BURNABY, BC, Jan. 5 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North
America's leading multi-channel expedited bill payment processor, today
announced that effective December 30, 2008, it has agreed to grant incentive
stock options to certain of its directors, executives and employees, to
purchase up to 2,743,500 common shares of the Company, exercisable at a price
of $0.30. Of these stock options, 1,855,000 were granted to directors, senior
executives and certain advisors of the Company. Stock options granted to
directors and senior executives are exercisable until December 30, 2013 and
options granted to employees are exercisable until December 30, 2011.
The number of listed shares available for issuance under the Company's
Stock Option Plan is 4,610,697.
ABOUT TIO NETWORKS CORP.:
TIO Networks Corp. powers the "Walk Up Financial Services" marketplace
with thousands of leading edge automated self-service and clerk assisted
solutions. TIO owns the largest and most convenient national network of cash
accepting ATMs for bill payment and prepaid services for the 'cash preferred'
consumer marketplace in North America. TIO symbolizes fast, convenient, safe
and secure access to key financial services. For more information, please
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy.
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