Burnaby-based Tio Networks Corp. (TSX-V:TNC), a provider of non-bank financial services, has extended its alliance with ExxonMobil out to 2012 from 2004.
Under the terms of the new agreement, Tio will expand its bill payment services through its branded kiosks and ATMs to all Exxon's corporately owned On the Run and Tigermarket stores.
The expanded network will increase Tio's market reach for non-banked consumers who use cash to pay their wireless, cable, utility and other bills.
Tio recently added the ability to load funds into MasterCard prepaid debit cards from their kiosks located in more than 2,000 locations in the U.S.
Tio's share price range during the past week: between $1.30 and $1.50; 52-week high: $1.50; 52-week low: $0.63.