Consorteum Holdings, Inc. Signs Agreement to Acquire Media Exchange Group From China Wireless Communications, Inc.

NEW YORK, NY--(Marketwire - Jun 7, 2011) - Consorteum Holdings, Inc. (OTCQB: CSRH) today announces that it has signed a definitive Acquisition Agreement with Media Exchange Group, Inc. (MXGI) and China Wireless Communications, Inc. (CWLCD) whereby Consorteum Holdings will acquire all of the assets of Media Exchange Group, Inc.

Craig Fielding, CEO of Consorteum Holdings, stated, "Our acquisition of Media Exchange Group will position us to be able to offer multiple mobile platform opportunities through MXGI's proprietary mobile platform CAPSA."

About Consorteum Holdings, Inc.

The Company provides technology solutions and management expertise to companies and organizations looking to develop, streamline or augment their methods of processing payment transactions. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging its wide range of products and services to develop end-to-end, turn-key card and payment transaction processing solutions. The Company has extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally.

For more information, please visit: www.consorteum.com

About Media Exchange Group, Inc.

MXGI is a digital media, technology, entertainment, wireless gaming and mobile publishing company providing digital strategy and content in the form of mobile applications, digital media, web and broadcast products via its unique mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements.

For more information, please visit www.mediaexchangegroup.com

Forward Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

For more information about this release, please contact Rachel Baer by e-mail at rachel@mediaexchangegroup.com, or investor relations at mxgi@mediaexchangegroup.com