09:44 AM EST - TIO Networks Corp. : signed an agreement with Coinstar Inc. to deploy on a exclusive basis up to 50 of TIO's multi functional kiosks at key Coinstar supermarket accounts in select test markets. The company noted that upon successful completion of the pilot program, the agreement gives Coinstar the option to deploy bill payment services in Coinstar accounts across the United States. TIO's self-service touch screen kiosks accept cash and provide bill payment services for wireless, cable, utility and other billers. The company also said it simultaneously closed a non-brokered private placement, following to which Coinstar Inc. purchased 230,620 common shares of TIO Networks Corp. at $0.75 per share for gross proceeds of $172,965. Proceeds of the financing will be used to fund the pilot program. TIO Networks Corp.
shares V.TNC are trading even at $0.46.
