Consorteum Holdings Inc. (CSRH.OB) Announces Launch of International Payroll and Multi-Currency Service

In the company’s news yesterday,

Consorteum Holdings, Inc. announced the commercial launch of its first international payroll and multi-currency solution with UK based Blue Sea Manning Ltd. The new offering will allow international businesses to accept payments in multiple currencies and then pay their employees in the local currency of their choice.

Quent Rickerby, President & COO of Consorteum Holdings Inc., stated, “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 needed 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 choice.

Mr. Rickerby added, “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 QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain 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. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.