Global Express Financial Services Partners with Southern Management to Offer New Rent Payment Channels

SILVER SPRING, Md., June 4, 2014 /PRNewswire/ -- TIO Networks Corp.(TSX-V: TNC) ("TIO"), announced today that Globex Financial Services, Inc. ("Global Express"), a TIO Networks company, has partnered with Southern Management, the largest privately owned property management company in the Mid-Atlantic, to provide new rent payment services that include cash, e-check, debit and credit card payments.

Global Express is making a positive impact on residential life in communities across the Mid-Atlantic as demand for their integrated payment systems increases. The company's innovative payment processing technology is already being utilized by the Housing Authority Management Offices of Washington, D.C., Richmond, VA, Durham, N.C. and Charlotte, N.C.

Southern Management, the latest partnership to be announced by Global Express, introduced expanded payment services to residents of its 75 properties and 25,000 rental units on April 23, 2014. Global Express will manage the company's rent payment processing, giving residents access to convenient walk-in payments at 416 retail locations as well as online, mobile and text payments.

"Global Express is leading the way in the rent payment market by offering multiple payment channels that are secure end to end," said Hamed Shahbazi, CEO and chairman of TIO Networks. "We ensure the integrity of the payment chain by applying innovative security solutions across all our payment modalities. As such, our unique opportunity in the rent payment vertical is to improve the lives of thousands of residents by expanding access to convenient payment options."

The upgrade introduces new payment channels for Southern Management residents who do not have access to a bank account or prefer using credit or debit cards for financial transactions. Southern Management serves a large international graduate student population that relies on credit cards from their home country and these residents will benefit greatly from the new payment options offered via the Global Express platform.

"We know many of our young and international residents are highly integrated with technology," said Dominick DiNofrio, Southern Management's chief accounting officer. "We wanted to implement a rent payment system that offers all our residents multiple channels of payment that are secure and easy to use."

Southern Management is the first privately owned property management company to deploy Global Express services to its residents.

To learn more, visit: http://www.global-express.net

About Global Express:

Established in 1963, Globex Financial Services, Inc. is one of the largest money order, bill payment and prepaid wireless companies in the United States. Operating through thousands of convenient retail points of service Globex has processed millions of "real-time" walk-in bill payments for utility companies, merchants and municipalities. Visit: www.global-express.net

About TIO Networks

TIO Networks is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America.  With more than 65,000 endpoints, TIO symbolizes fast, convenient and secure bill payment. Visit: www.TIOnetworks.com. Join the conversation: www.twitter.com/tionetworks or Like us:  http://www.facebook.com/tionetworks.

Contacts:

John Lewis, Business Development – TIO Networks
416-523-7086
[email protected]

Nora Retana, Media Relations - TIO Networks
619-549-3211
[email protected]

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.

SOURCE TIO Networks Corp.

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