Bridging The Mobile Divide

Blog Post

AUG
14
2013

Consorteum Holdings Inc. Forms a New, Wholly Owned Subsidiary

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.

About Consorteum

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

Certain statements set forth in this press release constitute “forward-looking statements.” 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 that could cause the Company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. 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. More information about the potential factors that could affect the Company’s business and financial results is included in the Company’s filings made with the United States Securities and Exchange Commission.

Contact:

Patrick Shuster
Chief Operating Officer
patrick@consorteum.com
(888) 702-3410

SOURCE: Consorteum Holdings Inc.

CONTACT: mailto:patrick@consorteum.com

(C) 2013 Marketwire L.P. All rights reserved.

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SUBJECT CODE: Computers and Software:Internet
Computers and Software:Software
Professional Services:Investor Relations
Professional Services:Advertising, PR and Marketing
Financial Services:Personal Finance

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