Route1 Inc. (”Route1″ or the “Company”) (TSX VENTURE: ROI), a security and identity-based services company, today took action to correct previously granted stock options to directors, officers and employees. A review by the TSX Venture Exchange found that approximately 10,000,000 stock options granted between April 27, 2006 and the Companys most recent annual meeting held on September 24, 2009 were granted below the minimum exercise price allowable by the policies of the TSX Venture Exchange or were not publicly disclosed.
As a result of the non-compliance of the stock option grants referred to above, the board of directors (the “Board”) of the Company has cancelled the 6,241,646 outstanding options to directors and employees. Also, following the election of the new board of directors at the Companys annual and special meeting of shareholders, the 3,550,730 options to purchase common shares of the Company held by the outgoing board of directors expired on December 24, 2009 and another 3,700,000 options granted to a former officer of the Company expired on January 27, 2010, ninety days following the termination of such former officer.
After the above, all non-compliant stock options granted by the Company during the noted period have either been cancelled or have expired. The Company currently has 8,000,000 stock options outstanding.
The Board is reviewing compensation arrangements for all employees of Route1 during the first quarter of the 2010 calendar year. As part of the compensation review, the Board expects to issue new stock options that meet all regulatory requirements.
The Company has adopted policies and procedures to ensure all future stock option grants are in compliance with TSX Venture Exchange policies.
LEIDEN, Netherlands SOUTHLAKE, Texas — IntelliMagic announces IntelliMagic Balance as the first volume
migration optimization solution for z/OS environments.
IntelliMagic Balance is used during the implementation planning phase of
a storage migration. It calculates the optimal layout of volumes across
the new storage resources.
Moving data to new storage hardware using IntelliMagic Balance will
significantly impact the Return on Investment (ROI) of storage hardware.
Dr. Gilbert Houtekamer, CEO of IntelliMagic, says: “If you distribute
the volumes intelligently over the RAID array groups such that all array
groups are used more or less equally, this can easily translate to a 30%
higher throughput potential compared to manual, non-optimized placement.”
Improved balance will also result in better service levels as the risk
of creating I/O performance hotspots is minimized. If data placement is
optimized this can mean less expensive hardware can be purchased, or the
lease period for the new hardware can be four to five years instead of
three to four years.
IntelliMagic Balance can also be used to implement multiple tiers of
storage, automatically segmenting workloads by the tier of storage that
will provide the performance characteristics required. This supports the
design of a tiered storage environment with different sizes of SATA
drives, Fibre drives, and/or Solid State Drives (SSDs). Implementing
SSDs for the most active workloads not only provides better performance
for the workloads on SSD, but will also decrease the hardware
requirements for the other tiers by lowering the average back-end
activity on those tiers.
XenDesktop with FlexCast Delivery Technology Advances Scalability
Across Multiple Desktop Virtualization Models to Significantly Improve
ROI
SANTA CLARA, Calif. — Citrix Systems, Inc. (NASDAQ: CTXS) today announced dramatic
improvements in scalability across multiple virtual desktop delivery
models to address the needs of every user in the enterprise at a
significantly lower cost. Citrix
XenDesktop™ 4 with FlexCast™ delivery technology has now been
verified to deliver up to 125 VDI-based desktops, 500 hosted shared
desktops and 5,000 local streamed desktops from a single physical server
tuned to take advantage of the unique innovations of the latest Intel®
Xeon® processor™ 5500 technology. These numbers represent orders of
magnitude higher scalability than first generation VDI-only products,
enabling IT organizations to deploy desktop virtualization solutions
enterprise wide with less datacenter infrastructure and significantly
lower operating costs1. The new scalability data and testing
methodology is available today in a new desktop virtualization reference
architecture.
This advancement in virtual desktop scalability is especially
significant because it enables enterprises to deliver virtual desktops
to more users at a far lower cost. “The performance and consolidation
levels achievable by XenDesktop, deployed on Intel® Xeon® 5500 processor
based servers, are significant and compelling,” said Iddo Kadim,
director of virtualization technology for Intel’s Data Center Group.
“When combined with FlexCast delivery technology to deploy user-attuned
desktop virtualization solutions to the full range of PCs in an
enterprise, including rich desktops and laptops based on the Intel®
Core™ vPro™ processor family, it offers enterprise IT the opportunity to
balance cost, control and flexibility.”
The latest Citrix scalability tests were carefully designed to use a
mainstream server configuration. Desktop workload simulations
incorporated a real-world mix of line-of-business apps, office
productivity apps, web browsing and multimedia. The results demonstrate
that XenDesktop 4 with FlexCast can deliver up to 40 times more users
(5,000 per physical server) than competing solutions which only support
VDI-based desktops and max out at just over 100 users per physical
server. This makes XenDesktop the only solution on the market that can
truly deliver enterprise-wide virtual desktop deployments in a
cost-effective way. With XenDesktop 4, desktop virtualization can now be
implemented with 20 percent lower infrastructure costs.
“We are impressed with the hosted virtual desktop
scalability improvements Citrix has achieved with next-generation
technology from Intel,” said Phil Grove, global director, End User
Services at CSC. “With the new Intel technology in our engineering
laboratories,” he added, “we have seen significant performance
improvements in our CSC Dynamic Desktop offering, which is powered by
XenDesktop. These kinds of Improvements in the economics of desktop
virtualization from Citrix will help our joint customers move forward
with large-scale deployments this year.”