TIO Networks Named One of Canada's Fastest-Growing Companies by PROFIT 500

VANCOUVER, British Columbia, June 5, 2013 /CNW/ - TIO Networks Corp., (TSX-V: TNC) ("TIO"), North America's leading bill pay technology provider, today announced it was named one of Canada's Fastest-Growing Companies on the annual PROFIT 500 list recently released by PROFIT Magazine. The PROFIT 500 ranking recognizes entrepreneurs and their businesses for their achievements and contributions to Canada.

"We are honoured to be included in the PROFIT 500 ranking," said Hamed Shahbazi, CEO of TIO Networks. "TIO's growth is a result of having a unique vision from the start and a dedicated team to execute the vision over the years."

PROFIT 500 recognizes companies that dominate their markets, have been hyper-prolific employers and have grown exponentially at a time when the economy was stagnated. PROFIT specifically describes the performance of the companies documented in the PROFIT 500 list as "spectacular" given the backdrop of the financial recession we have been in since 2007.

TIO Networks Corp. has been recognized for their 214 per cent revenue growth in a five-year period, for employing 78 full-time employees and placed at ranking No. 267. Companies on the list have also been ranked by industry and by region. TIO Networks ranked 43^rd on the IT industry rankings and 37^th as one of Vancouver's Fastest-Growing companies.

For more information please visit: www.tionetworks.com

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 55,000 endpoints, TIO symbolizes fast, convenient and secure bill paying. Visit: www.TIOnetworks.com. Join the conversation on www.twitter/tionetworks or like us on http://www.facebook.com/tionetworks.

For More Information Contact:

Brett Mass, Hayden IR
Tel: [phone]
Email: [email protected]

John Lewis, Business Development - TIO Networks
Tel: [phone]
Email: [email protected]

Jennifer Maloney, Media Relations - Yulu Public Relations
Tel: [phone]
Email: [email protected]

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.

SOURCE: TIO Networks

http://www.tionetworks.com