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Route1 Inc.
Route1 Disposes Underperforming Subsidiary, The Clones Society
Published Apr 27 2005
3 min read

Route1 Disposes Underperforming Subsidiary, The Clones Society

TORONTO, April 26 /CNW/ - Route1 Inc. (TSXV:ROI) announced today that The
Clones Society Inc., an Ottawa-based provider of build-to-order computers,
peripherals and services filed a voluntary assignment in bankruptcy on
April 26, 2005 and that Raymond Chabot Inc. was appointed to act as trustee in
bankruptcy. Route1 assumed sole ownership of the company when it amalgamated
with The Prospectus Group in October 2004.
"This decision completes our efforts to shed all historic business units
from Prospectus Group," said Andrew White, Chief Executive Officer, Route1.
"The Prospectus businesses were a financial burden and not core to our
business strategy."
Earlier this year Route1 elected to sell its Hypernet Inc. subsidiary to
a management led group, in a deal whereby the group assumed sole ownership of
the company and its sizeable financial liabilities. Route1 was unable to find
a buyer for The Clones Society.

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
family of products. 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.

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