Consorteum Holdings just announced that it filed its Report on Form 10-K for the fiscal year ended June 30, 2012, with the Securities and Exchange Commission and resumed its status as an issuer quoted on the OTCQB.
The company also told investors that some of its affiliates, as well as Consorteum, entered into a settlement agreement with its former CEO and Chairman of its Board of Directors. The settlement agreement was filed as an exhibit to the Form 10-K Report. Subsequent to the execution of this agreement, Consorteum and its former CEO executed and delivered to each other general releases.
Mr. Fielding has resumed his roles as Chairman and CEO. Now redirecting its energies on promising opportunities for the remainder of 2012 and beyond, Consorteum Holdings is very focused on executing processing and transaction management initiatives both in North America and in new overseas markets. The company will leverage its existing relationships with various casinos and resorts while pursuing growth through mobile gaming and wagering transactions.
"This is an exciting time for the world of mobile digital media as state and local governments are looking for creative alternatives to raise revenue. Mobile gaming is one possible revenue enhancer," stated Craig Fielding, CEO of Consorteum Holdings. "We remain focused on our traditional transaction management, technology and card businesses. Now with the addition of new opportunities utilizing our mobile gaming platform, we are ideally positioned to step into new markets in a meaningful way."
"I am optimistic that we can demonstrate to our shareholders that the past year of establishing key relationships across multiple verticals in the financial transaction processing and gaming businesses will translate into revenue opportunities for the Company," added Mr. Fielding. "In the next several months we intend to launch new projects that are in the final stages of planning and will soon be ready for announcement. We also intend to continue our efforts to build a strong management team, Board of Directors and relationships with new partners."
For more information about the company, visit consorteum.com
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