Technology Investment Veteran Brings Deep Public and Private Company Knowledge
and Capital Markets Experience
VANCOUVER, Jan. 29, 2013 /CNW/ - TIO Networks Corp., (TSX-V: TNC) ("TIO" or
"TIO Networks"), North America's leading expedited bill payment company,
announced today that it has appointed veteran technology sector investor Bill
Burnham to its Board of Directors.
Mr. Burnham is the Managing Member and Founder of Inductive Capital, a
technology-focused investment fund, which is an institutional shareholder of
TIO Networks. Burnham has served on a variety of public company and private
company Boards, ranging from public companies to small seed-stage startups. He
currently serves on the Boards of two technology-focused, private start-ups.
Burnham's investment experience spans both public and private technology
companies. On the public side, Burnham was a Senior Research Analyst at Credit
Suisse First Boston, Deutsche Morgan Grenfell, and Piper Jaffray, and was the
first analyst on Wall Street to cover the Electronic Commerce Industry. On the
private side, Burnham was a Partner at both Softbank Capital Partners, a $1.5
billion late stage investment fund, and Mobius Venture Capital, a $1.25
billion early stage fund.
"Bill's appointment comes at an opportune time for TIO," said Hamed Shahbazi,
Chairman and CEO of TIO Networks, "His experience as an institutional
investor, venture capitalist and analyst will equip both TIO's Board and
senior management with relevant business advisory and capital market expertise
to help navigate and drive our corporate growth objectives."
TIO Networks thanks Reid Drury, who stepped down from the Board at TIO's
recent AGM, for his service, expertise and efforts on behalf of the
Company. Reid's energy and advice was very helpful during a time of growth
and improved financial performance at TIO.
About: TIO Networks
TIO is a cloud-based bill payment processor serving the largest telecom,
wireless, cable and utility bill issuers in North America. With more than
60,000 endpoints, TIO symbolizes fast, convenient and secure bill paying.
Visit: www.TIOnetworks.com. Join the conversation on
www.twitter.com/tiobillpay or Like us on www.facebook.com/TIOWallet.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company's expectations and
Brett Mass, Hayden IR Tel:646-536-7331 Email:Brett@HaydenIR.com
John Lewis, Business Development - TIO Networks Tel:416-523-7086
SOURCE: TIO Networks Corp.
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CO: TIO Networks Corp.
ST: British Columbia
NI: INTERNET SOF ECOM FIN 2575 WNEWS
-0- Jan/29/2013 12:46 GMT
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