Consorteum Holdings Inc. Launches International
Payroll and Multi-Currency Service
March 01, 2010 05:24 PM Eastern Time
LAS VEGAS--(EON: Enhanced Online News)--Consorteum Holdings, Inc. (OTCBB: CSRH) announces today
the commercial launch of the company’s first international payroll and multi-currency solution with UK-based Blue
Sea Manning Ltd.
Quent Rickerby, President & COO of Consorteum Holdings Inc., said, “This is the first step in a significant business
and revenue opportunity for Consorteum Holdings Inc. within the $27 Billion dollar offshore cruise-ship and private
yachting industry. By providing new multi-currency payroll, payment and settlement solutions not widely available
within the industry today, the flexibility of this solution will offer a new and unique way for ship owners to pay staff
from all over the world in almost any currency.”
Blue Sea Manning provides first class officers and crews for yachts, cruise ships, and offshore vessels. With ship
owners and staff placed across the globe, Blue Sea Manning required a streamlined way of accepting payments in
multiple currencies from ship owners, converting the funds, and paying their officers and crew in the local currency of
Mr. Rickerby commented, “With hundreds of thousands of employees around the world, ship owners are looking at
better ways to streamline their processes and reduce the substantial administrative costs of payroll. Commencing
immediately to provide these services, Consorteum Holdings will generate residual revenues from every payroll and
multi-currency transaction processed.”
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 effic