TORONTO, April 27 /CNW/ - Route1 Inc. (TSX-V:ROI), an innovator in secure, remote access, identity management services today announced that its senior management team has chosen to forego the issuance of options previously announced. Andrew White, CEO; Tim Hyland, President and COO; and John Denham, CFO have agreed that, until the company has reached the recurring revenue level realized from a subscriber base of 20,000, it will not entertain the issuance of options. "We listen to our shareholders", said Andrew White, CEO, Route1. "We have come to this decision out of respect for some concern expressed to us. We are confident that all of our shareholders will benefit from the financial performance we are anticipating this year." The resulting options issuance will be 1,801,500 options with an exercise price of $0.30. The options will have a five year time period and vest over a three year period. About Route1, Inc. Route1's innovative remote access solution transforms the way people work. Route1 offers simple and trusted remote access, enabling companies to securely expand the remote computing capability of all their employees. Furthermore, since no applications or data reside on the remote devices, organizations can assure compliance with privacy, security and governance regulations. The Mobi Solution's secure design also supports regulatory and business continuity needs. Route1's Mobi Solution currently consists of the Route1 MobiKEY(TM) - a unique remote access software solution embedded on a cryptographic USB device - integrated with a managed secure connectivity service called Route1 MobiNET(TM). The Company is listed on the TSX Venture Exchange (symbol: ROI) with offices in Toronto and New York. 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 the adequacy or accuracy of this press release. (C) Route1 Inc. All rights reserved. Route1, the Route1 Logo, Mobi, MobiSecure, MobiDesk, 1 MobiAgent & Design, Route1 Mobi & Design, Route1 MobiKEY, Route1 MobiNET and Route1MobiBook 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. %SEDAR: 00008444E