Route1 Official Statement Regarding Removal of Former President andCEO

TORONTO, ONTARIO--(Marketwire - July 22, 2009) - Route1 Inc.
("Route1") (TSX VENTURE: ROI) has issued the following official
statement regarding the removal of Mr. Andrew White as President and
CEO.
 
Mr. White chose to inappropriately issue a press release on behalf of
Route1, and misrepresented himself as President and CEO following his
dismissal on Monday, July 20, 2009 at 12 Noon Eastern Time. That
release does not reflect the position and, or views of Route1 and its
Board of Directors.
 
"It is always a difficult decision when a Board has to step in and
replace the CEO," said Mr. Ian Currie, Chairman of the Board of
Directors, Route1. "The decision to replace Mr. White came after many
months of his failure to meet the job requirements of the CEO and the
Board's directions. This impaired the Board's ability to meet its
fiduciary responsibilities to shareholders. Ultimately, the Board was
compelled to act."
 
The Board, recognizing Mr. White's entrepreneurial spirit, offered to
transition him to a role as Vice Chairman and Chief Architect, where
his true strengths could be better utilized. This opportunity was
summarily declined and further met with a demand by Mr. White that
the Board resign en masse at the upcoming Annual General Meeting in
favour of a new slate of directors. Clearly, the Board could not
accept this demand and meet its responsibilities to shareholders. At
that point, Mr. White was removed.
 
"Mr. Dean Peloso has tremendous experience and capability to manage
the business effectively as interim President and CEO," added Mr.
Currie. "Shareholders should be assured that all measures are being
taken to ensure there are no disruption to Route1's customers and
business operations".
 
ABOUT ROUTE1 INC.
 
Route1 delivers award-winning security and identity management
solutions to customers world-wide. These solutions provide universal,
secure access to all digital resources and sensitive data. 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. Route1's patent-pending
solutions are based on FIPS-140-2 cryptographic modules, and simplify
the process of meeting increasingly stringent regulatory requirements
around privacy and security. Headquartered in Toronto, Route1 is
listed on the TSX Venture Exchange (symbol: ROI). For more
information, visit www.route1.com.
 
This news release is required by applicable Canadian laws and 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.
 
Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends",
"estimates", "targets", "envisions", "seeks" and other similar
language and are considered forward-looking statements or information
under applicable securities legislation. These statements are based
on Route1's current expectations, estimates, forecasts and
projections about the operating environment, legal environment,
economies and markets in which Route1 operates. These statements are
subject to important assumptions, risks and uncertainties, which are
difficult to predict and the actual outcome may be materially
different from those contemplated in forward-looking statements.
Unless otherwise required by applicable securities laws, Route1
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
 
©2009 All rights reserved. Route1, the Route1 Logo, Mobi, Route1
MobiKEY, Route1 TruOFFICE, Route1 PurLINK, Route1 EnterpriseLIVE, 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.
 
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.
 
Contacts:
Investor Relations:
Spinnaker Capital Markets Inc.
Ali Mahdavi
+1 416-962-3300
am@spinnakercmi.com
 
Route1 Inc.
Anthony Rzepka
Executive Vice President and CFO
+1 416-848-8391
ir@route1.com
 
Media Contact:
Route1 Inc.
Tanieu Tan, Director, Marketing and Communications
+1 416-814-2615
tanieu.tan@route1.com
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.