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Friday Jan. 22, 2010
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CSRH, Consorteum Holdings Inc, CSRH.OB
Consorteum Holdings Inc. Establishes Global Platform Relationship with NxSystems Inc.
LAS VEGAS–(CRWENEWSWIRE)–Consorteum Holdings, Inc. (OTCBB: CSRH), through its wholly owned operating subsidiary Consorteum Inc (Ontario)., has established a strategic marketing partnership with NxSystems, Inc., a Global Payment Solution Network provider.
The business partnership with NxSystems Inc. will enable Consorteum to rapidly increase their operations and service offerings on a global scale by leveraging NxSystems� proprietary NxPay multiple currency payment and settlement platform.
Consorteum is already engaged in several new projects internationally that require NxSystems� multi-currency capabilities. Additional details will be announced in the coming weeks.
Quent Rickerby, President & COO of Consorteum Holdings Inc., said, �Consorteum continues to receive inquiries from both domestic and international clients to solve their multiple currency clearing problems. By partnering with NxSystems, Consorteum will be able to meet these specific requirements and quickly deploy multiple currency solutions worldwide.�
�By entering into a marketing relationship with Consorteum, NxSystems has expanded its stored value solutions, electronic payments, split-tender and multi-currency presence throughout the world,� stated Scott Amon, President of NxSystems, Inc. �We look forward to working with Consorteum Inc. in this endeavor.�
As Consorteum continues to grow its operations internationally in the coming year, the company will be able to provide Stored Value Cards, Prepaid Credit and Debit Cards, International and Domestic Payroll Cards, Commission Cards, Incentive Cards, MLM (multi-level marketing) Cards, Gift Cards, Global Electronic Payments, International Online Payment, e-Wallets, Merchant Discount Rates and Worldwide Multi-Currency Payment Platform Solutions that are flexible, affordable, and profitable.
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
About NxSystems Inc.
NxSystems - a leading provider of Global Payment Solutions - offers organizations of every size, and across every industry and geography, a comprehensive suite of innovative electronic payment products that access the global financial network. From payroll and commissions, personal and business travel expenses, procurement, loyalty, gift and incentive programs, student rewards, consumer rebates and buy here pay here financing, the NxPay payment platform provides a real-time web-enabled electronic payment software solution for consumers, merchants, Independent Sales Organizations (ISOs) and multi-national companies located throughout the world. For more information about NxSystems� array of global payment solutions, visit www.nxsystemsinc.com or call 503-513-9900.
Forward-Looking Statements:
This 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.
Contact:
Consorteum Holdings Inc.
866-824-8854
investors@consorteum.com
Source: Consorteum Holdings Inc.
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