March 1, 2006
BURNABY, British Columbia - Info Touch Technologies Corp., owners of the TIO Network, announced the deployment of 25 ZapLink kiosks at select Circle K convenience stores in El Paso, Texas. Through this expansion, Info Touch and Circle K now offer cash-preferred customers secure and convenience access to bill payment and financial transactions at self-service automated kiosks, 24-hours-a-day.
"El Paso, Texas is a growing Latino community and market research indicates that nearly half of the Hispanics are unbanked and more than 78 percent of El Paso's population is Hispanic. This data confirms there is market demand for non-traditional financial solutions," said Hamed Shahbazi, chairman and chief executive officer of Info Touch. "By delivering convenient access to affordable financial services, we improve the quality of life for residents of El Paso, and execute on our recurring revenue transaction business."
[Editor's note: Info Touch Technologies became Tio Networks in April 2006.]