Route1 Inc. Announces Terms of Previously Announced Private Placement

TORONTO, Feb. 27 /CNW/ - Route1 Inc. (TSX-V: ROI) announced today that it
has priced the previously announced private placement of units (the "Units")
for total gross proceeds of approximately $5,000,000. The Units have been
priced at $0.12 per Unit.
Each Unit is comprised of one common share and one common share purchase
warrant (a "Warrant"). Each whole Warrant is exercisable into one common share
at a price of $0.155 per share for a period of 2 years from the date of the
closing of the private placement.
The Units to be sold pursuant to the private placement will be subject to
resale restrictions pursuant to applicable securities law and stock exchange
requirements. The private placement financing is scheduled to close on or
about March 9, 2006 and is subject to the completion of a definitive agency
agreement with Westwind Partners Inc. and the receipt of all required
regulatory and other necessary approvals.
"We are extremely pleased with the level of interest we have received
from institutional investors, both from those who participated in this round
as well as those who are now following our company's progress," said K. Andrew
White, CEO, Route1 Inc.

About Route1 Inc.

Route1 is an innovator in secure, mobile-thin clients. The Company's Mobi
Solution bridges the gap between business agility and data security allowing
individuals and organizations to assuredly support their mobile office,
regulatory compliance, business growth and business continuity needs. Route1's
solution consists of unique mobile devices and software integrated with a
managed secure connectivity service. The Company is listed on the TSX Venture
Exchange (symbol: ROI) with offices in Toronto and New York.

This news release 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.

The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for the adequacy or
accuracy of this press release.