Consorteum Holdings, Inc. was pleased to announce this morning that Mr. Bill Smethurst C.A. has joined the company as Chief Financial Officer. Mr. Smethurst replaces Mr. Peter Simpson, who will remain with the company in a consulting role as a member of the finance team. Consorteum Holdings thanked Mr. Simpson for his loyal service over the past three years and for the contribution he will continue to make as part of the team.

For the past five years, Mr. Smethurst has been employed as Chief Financial Officer of Sernova Corp., accepting responsibility for the company’s financial and administrative matters since July 2009. Prior to Sernova, Mr. Smethurst was employed as Chief Financial Officer of Bronte Financial Services and Bronte Renewable Group SA for more than four years. Mr. Smethurst is a graduate of Manchester University in England with a B.A. in Economics, and is a member of Chartered Accountant Institute of Scotland and Ontario, Canada.

Craig Fielding, CEO of Consorteum Holdings, stated in the press release, “We are very pleased to welcome Mr. Smethurst to the team. His strong financial background and management expertise will be heavily utilized as we find ways to maximize the potential of our current portfolio of products and services, as well as launch additional revenue generating initiatives.”

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