Route1 Announces the Appointment of Major General (Ret.) Edward M. Reeder Jr. as a Board Director
TORONTO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- . (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.
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: .
For More Information, Contact:
Tony Busseri
CEO, Route1 Inc.
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.
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