- 27th Consecutive Quarter of Transaction Growth -

BURNABY, BC, June 24 /CNW/ - TIO Networks Corp. (TSX-V: TNC) today announced its unaudited third quarter and nine month financial results for the period ended April 30, 2009.

Quarterly highlights
1)  Revenue increased by 63% to $5,705,979
2)  Positive EBITDA(x) of $180,000
3)  Generated $63,997 in positive cash flow from operations before
    changes in non-cash working capital items.
4)  Operating expenses reduced by $162,995 vs Q3 fiscal 2008
5)  New business initiatives with Family Dollar, San Antonio Water, H-E-B
    Grocery and others
6)  Network transaction endpoints increased to 12,959
Results for the third quarter and year to date:
                ---------------------------------------------------------
                 Three months ended April 30  Nine months ended April 30
                ---------------------------------------------------------
                           2009         2008           2009         2008
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Revenue            $  5,705,979 $  3,508,643   $ 16,033,500 $ 10,211,670
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EBITDA(x)          $    180,000 $   (342,000)  $    567,000 $ (1,700,000)
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Net Income         $   (650,585)$ (1,267,348)  $ (1,687,214)$ (4,564,333)
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Weighted average
 number of
 shares (diluted)    46,106,970   41,090,470     46,106,970   40,657,670
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At quarter end, the Company had cash & cash equivalents of $3,121,757.

"Our base of recurring revenue continues to grow as does our business development pipeline," said Hamed Shahbazi, Chairman and CEO of TIO Networks. "We are confident that our current and new business opportunities will increase transactions and continue to drive strong revenue growth in the quarters and years ahead."

Conference Call:

You are invited to attend a conference call on Wednesday June 24, 2009 at 2:00 pm EST to review the third quarter financial results. The dial-in numbers are (416) 644-3414 in Toronto, or toll free 1-800-733-7571. Callers should request the TIO Networks Conference.

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 12,900 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.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Potentially, many factors could cause our actual results to vary materially from those described herein as intended, planned, anticipated or expected. TIO Networks Corp. does not intend and does not assume any obligation to update these forward-looking statements.

(x)EBITDA is not a defined term under Canadian generally accepted accounting principles, nor does it have a standard, agreed upon meaning. Accordingly, the Company's EBITDA may not be directly comparable to EBITDA reported by other issuers. Management had determined EBITDA is a useful supplemental measure in evaluating the Company's performance as it provides investors with an indication of cash available for debt service, working capital needs and capital expenditures. This non-GAAP measure is intended to provide additional information on the Company's performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

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