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TIO Networks - 2009 Fourth Quarter Transaction Revenue
Thursday, September 10, 2009 8:00 AM


"28th Consecutive Quarter of Transaction Growth"

BURNABY, BC, Sept. 10 /CNW/ - TIO Networks Corp., owner of North America's leading multi-channel expedited bill payment network, (TSX-V: TNC), today provided transaction revenue results for the fourth quarter ended July 2009.

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                                                                % Growth
                                       % Growth in  Transaction  in CDN
                           Transaction  US Dollars    Revenue    Dollars
 Quarter    Transactions  Revenue ($US) vs. Q4/09     ($CAN)    vs. Q4/09
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 Q4/2009     1,780,121     $4,612,437       N/A     $5,229,768       N/A
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 Q3/2009     1,733,879     $4,390,883      5.0%     $5,468,028     (4.4%)
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 Q4/2008     1,619,454     $3,938,853     17.1%     $3,981,271     31.4%
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The Company achieved quarterly transaction growth of 5% over the previous quarter and 17% over the previous year. In the past 30 days TIO has processed approximately 590,000 transactions valued at $48 million US. All figures are preliminary and subject to adjustment that will be confirmed when TIO reports 2009 fourth quarter and annual financial results for the year ended July 31, 2009.

Network Update

Subsequent to the quarter end the TIO Network surpassed 18,000 transaction endpoints with the activation of 5,000 new endpoints from the previously announced agreement with Budget Prepay to offer the Company's wireless, utility and cable bill payment processing services.

The Company continues to seek new network partners and bill payment products to increase its transaction endpoints and suite of financial services.

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 18,000 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.

%SEDAR: 00010068E

(Source: CNW )


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