TORONTO, Feb. 12 /CNW/ - Route1 Inc.(TM) (TSX-V:ROI), a trusted provider of security and identity management network solutions, today announced changes to the composition of its board of directors. John Denham, Edward Boyd and Tim Hyland resigned from the board. Joining the board effective immediately to fill these vacancies, and as independent directors, will be Brian W. Jamieson, Dean Peloso and Robert J. Tweedy.
"I am very pleased to welcome Brian, Dean and Robert to the Route1 board," noted Ian Currie, Q.C. Chairman of Route1 Inc. "Each of these individuals brings an independent perspective as well as extensive public company experience to the board and I look forward to the contributions that they will be making to the further development of the Company. On behalf of our shareholders and management, I would also like to recognize the contributions of John Denham, Edward Boyd and Tim Hyland who have retired from the board."
Mr. Jamieson was Chief Financial Officer of Reichhold Limited and Jannock Properties Limited, and has served as a director of a number of public companies including Reed Paper. He is a Member of the Institute of Chartered Accountants of New Zealand and is a Trustee of the Armtec Infrastructure Income Fund.
Mr. Peloso recently served as a director of Airsource Power Fund and has extensive experience in the regulation of the disclosure practices of public companies having served as the General Manager of SEDAR, Vice-President of e-Regulation for Canadian Depository for Securities Ltd, and Director - Listed Company Reporting at the Toronto Stock Exchange.
Mr. Tweedy has served as the Chairman and CEO of a number of private and public companies including PCL Industries and Sklar Peppler Furniture Corporation. He currently serves on the board of several companies including Aegon Canada Inc., Transamerica Life Insurance Company of Canada, Rockwater Capital Corporation, Dundee Real Estate Investment Trust and Sklar Peppler.
Each of the new appointments qualifies as an independent director under the Corporate Governance Guidelines published by the Ontario Securities Commission (National Policy 58-201).
About Route1 Inc.
Route1 is a trusted provider of security and identity management network solutions that are redefining today's workplace. At the heart of Route1's solutions is MobiNET, a communications and service delivery platform focused on identity management and entitlement-based access to resources. Leveraging the power of MobiNET is the award-winning MobiKEY, an ultra-portable computing device that connects users to their desktop data, applications and network resources from any Internet-enabled Windows-based PC. Route1's patent-pending solutions meet the stringent security needs and high standards mandated by all levels of government, and have been FIPS 140-2 validated, certified by the CSE and evaluated by ICSA Labs. As a Company with high regard for intellectual property, Route1 continues to encourage and nurture innovation across its talented team. Headquartered in Toronto, Route1 is listed on the TSX Venture Exchange (symbol: ROI) and has offices and agents in New York, California, Florida, the UK, Germany, and Latin America. For more information, visit www.route1.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for its adequacy or accuracy.
(C) Route1 Inc. All rights reserved. Route1, the Route1 Logo, Mobi, MobiSecure, Route1 MobiKEY, and Route1 MobiNET are either registered Trademarks or Trademarks of Route1 Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners.