SOURCE: Consorteum Holdings, Inc.

November 11, 2010 06:00 ET

Consorteum Holdings, Inc. Reports Continued Success of MasterCard Benefits Program in New Brunswick, Canada

LAS VEGAS, NV--(Marketwire - November 11, 2010) - Consorteum Holdings, Inc. (PINKSHEETS: CSRH) is pleased to announce that the Company's MasterCard benefits pilot program with the First Nations initiative in New Brunswick, Canada, has begun the second phase of implementation following successful deployment among the community's administration group.

The pilot program was recently doubled in size to include additional community members and is now accepting direct deposit of funds. Consorteum will continue to monitor the valuable data provided by the pilot for the launch of a nationwide initiative. Recently obtaining the capital required for further expansion, Consorteum anticipates having sufficient data for a scheduled multi-location rollout in early 2011.

Craig Fielding, CEO of Consorteum Holdings, Inc., commented, "After a considerable planning process we are now expanding this pilot to confirm that the data received thus far is indeed supportive of a national initiative. We have communicated with the other First Nations communities involved, introducing them to the MasterCard benefits program for rollout in 2011. We will be adding additional First Nations communities as they commit to being part of the adoption program."

About Consorteum Holdings, Inc.

Consorteum Holdings, Inc. will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Each program and initiative launched is designed to drive additional transaction based, long-term revenues and increased shareholder value. Consorteum Holdings Inc. has built 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 affect 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.

Contact Information

  • Contact:
    Consorteum Holdings, Inc.
    141 Adelaide Street West, Suite 550
    Toronto, Ontario, Canada
    M5H 3L5

    investors@consorteum.com
    Telephone: +1 877-414-2774