VANCOUVER, Jan. 9, 2014 /CNW/ - TIO Networks Corp. (TSX-V: TNC) ("TIO"), North America's leading expedited bill payment company, announces that it has granted incentive stock options to certain of its directors, officers, employees and consultants to purchase up to an aggregate of 2,923,500 common shares of TIO, exercisable until January 9, 2023 at a price of $0.55 per share, in accordance with the Company's Stock Option Plan. Of these stock options, 1,703,000 were granted to directors and executive officers of the Company.
The number of listed shares reserved for issuance under TIO's Stock Option Plan is 5,708,876 (10% of the issued and outstanding shares of TIO).
About TIO Networks Corp.
TIO is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 57,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure bill paying. TIO Connect offers fast and cost effective integration options that enable an organization to use their own internal IT staff, or utilize one of TIO's Independent Software Vendor (ISV) partners to complete the integration. For more information visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/TIONetworks or like us on www.facebook.com/TIONetworks.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from TIO's expectations and projections
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TIO Networks Corp.
For further information:
John Lewis, Business Development - TIO Networks
Email: [email protected]