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Route1 Inc V.ROI

Alternate Symbol(s):  ROIUF

Route1 Inc. is a technology company that enables its clients with data-centric solutions. It brings security and operations together with real-time actionable intelligence to enhance safety and security, drive profitability and improve operational efficiencies. It is engaged in software development, network operations, and cybersecurity. It provides advanced data in a usable format from video capture technologies to enhance safety and security and improve operational efficiency. Its solutions include enterprise solutions and smart communities. Its AutoVu ALPR (advanced license plate recognition), manages its parking lots with pay-by-plate technologies. Its surveillance and video intelligence technology includes Omnicast, Stratocast, Body-Worn Cameras, In-Car Video and Synergis Access Control. Its Security Center Synergis IP access control connects to third-party access control devices. Its services include advisory and analysis, project management, design and engineering and others.


TSXV:ROI - Post by User

Bullboard Posts
Post by simonquinnon Feb 28, 2013 10:57am
172 Views
Post# 21055257

WHO WOULD BUY FROM THIS COMPANY? NO ONE

WHO WOULD BUY FROM THIS COMPANY? NO ONE

Lakeland Businessman Suing Canadian Company Over Breach of Contract, Theft

Published: Friday, November 9, 2012 at 10:53 p.m.
Last Modified: Friday, November 9, 2012 at 10:53 p.m.

LAKELAND | No, Canada!

Enlarge|

Ken Richardson claims he was cheated out of more than $100,000 in a Canada-based company named Route1.

CALVIN KNIGHT | THE LEDGER

A Lakeland businessman says an Ontario-based high-tech company has taken him for a $100,000 ride.

Ken Richardson, 57, a former Polk County commissioner, has been wrangling with Route1 in Toronto since 2008.

In late October, he sued the company in Bartow-based 10th Circuit Court, charging he is the victim of grand theft, fraud, breach of contract and deceptive and unfair trade practices

Richardson accuses Route1 of changing the terms of an investment agreement he had with it to sell a high-tech component. He said the bad business deal has just about bankrupted him and has forced him to sell personal possessions and cash-in a life insurance policy.

State Attorney Jerry Hill said Richardson's problems illustrate some of the dangers involved when doing business with foreign companies.

"You assume some risks when you deal with folks in a different jurisdiction," he said.

What's happened to Richardson may be criminal or may be cause of a civil case, Hill said

There's no question that the man was clearly wronged," he said. "But we do not have jurisdiction."

Repeated phone messages left by The Ledger this week for Route1 CEO Tony Busseri and President Brian Brunetti were not returned.

 

ACTIVATION DISAGREEMENT

The relationship between Richardson, his company Six X Telecom and Route1 started off just fine. Richardson said he was the chief Florida vendor for the company's MobiKEY device, which allows computer users to have controlled, remote access to their computer systems

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