 Inc.Anthony RzepkaExecutive Vice President and CFO416-848-8391ir(at)route1.comMedia Contact:Route1 Inc.Tanieu TanDirector, Marketing and Communications416-814-2615tanieu.tan(at)route1.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 20.07.2009 - 22:33 Uhr
Sprache: Deutsch
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