Route1 Announces the Appointment of Major General (Ret.) Edward M. Reeder Jr. as a Board Director
October 02 2018 - 9:00AM
Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or
“Route1”), North America's most advanced provider of
industrial-grade data intelligence, user authentication and
ultra-secure mobile workforce solutions, today announced the
appointment of Major General (Ret.) Edward M. Reeder Jr. to its
board of directors.
Major General (Ret.) Edward M. Reeder Jr.
retired from the US Army in 2016 after nearly 35 years of
service. Reeder spent the last 30 years in uniform as a
Special Forces Officer commanding at every level in the US Army
Special Forces.
Reeder served as the Commanding General of the
US Army Special Forces Command, consisting of 15,000 Soldiers with
a USD $450 million operating budget. He was responsible for
manning, training, equipping, and deploying the elite US Army Green
Berets operating in 56 different countries each day.
Reeder also served as the Commanding General of
the US Army John F. Kennedy Special Warfare Center and School.
He was responsible for the entry level training of the
US Army Special Forces, Psychological Operations and Civil Affairs,
as well as, selected advanced training for the greater US Special
Operations community.
Some of Reeder’s other assignments have
included:
- Commanded Special Operations Task Force 32 (2nd Battalion, 3rd
Special Forces Group) in support of Operation ENDURING FREEDOM
Afghanistan in 2002 and again in 2003.
- Commanded the Combined Joint Special Operations Task
Force-Afghanistan (7th Special Forces Group) in support of
Operation ENDURING FREEDOM Afghanistan in 2006 and again in
2007.
- Planned, organized, established and served as the Commanding
General of the first Combined Forces Special Operations Component
Command-Afghanistan in support of Operation ENDURING FREEDOM
Afghanistan from 2009 to 2010. From 2014 to 2015, he served as the
Commanding General of the Special Operations Joint Task Force/ NATO
Special Operations Component Command-Afghanistan in support of
Operation ENDURING FREEDOM and Operation FREEDOM SENTINEL. The
Special Operations Joint Task Force consisted of 12,500 Soldiers,
Sailors, Airmen and Marines from 21 different countries with an
operating budget of USD $1.3 Billion. He was responsible for all US
and NATO Special Operations in Afghanistan.
Major General (Ret.) Edward M. Reeder Jr.
currently serves as the President and CEO of Five Star Global
Security. He also continues to serve as an advisor to SOCOM
training programs as well as providing his deep leadership
experience to students at University of North Carolina.
“I am honored to welcome Major General Reeder to
the board of directors of Route1,” said Michael D. Harris, Chairman
of Route1. “He brings a wealth of experience and knowledge and will
make an excellent addition to our board.”
Major General (Ret.) Edward M. Reeder Jr. has
been granted 1,000,000 stock options at an exercise price of $0.05
per share. The stock options expire on September 27, 2023 and will
vest thirty percent on the first anniversary, thirty percent on the
second anniversary and the remainder on the third
anniversary. Under the Company’s stock option plan, 10% of
the issued capital is reserved for issuance or a total of
36,139,600 options. As of today’s date, including the above
grant, a total of 35,689,000 options are currently outstanding
under the stock option plan.
About Route1 Inc.Route1,
operating under the tradename GroupMobile, is North America's most
advanced provider of industrial-grade data intelligence, user
authentication, and ultra-secure mobile workforce solutions.
The Company helps all manner of organizations, from government and
military to private sector, to make intelligent use of devices and
data for immediate process improvements while maintaining the
highest level of cyber security. Route1 is listed on the
OTCQB in the United States under the symbol ROIUF and in Canada on
the TSX Venture Exchange under the symbol ROI. For more
information, visit: www.route1.com.
For More Information, Contact:
Tony BusseriCEO, Route1 Inc.+1 416
814-2635tony.busseri@route1.com
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.
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.
© 2018 Route1 Inc. All rights reserved. No part
of this document may be reproduced, transmitted or otherwise used
in whole or in part or by any means without prior written consent
of Route1 Inc. See
https://www.route1.com/terms-of-use/ for notice of Route1’s
intellectual property.
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