GlobeNewswire•December 14, 2017
ATLANTA, Dec. 14, 2017 (GLOBE NEWSWIRE) — Consorteum Holdings, Inc. (“Consorteum” or the “Company”) (CSRH), a software development company and mobile device solutions provider, today announced that its wholly owned subsidiary, 359 Mobile Inc., has completed the framework integration of its UMI platform into the mass scale transaction and settlement mobile gaming framework utilized by XpertX, Inc. The successful integration of the Universal Mobile Interface™ will facilitate the joint release of a series of mobile offerings within the US and overseas commencing in 2018.
Craig Fielding added, “During the past several years, we have worked on a strategic plan to redirect our efforts to develop and deploy end-to end solutions for both cloud and host based offerings in mobile solutions. Our XpertX relationship and offering is a perfect vertical example of this. We have enjoyed a long-standing relationship with XpertX that continues to expand in scope as we collaborate with them on mobile gaming solutions.”
About Consorteum Holdings, Inc.
Consorteum Holdings, Inc. is a mobile platform company focused on delivering compliant complex mobile-based transactions through a mix of partnerships, license agreements, and joint venture revenue share arrangements. The Company is focused on FinTech, otherwise known as next-generation financial technology. Consorteum aims to capitalize on the broad variety of technological interventions into personal and commercial transactions by focusing its efforts and resources where it can leverage its expertise in direct and vertical based solutions. For more information about the Company, please visit: http://consorteum.com.
About XpertX, Inc.
XpertX is a leading manufacturer, distributor, supplier and service provider for live-action keno systems, peripherals and services worldwide. XpertX has recently launched a proprietary product called Wild Spots Bingo®. Players make Wild Spots Bingo wagers on mobile or tablet devices that are tied to a centralized draw. XpertX holds 23 Gaming Licenses throughout the United States and Canada. XpertX is the operator of MegaKeno®, Mega10® and Jumbo Keno® wide-area progressives. It also hosts The Keno Information Network®, at www.kenousa.com, a keno results site which shows live draw results for subscribers. While most of its business is conducted in the United States, XpertX Systems can also be found in casinos and other gaming locations, with its reach extending as far as the Solomon Islands.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, its limited financial resources, domestic and global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws impacting the Company and its business.
We assume no obligation to revise or update any forward-looking statement except as otherwise required by law.
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SOURCE: Consorteum Holdings Inc.