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Consorteum Holdings, Inc. (CSRH.PK) Continues to Move Forward with Innovative Financial Solutions

Over the past several weeks Consortuem Holdings has made considerable progress with its current initiatives and established relationships. Having accumulated extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally, the company’s team is rapidly building a reputation in the financial industry with one goal in mind, “For our customers to look at us as partners, not just a technology provider.”

In September Consorteum announced that its client, First Nations Financial Services (FNFS), successfully deployed its first pilot program of MasterCard benefits cards. Originally targeted at the administration staff, the program has since been expanded to include members of the community. This initial deployment is the first of a suite of products and services, including point-of-sale services as well as additional banking, credit and related financial offerings. Consorteum is currently in negotiations with a strategic partner to augment and fund further penetration into First Nations communities.

Consorteum also recently announced that its first international payroll and multi-currency solution with UK based Blue Sea Manning Ltd., launched in March of this year, has been expanded to include additional staff members. Optimistic about the prospects of further deployments within the industry, management believes it will be able to present its results to other potential clients within the sea cruise staffing industry. Consorteum will generate revenue from every payroll and multi-currency transaction processed.

The company has also been progressing with its MyGolf Rewards initiative, which has already completed its pilot and is ready for nationwide and international expansion. Courses that were part of the pilot program increased their revenues significantly, confirming the effectiveness of the program. To capitalize on this venture, Consorteum has engaged a prominent capital company in Toronto to raise $1.5 million. The company has worked diligently to reposition and prepare MyGolf Rewards for a 2011 launch.

With so much going on and moving forward at a steady pace, not even mentioning other irons in the fire, Consortuem Holdings is constantly proving their commitment to increasing revenues as well as building increased shareholder value.

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