TIO Networks announces fiscal 2009 second quarter transaction and revenue results



    "Q2 2009 REVENUE UP 65% YEAR OVER YEAR AND UP 13% OVER Q1, 2009"

    BURNABY, BC, Feb. 24 /CNW/ - TIO Networks Corp., owner of North America's
leading multi-channel expedited bill payment network, (TSX-V: TNC), today
provided transaction and revenue results for the second quarter ended January
2009.

    
    -------------------------------------------------------------------------
                                          % Growth                  % Growth
                                             in US                    in CDN
                            Transaction    Dollars   Transaction     Dollars
    Quarter  Transactions  Revenue ($US)  vs. Q2/09  Revenue ($CAN) vs. Q2/09
    -------------------------------------------------------------------------
    Q2/2009   1,668,571     $4,265,470       N/A     $5,234,402        N/A
    -------------------------------------------------------------------------
    Q1/2009   1,644,072     $4,210,108      1.31%    $4,631,873      13.01%
    -------------------------------------------------------------------------
    Q2/2008   1,535,151     $3,209,414     32.90%    $3,156,378      65.84%
    -------------------------------------------------------------------------
    

    Growing consumer demand for TIO's expedited bill payment products is
creating strong demand within the payment industry and driving network and
revenue growth. The Company continues to aggressively seek new bill payment
products, network partners, build on its suite of financial services and add
new distribution platforms and endpoints to serve America's increasing
reliance on expedited payments.
    All figures are preliminary and subject to adjustment that will be
confirmed when TIO reports 2009 second quarter financial results in March
2009.

    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 12,000 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.
    

    %SEDAR: 00010068E




For further information:

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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