"TIO has formulated a multi-pronged program to enable Shell-branded
retailers and wholesalers to tap into the evolving market for expedited
bill payment services and other prepaid products"
BURNABY, BC, June 12 /CNW/ - TIO Networks Corp., (TSX.V-TNC), North
America's leading automated bill payment and financial services network, today
announced a marketing campaign to promote TIO Financial Services through the
STARZ (Shell Trading and Retail Zone) program. Shell-branded retailers and
wholesalers may opt into the program and have the option of offering TIO's
award winning services to customers through a number of formats including cash
accepting kiosks, cash accepting hybrid ATMs and a cost effective web-based
clerk assisted solution.
By offering the TIO services, Shell-branded wholesalers and retailers
will be able to tap into and generate incremental revenues from the US' large
unbanked population. Depending on the type of TIO program being employed,
Shell customers will be able to make time-sensitive wireless, utility, cable
and other bills, conduct ATM transactions, purchase prepaid long distance
and/or wireless top-up and/or conduct a host of other transactions
specifically formulated for the cash preferred demographic.
Participating Shell-branded retailers will benefit from the transactional
revenues and increased store loyalty generated by the TIO services, which are
specifically formulated for the cash preferred consumer marketplace.
TIO Networks will offer the various TIO programs as a new product
category. STARZ is the Shell web based resource center where Shell-branded
wholesalers and retailers can access news, information, business services,
resources and products and equipment that add value to their businesses.
"We are honored to continue the expansion of the TIO Network with STARZ.
Shell is one of the most readily recognized brands in the industry, enabling
TIO to better serve the cash-preferred and unbanked consumer market place",
said Hamed Shahbazi, Chairman and CEO of TIO Networks.
About Shell Oil Products
Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in
the refining, transportation and marketing of fuels, and has a network of
approximately 6,000 Shell-branded gasoline stations in the western United
States. Shell Oil Company is an affiliate of the Shell Group (NYSE: RDS.A and
NYSE: RDS.B). Motiva Enterprises LLC refines and markets branded products
through approximately 7,700 Shell-branded stations in the Eastern and southern
U.S. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along
with Saudi Refining, Inc.
About TIO Networks Corp.
TIO Networks Corp. is North America's largest multi-retailer network of
non bank financial services for the 'cash preferred' consumer marketplace. The
Company operates in more than 2000 locations and provides safe secure access
to bill payment and other 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: 1-888-679-3322, Email:
pr@TIOnetworks.com; John Lewis, Business Development - TIO Networks, Tel:
(416) 364-2266, Email: jrlewis@TIOnetworks.com