TIO Networks Q3 2010 US$ Transaction Revenue Increases 83%

"31 Consecutive Quarters of Transaction Growth"

VANCOUVER, May 17 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North America's leading multi-channel expedited bill payment network today reported transaction volumes for the third quarter ended April 30, 2010.

    
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                          Transaction  % Growth in  Transaction  % Growth in
                            Revenue     US Dollars    Revenue    CDN Dollars
    Quarter  Transactions    ($US)     vs. Q3/2010     ($CAN)    vs. Q3/2010
    -------------------------------------------------------------------------
    Q3/2010    3,296,797   $8,038,687       N/A      $8,254,363       N/A
    -------------------------------------------------------------------------
    Q2/2010    2,031,393   $5,119,733       57%      $5,383,804       53%
    -------------------------------------------------------------------------
    Q3/2009    1,733,879   $4,390,473       83%      $5,467,526       51%
    -------------------------------------------------------------------------
    

Business growth with new and existing clients is accelerating and driving revenue and network growth.

The Company continues to aggressively 1- seek new biller relationships, 2- Activate additional location endpoints to its processing network, and 3- Drive new revenue growth in other channels of distribution such as mobile and online to serve America's increasing demand for expedited payment products and financial services.

All figures are preliminary and subject to adjustment that will be confirmed when TIO reports its third quarter financial results in June 2010.

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 20,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payments.

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: (888) 679-3322, Email: pr@TIOnetworks.com; John Lewis, Business Development - TIO Networks, Tel: (416) 364-2266, Toll Free: (877) 954-6327, Email: jrlewis@TIOnetworks.com


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