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Route1 Inc. Announces Intention to Make a Normal Course Issuer Bid

TORONTO, CANADA--(Marketwire - Feb. 27, 2012) - Route1 Inc. (TSX VENTURE:ROI) a security and identity management company, today announced its intention to make a Normal Course Issuer Bid ("NCIB") to buy back its common shares through the facilities of the TSX Venture Exchange ("Exchange"). The NCIB has received Exchange approval.

The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 10% of the common shares in the public float on the date that the Exchange approves the NCIB. Based on the 354,809,944 common shares in the public float as at February 17, 2012, the maximum number of shares would be 35,480,904. Route1 notes that the number of shares in the public float is less than the number of issued and outstanding common shares because the public float number does not include common shares held by Route1 insiders.

Purchases under the NCIB are expected to take place during the 12 month period commencing February 29, 2012 and ending February 28, 2013, or the date upon which the maximum number of common shares have been purchased by Route1 pursuant to the NCIB.