Consorteum Holdings, Inc. (CSRH) Announces Acquisition Agreement; Expands Focus to Include Mobile Offerings

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 Tuesday,

Consorteum Holdings announced that it has signed a definitive acquisition agreement with Media Exchange Group, Inc. (MXGI) and China Wireless Communications, Inc. (CWLCD) whereby the company will acquire all of the assets of Media Exchange Group, Inc.

MXGI is a digital media, technology, entertainment, wireless gaming and mobile publishing company that offers digital strategy and content in the form of mobile applications, digital media, web and broadcast products via its unique mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements.

Craig Fielding, CEO of Consorteum Holdings, commented, “Our acquisition of Media Exchange Group will position us to be able to offer multiple mobile platform opportunities through MXGI’s proprietary mobile platform CAPSA.”

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