Strong Financial Returns Places TIO as one of TSX.V's Top Performing Tech Stocks
VANCOUVER, Feb. 25, 2016 /CNW/ - TIO Networks, (TSX-V: TNC) ("TIO"), North America's leading cloud-based bill payment processor, is pleased to announce it has been selected as one of the top 10 best performing technology stocks on the TSX Venture, securing a top spot on the 2016 TSX Venture 50.
"TIO is honoured to be selected as one of the best performing companies on the TSX Venture for this year," said Hamed Shahbazi, CEO of TIO Networks. "We have been very encouraged by the strong support we've received from analysts and shareholders. We feel that is a clear validation of TIO's organic and inorganic growth plan."
The 2016 TSX Venture 50 ranking is comprised of 10 companies from five industry sectors: mining, oil & gas, technology & life sciences, diversified industries and clean technology. Companies selected are judged on the criteria of market capitalization, growth, share price appreciation, trading volume and analyst coverage.
TIO ranked second overall in the technology sector with a market capitalization growth of 156 per cent, or over $81 million. From December 2014 to December 2015 TIO's share price appreciated by 147 per cent and was covered by seven different analysts.
Watch the 2016 TSX Venture 50 video profiles at www.TSX.com/Venture50
About TIO Networks
TIO Networks is a cloud-based multi-channel bill payment processing and receivables management company, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments outside of the traditional bank channel, via self-service kiosk, retail walk-in, mobile, and web solutions. With over 65,000 endpoints in its processing network, TIO symbolizes fast, convenient, and secure access to expedited bill payment services.
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The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
FORWARD-LOOKING INFORMATION AND DISCLAIMERS
This news release contains certain forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws, including, without limitation, the effect of the strategic investment and commercial opportunities afforded by the new products, services and relationships announced herein.
Although TIO believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties that may cause actual results or events to differ materially from those anticipated and no assurance can be given that these expectations will be realized, and undue reliance should not be placed on such statements.
Forward-looking statements and information are based on the beliefs, assumptions and expectations of TIO's management on the date of this news release, and TIO does not assume any obligation to update any forward-looking statement or information should those beliefs, assumptions or expectations, or other circumstances change, except as required by securities law. Any websites referenced or linked in this press release are for convenience only and TIO does not endorse such websites nor assume any liability for the information contained therein.
SOURCE TIO Networks Corp.
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