The header on the board is very out-of-date but I suppose it doesn't matter because I seem to be the only one left following Route 1 or (their new trade name) GroupMobile It's All About The Data.
There is a patent lawsuit underway that may provide a windfall to this company, if successful.
They have diversified and actually had positive cash flow this past quarter.
May be better days ahead.
Hi I found this good article discussing the protection of our website from hackers
We should implement a WAF plugin to increase security and should use updated plugins to avoid loop holes.
Re-upped at 19 today, get it while you can in this range:
Sep 30, 2010 14:25 ET
Route1 Announces Successful Completion of U.S. Navy Reserve DEFIMNET® Pilot Project
TORONTO, ONTARIO--(Marketwire - Sept. 30, 2010) - Route1 Inc. (TSX VENTURE:ROI) ("Route1" or the "Company"), a digital security and identity management company, today announced the successful completion of the pilot project to deploy the Company's DEFIMNET® platform, TruOFFICE® application software, and MobiKEY Fusion™ devices to the U.S. Navy Reserve Forces Command ("RESFOR"). The MobiKEY Fusion™ device is based on the Giesecke & Devrient StarSign Mobility Token. The project was first announced on March 2, 2010.
The pilot successfully demonstrated increased flexibility for RESFOR personnel who require secure access to internal systems and digital resources when physical access to their normal working facilities and equipment is not possible or practical. There were multiple test scenarios including the ability to access the Navy Marine Corps Intranet ("NMCI") systems and resources from multiple remote locations. Participants used their MobiKEY Fusion™ device from hotels, WIFI hotspots including at 37,000 feet on a commercial airliner, libraries, home and commercial networks.
According to feedback from RESFOR, the pilot project's outcome exceeded expectations.
"The very positive result of this pilot project is a significant step forward for Route1. It strengthens our relationships with the U.S. military and demonstrates the effectiveness of our platforms, software and devices anywhere where high assurance remote access is needed," said Tony Busseri, President and Chief Executive Officer, Route1 Inc. "We look forward to finalizing the terms of procurement with RESFOR, and the Navy as an enterprise, for the use of Route1's solution in a working environment."
"Giesecke & Devrient helps its customers and partners secure their applications by offering a broad portfolio of security solutions. The Mobility Token technology provides a secure remote platform for mobile users. It also corresponds to the stringent demand of the U.S. Navy for their reserve personnel," said Dr. Kai Grassie, Group Senior Vice President and Head of New Business Division of Giesecke & Devrient GmbH in Munich.
The Navy's Designated Accrediting Authority has completed its review of the DEFIMNET® platform and earlier this month provided an interim authority to test ("IATT") for the DEFIMNET® platform. The DEFIMNET® platform has since then been connected to NMCI and a group of RESFOR participants have conducted the pilot project. The RESFOR pilot included the implementation, accreditation for IATT, and deployment on the NMCI network of Route1's DEFIMNET® platform at a U.S. Navy Operations Center. The DEFIMNET® platform is currently configured for 2,500 concurrent users and is scalable to meet the more than 300,000 potential DEFIMNET® users that have been identified within the U.S. Navy.
The Route1 DEFIMNET® platform is an information assurance and service delivery platform that enables high-security remote access to enterprise networks. It is designed to reside within all levels of classified and unclassified networks. Built on a foundation of information assurance through identity management and encryption, the DEFIMNET® platform allows entitlement-based access to resources, such as C4ISR systems, from anywhere and at any time. Personnel are authenticated by the DEFIMNET® platform using their MobiKEY Fusion™ device that supports U.S. Department of Defense-issued common access cards ("CAC").
Route1 TruOFFICE® is secure remote access application software. It uses identity management and entitlement-based access to reliably connect remote users to their workspace (office computer, desktop and digital applications) from any location in the world.
MobiKEY Fusion™ is an identity validation device that supports identity cards such as a CAC. This multi-factor authentication device combines physical possession of the MobiKEY™ and an identity card, with computer and network access. The Route1 MobiKEY Fusion™ device offers all the security features of the Route1 MobiKEY Classic™ device with added factors of authentication to simplify the access component while Route1's MobiNET® or DEFIMNET® platform universally manages the identities of users and entitlement to digital resources. Users can only access systems with a combination of their MobiKEY Fusion™ device, identity or access card and secret password or PIN.
ABOUT ROUTE1 INC.
Route1 delivers industry-leading security and identity management solutions to corporations and government agencies who 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.
ABOUT GIESECKE & DEVRIENT GMBH
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. With a headcount of more than 10,000 employees, the Group generated sales of EUR 1.7 billion in fiscal 2009. Founded in 1852, G&D is a global market leader and pioneering innovator in banknote production and processing, smart card solutions and services for telecommunications and electronic payment, and security documents and identification systems. 65 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide. For more information, visit our website at: www.gi-de.com.
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.
Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Route1's current expectations, estimates, forecasts and projections about the operating environment, legal environment, economies and markets in which Route1 operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. Unless otherwise required by applicable securities laws, Route1 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
©2010 All rights reserved. Route1, the Route1 Logo, Mobi, Route1 MobiKEY, Route1 TruOFFICE, Route1 PurLINK, Route1 EnterpriseLIVE, and Route1 MobiNET 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Capital Markets Advisor
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Kobil is launching the mobikey device.
Looks very professional.
This thing's gonna take off
when the Kobil orders kick in.
Sick money when it kicks in.
Route 1 will be bought out.
Check out This video by KOBILT
Looks like Kobil
is in "launch mode with the mobikey"
Sick money to make on this stock.
Vancouver Venture exchange.
OfficIal filings of the company .
Click on view this company's documents
Overall this stock could easily shoot to 20 cents
and if President Obama decides to dramatically
increase the number of employees who telecommute
then the sp could go even further.
Definitely a take over target possibility.
lINKS TO ARTICLES ABOUT TELECOMMUTING work from home remote access office computers
Keep a close eye on Route 1
Here is something that I read on another messageboard.
Some guy did an analysis of the numbers..etc etc
Latest quarterly statement:
with projections of increased subscriptions
If the company has a total of 90,000 subscriptions
the recurring revenue brut before any costs is 15 million?
Actual cost of the keys plus shipping to the customer is
copied from the statement
Gross margin increased by $300,280 for the period to $317,982 or 73 percent as a percentage of revenues
27% of 15 million is $4,050,000 million is the cost of the keys+shipping
.73 x $15,000,000= $10,950,000 is the brut profit
If the total administrative costs per quarter
are the same as the last quarter
the last quarterly total adm cost was
>>>copied from the last statement
Operating expenses decreased by 25% or $427,151 for the period to $1,265,276 total adm cost last qtr
Multiply that by 4 you get total adm costs for 1 year if the adm
costs remain the same per quarter
Estimated adm cost for the next 4 quarters= $5,061,104
$5,061,104.00adm costs + $4,050,000keycosts = $9,111,104
Subtract total costs of $9,911,104
from $15,000,000 in recurring revenues from 90,000 keys
$ 5,088,896 would be the profit
which is a net profit margin of 33.925973%of revenue
divide that by the float of 350,390,000 shares
actual projected eps would be .0145235
Actual share price of .055 is trading at 3.78 times forecasted profits for
the next 12 months.
If the share was trading at 15 times forecasted earnings
then it would be trading at a price of $. 21
If the share was trading at 10 times forecast
then it would be at .14
DISCLAIMER #1: This forecast of course was written by a fan_of_beer_and_prosciuto with
neglible knowledge of forensic accounting and I am assuming
that if indeed the company would announce an increase in subscriptions to 90,000
that the subscription income would kick_in very quickly and that the adminstrative costs
would be kept exactly where they are or will come down even lower.
Conclusion: Present price of .055 represents 35.71% of target price of .14
Lack of traction could change if company announces
more prescriptions and offers a guidance/update on adm cost controls.
If market sees costs coming down, subscriptions going up
then the market will pay a bit more for the share .
Volume for the last 100 days has been bullish.
Average daily volume for the last 40 days is bullish.
Price spread on a daily basis has been very tight
suggesting that buyers and sellers are not chasing
or dumping shares.
Recent decision to offer options to insiders to buy shares at .07 suggests that something is about to happen.
What does the mobikey do?
Video of a product demonstration: