TIO Networks Reports 2009 Third Quarter Transaction Revenue Increases 63%



    "27th Consecutive Quarter of Transaction Growth"

    BURNABY, BC, May 21 /CNW/ - TIO Networks Corp., owner of North America's
leading multi-channel expedited bill payment network, (TSX-V: TNC), today
provided transaction revenue results for the third quarter ended April 2009.

    
    -------------------------------------------------------------------------
                                          % Growth                  % Growth
                           Transaction     in US     Transaction     in CDN
                             Revenue      Dollars      Revenue      Dollars
    Quarter  Transactions     ($US)      vs. Q3/09     ($CAN)      vs. Q3/09
    -------------------------------------------------------------------------
    Q3/2009     1,733,879   $4,390,473        N/A     $5,467,526        N/A
    -------------------------------------------------------------------------
    Q2/2009     1,668,571   $4,265,470        2.9%    $5,234,402        4.5%
    -------------------------------------------------------------------------
    Q3/2008     1,540,187   $3,340,918       31.4%    $3,358,879       62.8%
    -------------------------------------------------------------------------
    

    Growing consumer demand for the Company's expedited bill payment products
is creating strong demand within the payment industry and driving network and
revenue growth. The Company continues to aggressively seek new bill payment
products, network partners, and add new distribution platforms to serve
America's increasing reliance on expedited payment products and financial
services.
    All figures are preliminary and subject to adjustment that will be
confirmed when TIO reports 2009 third quarter financial results in June 2009.

    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 12,000 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




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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890