TIO Q1 2012 US$ transaction revenue Increases 25%

"37 Consecutive Quarters of Transaction Growth"

VANCOUVER, Nov. 22, 2011 /CNW/ - TIO Networks Corp., (TSXV: TNC), North America's leading multi-channel expedited bill payment network today reported transaction volumes for the first quarter ended October 31, 2011.

Quarter Transactions Transaction
Revenue ($US)
% Growth in US
Dollars vs.
Q1/2012
Transaction
Revenue ($CAN)
% Growth in CDN
Dollars vs. Q1/2012
Q1/2012 4,253,377 $10,352,707 N/A $10,370,499 N/A
Q4/2011 4,101,536 $9,950,532 4.0% $9,617,642 7.8%
Q1/2011 3,618,969 $8,254,710 25.4% $8,507,533 21.9%

All figures are preliminary and subject to adjustment that will be confirmed when TIO reports its 2012 first quarter financial results.

TIO Networks Corp.

TIO is a cloud based multi-channel bill payment processor serving the largest Telecom, Wireless, Cable and Utility bill issuers in North America. With over 59,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payment services.

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:  416-523-7086
Email:  jrlewis@linearcapital.com


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