Route1 Announces Judgment in Defamation Lawsuit
TORONTO, ONTARIO, Feb 11, 2013 (Menafn - Marketwire via COMTEX) --Route1 Inc. ("Route1" or the "Company"), a security and identity management company, today announced that it has recently received a final Judgment from the Ontario Superior Court in court file number CV 12-460481, filed against Mr. Bruce Prince on August 3, 2012. Mr. Justice Stinson awarded 200,000 in general damages for defamation and granted a permanent injunction restraining Mr. Prince from publishing defamatory statements about Route1's CEO Tony Busseri on the internet. Mr. Prince had posted a series of defamatory statements about Mr. Busseri on Stockhouse anonymously under the moniker "simonquinn". Route1 was able to verify the identity of Mr. Prince and obtained an interim injunction to restrain him from making further defamatory postings. Route1 was awarded costs of 5,300 on the motion for an interim injunction and costs of 3,500 on the motion to obtain Judgment.
Route1 is taking steps to enforce the monetary component of Judgment and the prior costs award.
ABOUT ROUTE1, INC.
Route1 delivers industry-leading security and identity management solutions to enterprises worldwide, such as businesses, government and military, which need universal, secure access to all digital resources and sensitive data. These customers depend on The Power of MobiNET - Route1's communications and service delivery platform. MobiNET provides identity assurance and individualized access to networks and data. Route1's patented solutions are based on FIPS 140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements for privacy and security. Headquartered in Toronto, Canada, Route1 is listed on the TSX Venture Exchange.
For more information, visit our website at: www.route1.com.
This news release contains statements that are not current or historical factual statements that may constitute forward-looking statements. These statements are based on certain factors and assumptions, including, expected financial performance, business prospects, technological developments, and development activities and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources.
This news release, 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.
(C) Route1 Inc., 2013. All rights reserved. Route1, the Route1 and shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1 MobiVDI, MobiKEY, PurLINK, MobiLINK, MobiKEY IBAD, DEFIMNET, MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion, EnterpriseLIVE, EnterpriseLIVE VO, MobiNET Agent, MobiKEY Classic and MobiKEY Classic 2, 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 DEFIMNET and MobiNET platforms and the MobiKEY, MobiKEY Classic and MobiKEY Fusion devices are protected by U.S. Patents 7,814,216 and 7,739,726, and other patents pending.
FOR FURTHER INFORMATION PLEASE CONTACT: Route1 Inc. Ali Mahdavi Capital Markets Advisor 1 416-962-3300 ali.mahdavi@route1.com www.route1.com
SOURCE: Route1 Inc.
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