Business
Route1 Announces 533% Growth in MobiKEY Sales for the Second Quarter, FY '06
Route1 Announces 533% Growth in MobiKEY Sales for the Second Quarter, FY '06.
About this update from Route1 Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, July 13 /CNW/ - Route1, Inc.(TM) (TSX-V:ROI), a market leader in\nproviding secure, identity-managed remote computing solutions, today announced\nthat the Route1 MobiKEY(TM) has been embraced by customers. Sales for the\nSecond Quarter, ending June 30, 2006 were strong at 1,025 MobiKEYs resulting\nin a total number of subscribers of 1,261.\nSince the release of the MobiKEY December 15th, 2005, sales have been\nsteadily growing quarter over quarter at a rate of 242% for Q1 and 533% for\nQ2.\n\"We are on track to maintain triple digit growth for this third quarter,\"\nsaid Andrew White, CEO of Route1. \"It is important to recognize that, of the\n1,025 MobiKEYs sold in Q2, two orders represented an excess of 200 keys each.\nThese orders are from customers who have evolved from trial to pilot to\nimplementation. We expect these numbers to grow commensurately,\" White\ncontinued.\nRoute1 will release its second quarter financial results on August 24,\n2006.\n\nAbout Route1, Inc.\nRoute1 is a trusted provider of secure, identity-managed computing\nsolutions that redefine the way people work. Route1's technology empowers the\nworkforce to securely extend access to their data, applications and network\nresources beyond the boundaries of the workplace. At the heart of Route1's\nsolution is MobiNET, a service delivery platform for secure identity\nmanagement. MobiNET works in tandem with the MobiKEY, an ultra-portable\ncomputing device that securely connects users to their desktop and network\nresources from any Internet-enabled Windows-based PC. Headquartered in\nToronto, Route1 is listed on the TSX Venture Exchange (symbol: ROI) and has\noffices in New York, California, Florida, the UK, and Germany. For more\ninformation, visit www.route1.com.\n\nThis news release does not constitute an offer to sell or a solicitation\nof an offer to buy any of the securities in the United States. The securities\nhave not been and will not be registered under the United States Securities\nAct of 1933, as amended (the \"U.S. Securities Act\") or any state securities\nlaws and may not be offered or sold within the United States or to U.S.\nPersons unless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is available.\n\nThe TSX Venture Exchange has not reviewed or appro...