SOURCE: Consorteum Holdings, Inc.

Consorteum Holdings, Inc.

May 06, 2014 08:30 ET

Consorteum Holdings Enters Mobile Application Development and Business Agreement With XpertX, Inc.

ThreeFiftyNine to Develop a Comprehensive Mobile Offering for XpertX's Keno Gaming Platform

INCLINE VILLAGE, NV--(Marketwired - May 6, 2014) - Consorteum Holdings, Inc. ("Consorteum" or the "Company") (OTCQB: CSRH), an international transaction management and mobile solutions provider, today announced that its wholly owned subsidiary, ThreeFiftyNine Inc., has entered into a binding agreement with XpertX Inc. to develop a mobile offering for XpertX's existing keno gaming service. This agreement follows on the heels of ThreeFiftyNine's new partner program announcement. With proof-of-concept now validated, this new mobile offering is designed to deliver a state-of-the-art mobile Keno solution to virtually any mobile device, regardless of operating system.

Per the agreement, ThreeFiftyNine will enable XpertX to deliver mobile solutions that allow for the delivery of mobile content across a wide range of devices. ThreeFiftyNine simplifies the delivery of a rich mobile experience to the end user by addressing compliance, administration and distribution of mobile content to any handset. The ultimate objective is to reduce the complexities of the mobile world and simplify the publishing of digital content.

Consorteum worked closely with XpertX, widely recognized as an industry leader in Keno gaming, to validate the mobile app capabilities. XpertX is also the top manufacturer and supplier of live-action Keno systems and Keno-associated products and services. The combination of ThreeFiftyNine's mobile expertise coupled with XpertX's extensive Keno marketability and client following will facilitate the introduction and rollout of the mobile platform.

"We are very excited to join forces with XpertX, a recognized leader and innovator in Keno gaming since 1987. We believe the ability to deliver real-time gaming to Keno players will be extremely well received in every territory we introduce our application into. For the first time, a Keno player will be able to use their mobile phone and gain access to the results of Keno games played at casinos and Keno parlors across the United States. Mobile is clearly what the Keno customers want," Craig Fielding, CEO of Consorteum and President of ThreeFiftyNine, stated.

"We are extremely optimistic to join forces with ThreeFiftyNine bringing live Keno to mobile gaming," said XpertX founder and President Eric Thomassian. "The union of Keno and mobile gaming seamlessly integrates the time-honored game of Keno with the sweeping technology of the 21st century."

About Consorteum Holdings, Inc.

Consorteum Holdings, Inc. 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 Company, please visit: www.consorteumholdings.com.

About XpertX, Inc.

XpertX, Inc. is the leading manufacturer and supplier of live-action Keno systems and Keno associated products and services and also offers a specialized Bingo product called Wild Spots BingoT. They design, manufacture, distribute and provide service for their Keno and Bingo related products. In addition to its Nevada manufacturer's and distributor's licenses, XpertX holds an OILs license in the State of Nevada, which allows it to operate multi-jurisdictional Keno progressives nationwide. XpertX is the operator of MegaKeno®, Mega10®, and other wide-area progressives. While most of their business is conducted in the United States, XpertX Systems can also be found in casinos and other gambling locations in Canada and in nations worldwide.

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 and its business. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings made with the United States Securities and Exchange Commission.

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