SOURCE: Consorteum Holdings, Inc.

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September 01, 2010 10:09 ET

Consorteum Holdings, Inc. Announces Successful Deployment of Payment Cards Pilot Program for First Nations

LAS VEGAS, NV--(Marketwire - September 1, 2010) -  Consorteum Holdings, Inc. (OTCBB: CSRH) ("CSRH" or the "Company") is pleased to announce that on July 27, 2010, its client, First Nations Financial Services ("FNFS"), successfully deployed its first pilot program of MasterCard benefits cards. Pursuant to agreement between CSRH and FNFS, FNFS funded the expenses of the pilot, which was launched with the Madawaska Maliseet First Nation Community, in Edmundston, New Brunswick, Canada.

The pilot is targeted at the community's administration group and will provide valuable data for expansion of the program. Subject to the success of the pilot and to CSRH's receipt of additional funding, the Company will launch a multi-location pilot rollout in the next 2-3 months. This initial deployment is the first of a suite of products and services, including point-of-sale services as well as additional banking, credit and related financial offerings, for aboriginal communities in North America. 

Mr. John Bernard, a First Nation's partner in the initiative, stated, "This pilot will enable us to clearly identify the requirements for rollout of the initiative on a much larger scale. We are very pleased with the progress and look forward to the next stages of deployment."

Chief Joanna Bernard of the Madawaska Maliseet Community stated, "This pilot will provide important feedback on how we can launch the initiative nationally. We are pleased to participate in the program, and given the initial feedback, we look forward to a successful national launch."

Craig Fielding, CEO of Consorteum Holdings, commented, "This program will contribute dividends back to participating communities, and as an aboriginal sponsored program, provides much needed services to the communities. Collectively we expect the program to be beneficial and profitable to all parties."

About Consorteum Holdings, Inc.
Consorteum Holdings, Inc. provides pioneering technology solutions and management expertise to companies and organizations looking to develop and 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 ranging partner technologies to develop end-to-end, turn-key card and payment transaction processing solutions. The Company has accumulated extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally, building its reputation with one goal, "For our customers to look at us as partners, not just a technology provider."

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

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. We caution that words used in this document such as "expects," "anticipates," "believes," "may," and "optimistic," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward-looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to be materially different from those described herein. There are numerous factors that could cause actual results to be different than those anticipated or predicted by us, including: (i) a deterioration in economic conditions in general; (ii) a decrease in demand for our products or services in particular; (iii) our loss of a key employee or employees; (iv) regulatory changes, including further changes in the area of credit card regulation or implementation of new regulations in furtherance of the new legislation that may have an adverse effect on the demand for our products or services; (v) increases in our operating expenses resulting from increased costs of labor and/or consulting services; (vi) our inability to exploit existing or secure additional sources of revenues or capital to fund operations; (vii) a failure to collect upon or otherwise secure the benefits of existing contractual commitments with third parties, including our customers; and (viii) other factors and risks identified in our SEC filings. This list provides examples of factors that could affect the results described by forward-looking statements contained in this press release; however, this list is not exhaustive and many other factors could impact our business and it is impossible to predict with any accuracy which factors could result in negative impacts.