"33 Consecutive Quarters of Transaction Growth"
VANCOUVER, Dec. 1 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North America's leading multi-channel expedited bill payment network today reported transaction volumes for the first quarter ended October 31, 2010.
|Quarter||Transactions||Transaction Revenue ($US)||% Growth in US Dollars vs. Q1/2011||Transaction Revenue ($CAN)||% Growth in CDN Dollars vs. Q1/2011|
During the quarter the Company announced that it has expanded its partnership with IPP of America Inc. ("IPP"), and iSend to provide consumers with easy access to cross border bill payment services at participating locations in the TIO network. Cash-preferred customers can securely and conveniently pay their families' wireless, utility, cable and other bills for relatives in Central and South American countries.
2011 Corporate goals.
| 1- Significantly increase the number of activated and transacting endpoints in its walk-up bill payment business
2- Add new billers to the TIO network
3- Launch its biller direct web platform which will allow TIO to assist bill issuers of any size to offer expedited one-time or recurring payments directly from their website
4- Focus sales efforts on acquiring biller direct customers on its web and mobile platforms
All figures are preliminary and subject to adjustment that will be confirmed when TIO reports its 2011 first quarter financial results.
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 23,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payments.
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
For further information: For further information:
Behshad Hastibakhsh, Media Relations - TIO Networks
Tel: 604.298.4636, Ext. 250
Toll Free: 888.679.3322
John Lewis, Business Development - TIO Networks
Toll Free: 877-954-6327