TIO Networks' Q3 revenue up 63 percent

TIO Networks' Q3 revenue up 63 percent
May 20, 2009

BURNABY, British Columbia — TIO Networks Corp., a leading multichannel expedited bill-payment processor serving large telecom, wireless, cable and utility bill issuers in North America, has announced a 63-percent revenue increase for the third quarter ended April 2009 versus Q3 revenues last year. Tio Networks processes bill payments for kiosk networks in North America.

According to a news release, the company's Q3 revenue was CDN $5.4 million (US $4.3 million), up from CDN $3.4 million (US $3.3 million) for the same period in 2008.