TIO Networks Q1 2010 US$ Transaction Revenue Increases 11%
"29th Consecutive Quarter of Transaction Growth"
------------------------------------------------------------------------- % Growth % Growth in Transaction in CDN Transaction US Dollars Revenue Dollars Quarter Transactions Revenue ($US) vs. Q1/2010 ($CAN) vs. Q1/2010 ------------------------------------------------------------------------- Q1/2010 1,827,699 $4,671,282 $5,019,192 ------------------------------------------------------------------------- Q4/2009 1,780,121 $4,612,437 1.3% $5,229,768 (4.0%) ------------------------------------------------------------------------- Q1/2009 1,644,072 $4,210,108 11.0% $4,631,873 8.4% -------------------------------------------------------------------------
TIO generates income by facilitating expedited posting of payments from its billing integrations with major wireless, utility and cable providers. Historically, TIO's channel focus has been the "pay in person" marketplace; however, TIO's processing technology and suite of developer facing APIs (application programming interfaces) is enabling the company to offer its "last minute" bill payment processing services to new channels such as web and mobile.
TIO Networks serves the American consumer's growing reliance on expedited payment products to manage their everyday household budgets and avoid costly penalties.
All figures are preliminary and subject to adjustment when TIO reports its Q1, 2010 financial results on
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TIO Networks Corp.
TIO is the leading multi-channel expedited bill payment processor serving the largest Telecom, Wireless, Cable and Utility bill issuers in
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For further information: Behshad Hastibakhsh, Media Relations - TIO Networks, Tel: (604) 298-4636, Ext. 250, Toll Free: 1-888-679-3322, Email: [email protected]; John Lewis, Business Development - TIO Networks, Tel: (416) 364-2266, Toll Free: 1-877-954-6327, Email: [email protected]
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