Business
ROUTE1 Announces Issuance of Employee Options
ROUTE1 Announces Issuance of Employee Options.
About this update from Route1 Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, April 27 /CNW/ - Route1 Inc. (TSX-V:ROI), an innovator in\nsecure, remote access, identity management services today announced that it\nhas issued 3,726,500 options to its management and employees. Of this amount,\n2,151,500 will have an exercise price of $0.30 and 1,575,000 will have an\nexercise price of $0.55. The Chief Executive Officer and Chief Operating\nOfficer of Route1 will receive 1,575,000 of the $0.55 options. Other\ndirectors, officers and management received 1,450,000 of the $0.30 options.\nThe options will have a five year time period and vest over a three year\nperiod.\n\nAbout Route1 Inc.\n\nRoute1's innovative remote access solution transforms the way people\nwork. Route1 offers simple and trusted remote access, enabling companies to\nsecurely expand the remote computing capability of all their employees. The\nMobi Solution's secure design also supports regulatory and business continuity\nneeds. Route1's Mobi Solution currently consists of the MobiKEY(TM) - a unique\nremote access software solution embedded on a cryptographic USB device -\nintegrated with a managed secure connectivity service called MobiNET(TM).\nThe Company is listed on the TSX Venture Exchange (symbol: ROI) with\noffices in Toronto and New York. For more information, 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 approved the contents of\nthis press release and does not accept responsibility for the adequacy or\naccuracy of this press release.\n%SEDAR: 00008444E\n\n\n","length":2086,"tagName":"div"}]