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Info Touch Technologies announces 2004 financial results

December 16, 2004

Canada NewsWire:Info Touch Technologies Corp. (TSX-V: IFT) today announced financial results for the fiscal year ended July 31, 2004.

Total revenue for the year was $6,142,066 compared to $6,832,395 one year ago with a net loss for the year of $1,267,671 versus a profit of $917,550 one year ago.

The shift in the financial results of the company was specifically related to a strategic decision to maximize corporate ownership of kiosks in order to optimize InfoTouch's share of lifetime recurring revenues (transactional income).

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[Editor's note: Info Touch Technologies became Tio Networks in April 2006.]