SOURCE: Consorteum Holdings, Inc.
TORONTO--(Marketwire - Jun 27, 2012) - Consorteum, Inc., a wholly owned subsidiary of Consorteum Holdings, Inc. (OTCQB: CSRH), a provider of technology solutions to companies and organizations looking to expand their methods of processing payment transactions, today announces its intent to join forces with Marksal Communications, Inc., a privately held Canadian company, in order to meet the growing demand for next-generation telecommunication and financial transaction services across the North American and International markets.
By combining the technical innovation of Consorteum's payment processing solutions with the significant capability of Marksal to provide secure communications to remote regions, the anticipated joint venture would provide customers with new capabilities to deliver payment and banking services in areas that traditionally have been underserved. Together with Consorteum's new focus on mobile application delivery of secure financial transactions, the new joint venture will allow the delivery of next-generation telecommunication and financial services anywhere in the world.
"This new joint venture will allow both companies to leverage their core competencies to better serve their customers," stated Craig Fielding, CEO of Consorteum, Inc. "This alliance with Marksal Communications provides the ability to deliver secure financial transactions to areas traditionally isolated, and it opens up a tremendous market for new services while facilitating economic growth."
"This joint venture with Consorteum is very exciting and will provide a unique solution for the delivery of secure financial transactions," commented William MacDonald, CEO of Marksal Communications, Inc. "Marksal is very committed to delivering their expertise and solutions, anywhere in the world, in this new joint venture."
Under the proposed joint venture, Consorteum will contribute its proven payment solutions and Marksal will provide the communications infrastructure necessary to link remote areas into secure telecommunication and financial services, thus creating an overlay of new, sophisticated financial networks. Consorteum Holdings will own 51 percent of the joint venture, and Marksal will own 49 percent of the joint venture.
About Consorteum Holdings, Inc.
Consorteum is a transaction management and mobile publishing company focused on transaction processing, including its suite of mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging a 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 and internationally.
For more information about the Companies, please visit: www.consorteum.com.
About Marksal Communications, Inc.
Marksal Communications, Inc. ("Marksal") is a technology company providing Telecommunication and Information Technology solutions and services to remote, rural and underserviced areas. Marksal provides full turn-key satellite and wireless solutions across North America and Internationally. Marksal Communications provides their clients with the assessment, architecture and implementation of technologies to meet their client's unique business requirements. To achieve this success, Marksal has partnered with leading Telecommunication and Information Technology manufacturers in the Satellite, Wireless, Fibre, VoIP, Video Conferencing, Computer and Software industries to provide total solutions that exceed their customer's needs.
For more information about the Companies, please visit: www.marksal.com.
Forward Looking Statements
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, its limited financial resources, domestic and global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws impacting the Company's business. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available through the United States Securities and Exchange Commission.