CSRH Consorteum Holdings Inc. has Identified Several new key Business Opportunities
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Wednesday October 7, 2009
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CSRH, Consorteum Holdings Inc, CSRH.OB
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Consorteum Holdings Inc. Provides Corporate Update
Consorteum Holdings, Inc. (OTCBB: CSRH) announced a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between the Company’s management and various corporations, private and public, to further the development of the company’s Card Programs, Merchant Discount Rates and new Joint Venture business relationship. As a result of these meetings, we have identified several new key business opportunities that will lead to increased revenues in 2010-2011.
As previously announced, we have signed a joint venture agreement with Trans Screen Group. Through this newly established joint venture relationship, Trans Screen Group and Consorteum Holdings Inc. will expand into markets outside North America targeting new opportunities in India, Africa, Russia, Latin America, Thailand and China for payroll / benefits cards, loyalty programs, gift cards, payment transaction processing and several other value added services. The Trans Screen Group has established business relationships within these countries and will leverage Consorteum’s expertise to provide financial services to their existing partners.
Consorteum has also been in discussion with several companies within the payroll industry to develop new payroll card programs. Proposals have been presented and we will continue to develop these relationships to reach the deployment phase.
Furthermore, “My Golf Rewards” finalized its pilot program over the summer and has completed all testing and platform development. The next phase of engagement is adding 20 new golf courses to the program in early 2010. We are also planning to further expose the My Golf Rewards program to golf courses owners and end consumers through trade shows and industry publications.
We continue to explore adding industry professionals and experts who have experience in the areas of banking, credit card issuance, payment processing, rebates and payroll. In addition, the Company is currently looking to expand its Board of Directors and Board of Advisors with financial services industry experts and senior executive level professionals running successful and profitable organizations. We will be providing further press releases and corporate updates to our shareholders and the investment community within the next 30 days.
About Consorteum Holdings Inc.
Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us as partners, not just a technology provider.”
For more information, please visit: www.consorteum.com
Contact:
Consorteum Holdings Inc.
2900 John Street, Suite 202,
Markham, Ontario, Canada L3R 5G3
investors@consorteum.com
Telephone: +1 866 824 8854
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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