Consorteum Holdings Inc. Provides Business
Update and Corporate Review
March 12, 2010 09:41 AM Eastern Time
LAS VEGAS--(EON: Enhanced Online News)--Consorteum Holdings, Inc. (OTCBB: CSRH) today provides the
following corporate update.
Consorteum Holdings will now focus on leveraging the previously announced new relationships to provide better
value added services to its clients. These new projects and technology relationships will drive new opportunities and
revenues for the company.
With the recent launch of Blue Sea Manning’s new payroll and multi-currency program, Consorteum is now able to
offer the cruise ship and private yacht industry a highly cost-effective solution for international payroll and currency
settlement. This multi-billion dollar industry is in desperate need to reduce the substantial administrative costs of
payment to crews and suppliers globally in any currency. Consorteum is strategically targeting several of the large
cruise ship and private yacht owners with this new service.
In January 2010, the company increased its ownership position in My Golf Rewards. Courses that were part of the
pilot program saw a significant increase in revenues, validating that this is an initiative that will reap rewards for the
industry as well as for Consorteum Holdings Inc. It is anticipated that there will be significant growth of the program
as golf course owners look for new and better ways to increase their customer spending by establishing incentives
and rewards that will drive increased rounds of golf. The My Golf Rewards sales team is actively engaging with new
courses for the 2010 season, both in North America and Internationally.
Consorteum Holdings Inc. formed a contractual relationship with NxSystems, which was solidified through
2009/2010. Working with NxSystems, Consorteum Holdings Inc. will bring new opportunities to market in 2010.
Through this new arrangement the company has already started working on four large additional projects leveraging