TIO Networks Q1 2010 US$ Transaction Revenue Increases 11%

"29th Consecutive Quarter of Transaction Growth"

VANCOUVER, Dec. 10 /CNW/ - TIO Networks Corp., (TIO), owner of North America's leading multi-channel expedited bill payment network, (TSX-V: TNC), today provided transaction revenue results for the first quarter ended October 2009.

    
    -------------------------------------------------------------------------
                                                                    % 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 Tuesday December 22, 2009. A conference call for investors and analysts will be held the same day at 1:30pm EST. Hamed Shahbazi, Chairman and CEO and Derek Lai, Acting CFO will review the financials and provide a corporate update.

To participate in the conference call please dial, (416) 644-3426 in Toronto, or Toll free, 1-800-731-5319. Callers should request the TIO Networks Conference. Complete financial results will be available prior to the call at www.sedar.com.

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 18,000 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

SOURCE TIO Networks Corp.

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, Toll Free: 1-877-954-6327, Email: jrlewis@TIOnetworks.com


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