Consorteum Holdings, Inc. announced this morning before the opening bell that it has completed and filed its corporate 10K filing for the year ending June 30th, 2009.

Despite the worst global economic downturn to take place in 70 years, Consorteum completed its busiest year to date. In the last 12 months, the company completed a reverse merger, two audits, launched two commercial programs and added an additional global opportunity contract.

Craig Fielding, CEO of Consorteum Holdings Inc., stated, “We are very pleased with the progress and advancements the company has made over the last year, especially when considering the difficult economic environment. With the completion and filing of the 10K and audit, the company is now able to fully focus all its resources on the deployment and advancement of current and new contracts.”

In the press release, Consorteum told investors that it will be announcing its third launched project in the coming days. Continuing to develop programs that will start generating significant revenues for the company in the following months, senior management is continuing to seek funding for expansion and capitalization.

Mr. Fielding commented, “With the foundation laid, Consorteum will now be able to focus on revenue generation with our current programs and expansion into new markets.”

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