Route1 Announces 2022 Annual General and Special Meeting Results

TORONTO, ON / ACCESSWIRE / November 30, 2022 / Route1 Inc. (TSXV:ROI) (the "Company" or "Route1"), an advanced North American provider of turn-key engineering and professional services, today announced that it received approval for four of five proposals submitted to shareholders at the Company's annual general and special meeting of shareholders (the "Meeting"), which was held earlier today in Toronto, Canada.

The matters voted on and approved are as follows:

1. Tony P. Busseri, Peter F. Chodos, Michael F. Doolan, Michael D. Harris and John Marino were re-elected as the Company's Directors. Following the Meeting, the Board of Directors met and selected Mr. Harris to continue to serve as Chairman of the Board of Route1;
2. RSM Canada LLP were appointed as the Company's auditors in respect of the year ending December 31, 2022;
3. Route1's long-term incentive plan ("LTIP"); and
4. Settlement of debt owed to Tony P. Busseri, Michael F. Doolan, David A. Fraser, Michael D. Harris, John Marino, Edward M. Reeder, Jerry Iwanski, Peter F. Chodos, and Alex Shpurov through the issuance of up to 2,787,693 common shares of the Company.

The matters voted on and not approved is as follows:

1. Grant of certain incentive awards granted to certain employees, directors, officers and consultants of the Company and its affiliates.

About Route1 Inc.

Route1 Inc. is an advanced North American engineering and professional services company using data capture technologies. We bring security and operations together with real-time actionable intelligence to enhance safety and security, drive greater profitability and improve operational efficiencies. With a deep-rooted background in software development, network operations, and cybersecurity, Route1 brings a unique and valuable approach to the turn-key engineering and professional services arena. Route1's services follow a complete life-cycle model, ensuring the evolution of your technology to meet your desired outcomes. Route1 is listed in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: www.route1.com.

For More Information, Contact:

Tony Busseri
President and Chief Executive Officer
[phone]
[e-mail]

This news release, required by applicable Canadian laws, 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.