Consorteum Holdings Inc. (CSRH.OB) Announces Introduction of New Financial Services Division

Consorteum Holdings, Inc. announced this morning that it has created a new division focused on providing financial services to consumers, employees and individuals within the public and private sectors. The new division will operate together with Consorteum’s existing divisions, which are application-specific and industry-specific.

The Consorteum Financial Services Division will be managed by a leading expert within the banking and transaction processing industry who brings more than 25 years of experience to the company. He will be formally announced within the next two months. Through this new division, Consorteum will offer its targeted client base Point of Sale Terminals, ATM’s, Merchant Discount Rates, Prepaid Credit Cards, Gift, Payroll & Benefits Cards, Loyalty and Reward Programs, Project Management, Sales and Marketing.

Quent Rickerby, President & COO of Consorteum Holdings Inc., stated, “Consorteum generates recurring transactional revenues on every program we implement. By maintaining full control of all products and services launched, Consorteum is enabled to increase its revenue opportunity by an additional 10 to 15 percent.”

Consorteum has established key relationships with major processors, point of sale providers, financial institutions, issuing banks, credit card associations and several key technology providers within the payment and processing industry. These partnerships will support the products and services to be offered by the new division, and will be announced in the near future.

Mr. Rickerby added, “All of our programs establish a direct long-term relationship with our customers by providing them robust, secure and reliable solutions. Consorteum will continue to expand our list of new and innovative products and services to our customer base that will drive increased revenues for the company.”

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