RE:RE:RE:RE:RE:RE:Global Maxfin needs to revisit target price STOCKHOUSE POSTER SIMONQUINN SUED BY ROUTE1 INC
Route1 Announces Judgment in Defamation Lawsuit
TORONTO, ONTARIO--(Marketwire - Feb. 11, 2013) - Route1 Inc. (TSX VENTURE:ROI) ("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
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