Consorteum Holdings Inc. Organizes Initiatives for
April 29, 2010 09:07 AM Eastern Daylight Time
LAS VEGAS--(EON: Enhanced Online News)--Consorteum Holdings, Inc. (OTCBB: CSRH) today announces its
intent to divide the company into the operational divisions it has been creating over the last 12 months. The company
focus will be divided into three main business units: Consorteum Financial Services, MyGolf Rewards, and
Consorteum Financial Services will focus on new initiatives targeting the traditional payment markets, working with
established partners such as NxSystems and 8760, relationships that have already been announced. These initiatives
are anticipated to be highly lucrative, resulting in long term contracts that produce ongoing revenue streams with
recurring transactions. In order to effectively manage all of the new and existing opportunities, Consorteum Holdings
will be announcing shortly the appointment of a Vice President of Sales to oversee this business area.
An update within this business division relates to Blue Sea Manning which is now one month into piloting our new
payroll and multi-currency program. Consorteum is now able to offer the cruise ship and private yachting industry a
proven new method of international payroll and currency settlement. As previously stated, this is a pilot for a much
larger initiative and will be announced shortly.
The second business unit will be MyGolf Rewards. As announced previously, the company increased its ownership
position in My Golf Rewards to a controlling interest. A pilot has been successfully completed, and the program is
now ready for rapid expansion both in North America and Internationally. To achieve this Consorteum has engaged
a prominent capital company in Toronto to raise $1.5 million for this venture.
Consorteum Holdings’ third business area is a joint venture with or acquisition of Tenzing I.M. The combination of
our resources will be focused on new and emerging technology