Consorteum Holdings Inc. announced today that it has formed a new Joint Venture partnership with Chicago-based Trans Screen Group of Illinois. According to the press release, Trans Screen will leverage Consorteum Holdings’ expertise to provide financial services solutions to a number of new emerging global markets.
Quent Rickerby, President & COO of Consorteum Holdings Inc., stated, “This new joint venture further demonstrates the importance of the company’s global business model, while significantly increasing our shareholder value through increased revenue opportunities.”
This newly established joint venture relationship will enable Trans Screen Group and Consorteum Holdings Inc. to expand into markets outside North America, including India, Africa, Russia, Latin America, Thailand and China, for payroll cards, loyalty programs, gift cards, processing and other value added services. The companies anticipate announcing initial endeavors in the fourth quarter with deployments expected to commence early next year.
Paul Dillon, President and CEO of Trans Screen Group, commented, “Since formation, Trans Screen Group has been positioning itself in a very difficult market. Trans Screen Group is ready to take advantage of opportunities through constantly streamlining the efficiencies of our global structure. The Consorteum Holdings Inc. & Trans Screen Group joint venture creates an exciting new platform for investors, partners, employees and most importantly, the customer. This joint venture allows both companies to channel their resources and create an expanded, more diverse and profitable holding company.”
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