News

TIO kiosks to add insurance products

July 4, 2006

BURNABY, B.C. - TIO Networks Corp., formerly Info Touch Technologies Corp., announced the launch of the KEY A-D insurance offering to ExxonMobil customers and other TIO convenience retail networks. KEY A-D, which is underwritten by Stonebridge Casualty Insurance Co., will provide an accidental death benefit for $12 a year.

"When I was approached by Stonebridge to sell an insurance product on our bill-payment network, I was immediately interested," said Hamed Shahbazi, chairman and chief executive of TIO Networks. "We strive to offer products to the cash preferred demographic and this product has been developed specifically for TIO's customer base."

TIO Networks and Stonebridge will launch initially in Texas and Tennessee in On The Run and Tigermarket locations with a strategic, long-term plan for a nationwide rollout that will encompass multiple offers, markets and retailers.

"Our customers have been requesting more financial services be offered on our terminals," said David Taylor, U.S. category manager for ExxonMobil. "KEY A-D insurance supports our strategy to provide services to the under-banked consumer."