TIO Networks - 2009 Fourth Quarter Transaction Revenue

    "28th Consecutive Quarter of Transaction Growth"

    BURNABY, BC, Sept. 10 /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 fourth quarter ended July

                                                                    % Growth
                                           % Growth in  Transaction  in CDN
                               Transaction  US Dollars    Revenue    Dollars
     Quarter    Transactions  Revenue ($US) vs. Q4/09     ($CAN)    vs. Q4/09
     Q4/2009     1,780,121     $4,612,437       N/A     $5,229,768       N/A
     Q3/2009     1,733,879     $4,390,883      5.0%     $5,468,028     (4.4%)
     Q4/2008     1,619,454     $3,938,853     17.1%     $3,981,271     31.4%

    The Company achieved quarterly transaction growth of 5% over the previous
quarter and 17% over the previous year. In the past 30 days TIO has processed
approximately 590,000 transactions valued at $48 million US. All figures are
preliminary and subject to adjustment that will be confirmed when TIO reports
2009 fourth quarter and annual financial results for the year ended July 31,

    Network Update

    Subsequent to the quarter end the TIO Network surpassed 18,000
transaction endpoints with the activation of 5,000 new endpoints from the
previously announced agreement with Budget Prepay to offer the Company's
wireless, utility and cable bill payment processing services.
    The Company continues to seek new network partners and bill payment
products to increase its transaction endpoints and suite of financial

    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

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

Organization Profile

TIO Networks Corp.

More on this organization

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