Strong Financial Returns Places TIO as one of
TSX.V's Top Performing Tech Stocks
VANCOUVER, Feb. 25, 2016 /CNW/ - TIO Networks, (TSX-V:
TNC) ("TIO"), North America's
leading cloud-based bill payment processor, is pleased to announce
it has been selected as one of the top 10 best performing
technology stocks on the TSX Venture, securing a top spot on the
2016 TSX Venture 50.
"TIO is honoured to be selected as one of the best performing
companies on the TSX Venture for this year," said Hamed Shahbazi, CEO of TIO Networks. "We have
been very encouraged by the strong support we've received from
analysts and shareholders. We feel that is a clear validation of
TIO's organic and inorganic growth plan."
The 2016 TSX Venture 50 ranking is comprised of 10 companies
from five industry sectors: mining, oil & gas, technology &
life sciences, diversified industries and clean technology.
Companies selected are judged on the criteria of market
capitalization, growth, share price appreciation, trading volume
and analyst coverage.
TIO ranked second overall in the technology sector with a market
capitalization growth of 156 per cent, or over $81 million. From December
2014 to December 2015 TIO's
share price appreciated by 147 per cent and was covered by seven
different analysts.
Watch the 2016 TSX Venture 50 video profiles at
www.TSX.com/Venture50
About TIO Networks
TIO Networks is a cloud-based multi-channel bill payment
processing and receivables management company, serving the largest
telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back
office of billing systems to accept, validate, and collect payments
outside of the traditional bank channel, via self-service kiosk,
retail walk-in, mobile, and web solutions. With over 65,000
endpoints in its processing network, TIO symbolizes fast,
convenient, and secure access to expedited bill payment
services.
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The TSX Venture Exchange has not reviewed this news release
and does not accept responsibility for its adequacy and accuracy.
FORWARD-LOOKING INFORMATION AND DISCLAIMERS
This
news release contains certain forward-looking statements and
information (collectively, "forward-looking statements") within the
meaning of applicable Canadian securities laws, including, without
limitation, the effect of the strategic investment and commercial
opportunities afforded by the new products, services and
relationships announced herein.
Although TIO believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties that may cause actual results or events to
differ materially from those anticipated and no assurance can be
given that these expectations will be realized, and undue reliance
should not be placed on such statements.
Forward-looking statements and information are based on the
beliefs, assumptions and expectations of TIO's management on the
date of this news release, and TIO does not assume any obligation
to update any forward-looking statement or information should those
beliefs, assumptions or expectations, or other circumstances
change, except as required by securities law. Any websites
referenced or linked in this press release are for convenience only
and TIO does not endorse such websites nor assume any liability for
the information contained therein.
SOURCE TIO Networks Corp.