TIO NETWORKS Q3 2011 US$ TRANSACTION REVENUE INCREASES 19%

"35 CONSECUTIVE QUARTERS OF TRANSACTION GROWTH"

VANCOUVER, May 17 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North America's leading multi-channel expedited bill payment network today reported transaction volumes for the third quarter ended April 30, 2011.

Quarter Transactions Transaction
Revenue ($US)
% Growth in US
Dollars vs.
Q3/2011
Transaction
Revenue ($CAN)
% Growth in CDN
Dollars vs.
Q3/2011
Q3/2011 3,937,100 $9,524,471 N/A $9,270,561 N/A
Q2/2011 3,849,991 $8,564,865 11.2% $8,605,477 7.7%
Q3/2010 3,296,797 $8,038,687 18.5% $8,254,363 12.3%

All figures are preliminary and subject to adjustment that will be confirmed when TIO reports its 2011 third quarter financial results.

TIO Networks Corp.

TIO is the leading multi-channel expedited bill payment processor serving the largest Telecom, Wireless, Cable and Utility bill issuers in North America. With over 58,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payments.

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.

 

 

SOURCE TIO Networks Corp.

For further information:

Behshad Hastibakhsh, Media Relations - TIO Networks    
Tel:  604.298.4636, Ext. 250
Toll Free: 888.679.3322
Email:  pr@TIOnetworks.com

John Lewis, Business Development - TIO Networks
Tel:  416-364-2266
Email:  jrlewis@TIOnetworks.com


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