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TIO Networks reports 2009 third quarter transaction revenue increases 63 percent
May 26, 2009
BURNABY, B.C. — TIO Networks Corp., owner of one of North America's leading multi-channel expedited bill payment networks, has provided transaction revenue results for the third quarter ended April 2009.
Quarter | Transactions | Transaction Revenue ($US | % Growth in US Dollars vs. Q3/09 | Transaction Revenue ($CAN) | % Growth in CDN Dollars vs. Q3/09 |
Q3/2009 | 1,733,879 | $4,390,473 | N/A | $5,467,526 | N/A |
Q2/2009 | 1,668,571 | $4,265,470 | 2.9% | $5,234,402 | 4.5% |
Q3/2008 | 1,540,187 | $3,340,918 | 31.4% | $3,358,879 | 62.8% |
Growing consumer demand for the company's expedited bill payment products is creating strong demand within the payment industry and driving network and revenue growth. The company continues to aggressively seek new bill payment products and network partners, and add new distribution platforms to serve America's increasing reliance on expedited payment products and financial services.
All figures are preliminary and subject to adjustment that will be confirmed when TIO reports 2009 third quarter financial results in June 2009.
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