Organizational Developments Support New Initiatives in the Digital Technology Marketplace
TORONTO, Aug 14, 2013 (Marketwired via COMTEX) — Consorteum Holdings Inc. (“Consorteum” or the “Company”) (OTCQB: CSRH), an international transaction management and mobile publishing company, today announced the first organizational developments that have been designed to expedite new market entries in technology and payment solutions.
A new business entity, ThreeFiftyNine Inc., has been incorporated in Nevada, US as the lead operational business and a wholly owned subsidiary of CSRH. It is registered at the same address as its parent.
ThreeFiftyNine sets out to be a highly differentiated business in the digital space, with brand development continuing for a launch in early Q4.
The business is commercializing a number of new business opportunities that have been under assessment. This involves formalizing a structure to support go-to-market programs that have already been through a business review and modeling process. The proposed programs are closely tied to key vertical market segments, with lead customers and partners in both direct and indirect distribution models.
A core technology development team has been recruited and is in place, including world-class resources in the areas of cloud infrastructure design, development, and deployment, as well as in digital transaction management.
Consorteum Holdings Inc. is a transaction management and mobile publishing company focused on transaction processing, including its suite of mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging a wide range of products and services to develop end-to-end, turn-key card and payment transaction processing solutions. The Company has extensive expertise within the Payments and Transaction Industry in North America and internationally. For more information about the Company, please visit: www.consorteumholdings.com
Forward Looking Statements
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Chief Operating Officer
SOURCE: Consorteum Holdings Inc.
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