Today before the opening bell, Consorteum Holdings, Inc. announced that it has completed the acquisition of Media Exchange Group’s assets and mobile licensing agreements.

Craig Fielding, CEO of Consorteum, commented, “As indicated in the press release announcing our definitive agreement, Consorteum plans to expand and strengthen its ability to move into the next generation mobile banking era and offer the mobile applications that consumers have demanded.”

“Media Exchange Group’s CAPSA platform will enable Consorteum to develop new services that greatly enhance our ability to process financial transactions, which has been the core strength of our company,” he continued. “In addition, we believe that our newfound ability to deliver mobile content seamlessly across diverse devices will allow us to directly engage the public with services that are both simple to use and powerful in functionality.”

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