Route1 Announces Private Placement Financing

TORONTO, June 7 /CNW/ - Route1 Inc. (TSX-V:ROI), an innovator in wireless
remote computing, today announced that it is actively seeking to raise capital
through a private placement financing of equity securities. The financing is
intended to raise between $1 million and $4 million. The net proceeds raised
will be used by Route1 for working capital and general corporate purposes. No
agent is currently engaged by Route1 in connection with the private placement,
but Route1 may determine to do so in the future. The completion of any
financing is subject to the usual risks and uncertainties, including
regulatory approvals and market conditions. Route1 may determine to cease
actively seeking capital at any time in its discretion.
In accordance with the TSX Venture Exchange (TSX-V) rules, a Price
Reservation Form was filed on May 18, 2005. The transaction is subject to the
final approval of the TSX-V. The TSX-V has in no way passed on the merits of
the proposed private placement and has neither approved nor disapproved of the
contents of this press release.

About Route1
Route1 was founded with the vision of mobilizing the desktop PC. Drawing
on years of experience in secure wireless applications, Route1 is bridging the
gap between business needs and technology's limitations to deliver its Mobi
Solution. The Company is listed on the TSX Venture Exchange and is
headquartered in Toronto, Ontario with offices in New York, NY. For more
information, visit www.route1.com.

(C) 2005 Route1 Inc. All rights reserved. All other trademarks used are
owned by their respective owners.
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