NEW YORK, Oct. 4, 2012 /CNW/ - TIO Networks Corp., (TSXV: TNC) ("TIO"),
North America's leading expedited bill payment company, announced today
that it has engaged Hayden IR, a respected US national investor relations firm, to develop and
implement a strategic program to raise TIO's visibility and strengthen
its relationships with the investment community.
"We are thrilled to be working with the highly-esteemed team at Hayden
IR to raise TIO's profile with the US investment community," said Hamed
Shahbazi, Chairman and CEO of TIO Networks. "The vast majority of TIO's
business takes place in the US and our cloud-based technology is poised
to have a huge impact on America's growing underbanked population."
With offices in New York, Phoenix, Minneapolis and Seattle, Hayden IR
provides a comprehensive range of investor relations services to a
growing list of clients. For more than a decade, Hayden IR has been a
recognized leader in driving market recognition and creating
sustainable competitive advantages for more than 200 micro and
small-cap companies. Hayden delivers expertise and professionalism in
such areas as investor management, relationship building, awareness
campaigns, online presence and corporate identity.
"TIO Networks has compelling technology in the rapidly growing digital
payment industry," said Brett Maas, managing partner at Hayden IR's New
York office. "With a proven business model featuring significant
recurring revenue, TIO creates long-term visibility. We believe TIO
Networks represents an exciting market opportunity as payments
increasingly move to digital, and specifically mobile platforms."
The Company's services, like TIO Connect, provide robust back-end solutions to billers, helping them create
powerful and integrated digital payment programs that are both time and
cost efficient. TIO enables billers to accept a wider range of payment
methods including debit, credit or cash. Its mobile app, TIO MobilePay also offers customers a more convenient bill pay solution with the
option of real-time processing.
By serving a wide range of bill issuers, from small to large, the
Company has access to a broad array of potential customers in verticals
such as insurance, auto payments and rental housing. TIO will pay
Hayden IR a monthly fee of $5,500.00 for the one-year term of the
consulting agreement, which may be extended upon mutual agreement of
the parties. In addition it will issue 150,000 common share stock
options, have an exercise price of $0.35, and shall vest quarterly over
the one-year term of the contract. The options will expire on October
About: TIO Networks
TIO is a cloud-based bill payment processor serving the largest telecom,
wireless, cable and utility bill issuers in North America. With more
than 60,000 endpoints, TIO symbolizes fast, convenient and secure bill
paying. Visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/tiobillpay or Like us on www.facebook.com/TIOWallet.
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy. Any transaction
described herein may be subject to approval of the TSX Venture
SOURCE: TIO Networks Corp.
For further information:
Brett Mass, Hayden IR
John Lewis, Business Development - TIO Networks