TIO Networks Q4 2010 US$ Transaction Revenue Increases 80%

"32 Consecutive Quarters of Transaction Growth"

VANCOUVER, Aug. 16 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North America's leading multi-channel expedited bill payment network today reported transaction volumes for the fourth quarter ended July 31, 2010.

                                        % Growth
                                          in US                  % Growth
                            Transaction  Dollars  Transaction     in CDN
                              Revenue      vs.      Revenue     Dollars vs.
    Quarter    Transactions    ($US)    Q4/2010     ($CAN)        Q4/2010
    Q4/2010     3,480,026   $8,303,444     N/A    $8,637,345        N/A
    Q3/2010     3,296,797   $8,038,687      3%    $8,254,363         5%
    Q4/2009     1,780,121   $4,612,437     80%    $5,229,768        65%

During the fourth quarter the Company announced three new growth initiatives to expand its market reach and product offerings: a new mobile bill payment platform and subsequently announced California based Pacific Gas & Electric as its first customer; expansion into the Canadian marketplace with real time bill payment services for Mobilicity Wireless customers; won an RFP with Florida Turnpike Enterprises to provide payment services for Florida Toll road drivers.

The Company continues to aggressively 1- seek new biller relationships, 2- Activate additional location endpoints to its processing network, and 3- Drive new revenue growth in other channels of distribution such as mobile and online to serve America's increasing demand for expedited payment products and financial services.

All figures are preliminary and subject to adjustment that will be confirmed when TIO reports its 2010 audited Annual 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 22,000 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.

%SEDAR: 00010068E

SOURCE TIO Networks Corp.

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