Consorteum Holdings, Inc. (CSRH.PK) Updates Investor Community on Primary Initiatives

QualityStocks would like to highlight Consorteum Holdings (PINKSHEETS: CSRH). Consorteum provides pioneering technology solutions and management expertise to companies and organizations looking to develop, streamline, or augment their methods of processing payment transactions. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging its wide range ranging partner technologies to develop end-to-end, turn-key card and payment transaction processing solutions.

In the company’s news yesterday,

Consorteum Holdings announced that it has made notable progress in the three main areas of its current initiatives. The update quantifies the current status of these divisions as the company continues to move forward with its strategic business plan.

In the release, Consorteum told investors it has expanded the Blue Sea Manning pilot initiative to include additional staff members, and is optimistic about the prospects of further deployments within the industry. The company anticipates presenting its results to other potential clients within the sea cruise staffing industry. The purpose of the pilot is to validate the effectiveness of the Company’s card program while streamlining the payroll process and reducing current workload for the administrative staff of such companies.

As previously announced, the company increased its ownership position in MyGolf Rewards to 75%. Consorteum and MyGolf Rewards management have worked diligently to reposition and prepare for a 2011 launch. The company has identified appropriate trade shows and has approached appropriate strategic partners. Consortuem is currently working on the financing required for the launch, additional international relationships and expansion into the European market.

Also previously announced, on July 27, 2010, the company officially launched the initial pilot for the First Nations card in Canada, in the New Brunswick, Madawaska Maliseet community. Originally targeted at the administration staff, the card program is now being expanded to members of the community. The program is currently being promoted to specific additional pilot communities. The Company estimates that there are over 600 locations and more than 400,000 First Nations members that can be marketed to over time. Consorteum is in negotiations with a strategic partner to augment and fund further penetration into First Nations communities.

Craig Fielding, CEO of Consorteum Holdings, Inc., commented, “I believe it’s very important to keep our shareholders informed on the progress we are making in all areas, and the much more focused approach the company is now taking with respect to the financial effectiveness of our programs.”

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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.