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Consorteum Holdings, Inc. News

FEB
13
2013

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Miami, FL, Feb 12, 2013 (eTeligis.com via COMTEX) Tradersnewsletters.com, a leading online financial newsletter source, Reports on the following Companies: Nuvilex, Inc. (OTCQB:NVLX), Medical Marijuana, Inc. (OTCPINK:MJNA), Consorteum Holdings Inc., (OTCQB:CSRH),

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Nuvilex, Inc. (OTCQB:NVLX), a clinical stage provider of natural products and cell and gene therapy solutions for the treatment of human diseases, announces today it is establishing a new subsidiary, Medical Marijuana Sciences, Inc., to study the medical applications of marijuana (Cannabis sativa) and develop treatments for serious human diseases.”The creation of Medical Marijuana Sciences, Inc. is designed to strengthen our portfolio of natural source products and broaden the Company’s biotechnology base through studies using medical marijuana,” commented Dr. Gerald W. Crabtree, COO of Nuvilex. “We believe that by leveraging the positive data collected from our completed Phase II clinical trial on our living cell encapsulation technology coupled with published research demonstrating the therapeutic benefits of cannabinoids on a variety of indications will immediately position Nuvilex as a leader in the medical cannabis industry.”

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Medical Marijuana, Inc. (OTCPINK:MJNA), a leading cannabis and hemp industry innovator, today announced the release of its audited fourth quarter financial statements. The Company earned net income of approximately $3.2 million on record gross revenues of $5.2 million for the quarter ended December 31, 2012. This represents a gross revenue increase of over 1100 percent quarter-over-quarter when compared to revenue of $430,140 for the quarter ended December 31, 2011. Additionally, confirming the strong growth of the Company’s core business, revenue increased approximately $2.2 million and net income rose by over $2.0 million when compared to the most recent third quarter 2012. Revenues for 2012 totaled $12.38 million and net income was $7.1 million.

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Consorteum Holdings Inc., (OTCQB:CSRH), today announced that it has entered into a binding term sheet with AIC Group Holdings Limited for a $30,000,000 funding commitment. A private equity group, AIC Group Holdings Limited is a corporation organized under the laws of the British Virgin Islands. Consorteum has entered into this agreement to provide working capital, fund the sales & marketing budget and to allow the Company to identify potential merger and acquisitions that will strengthen its ability to compete in the online and mobile gaming market place. Consorteum will focus on its new partnership with Knockout Gaming Inc., an Isle of Man Limited corporation, which has a full online casino gaming platform, and its existing licensing agreement with Tarsin Inc., a Nevada corporation.

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