Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Consorteum Holdings Inc. Reaches Funding Agreement With Private Equity Group

TORONTO -- (Marketwire) -- 02/11/13 -- Consorteum Holdings Inc., a Nevada corporation ("Consorteum" or the "Company") (OTCQB: CSRH), today announced that it has entered into a binding term sheet with AIC Group Holdings Limited for a $30,000,000 funding commitment. A private equity group, AIC Group Holdings Limited is a corporation organized under the laws of the British Virgin Islands.

Consorteum has entered into this agreement to provide working capital, fund the sales & marketing budget and to allow the Company to identify potential merger and acquisitions that will strengthen its ability to compete in the online and mobile gaming market place. Consorteum will focus on its new partnership with Knockout Gaming Inc., an Isle of Man Limited corporation, which has a full online casino gaming platform, and its existing licensing agreement with Tarsin Inc., a Nevada corporation.

As reported previously, Consorteum and Tarsin have reached a licensing agreement to partner in the continued release of mobile gaming solutions, releasing solutions on Tarsin's CAPSA platform, which is already in the global market and servicing millions of mobile consumers.

The Company has also reached a joint revenue share agreement with Knockout Gaming, Inc. ("Knockout"), a Nevada corporation. The partnership allows Consorteum to resell Knockout's licensed online gaming platform called FirePlay. Knockout has spent the past two years completing a rigorous testing program in order to achieve its gaming license from the Isle of Man. This license approval was only the 47th such license ever granted, and it is critical in differentiating the platform from other competitors.

Craig Fielding, Consorteum's CEO, stated, "Player protection is a crucial issue in the world of online gaming and the license allows us to market our brands as 'player protected' in which the payouts are strictly controlled. Our agreement with Knockout will allow Consorteum to provide customers with a single integrated solution to the complex problems of online gaming with mobile capabilities. In our initial discussions with casino operators, they have indicated that our approach is the total 'one-stop solution' that they are looking to deploy."

"Consorteum is continuing to identify opportunities in which we can utilize the proven CAPSA platform and validate the revenue potential that online and mobile gaming and wagering represents," continued Mr. Fielding. "We are in discussions with several international offshore properties and we hope to be able to reach definitive contracts with several new casinos in the near future. This ultimately is a win-win for both companies. With access to capital, Consorteum will be able to execute on its business plan and aggressively pursue opportunities that it has been developing throughout Canada and Internationally. We now have the resources to go to market and educate the online and mobile gaming customers about our total solution."

About Consorteum

Consorteum is a transaction management and mobile publishing company focused on transaction processing, including its suite of mobile offerings, delivery of mobile content, and mobile payments solutions and products, through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging a wide range of products and services to develop end-to-end, turnkey card and payment transaction processing solutions. The Company has extensive expertise within the Payments and Transaction Industry in North America and internationally. For more information about the Company, please visit: www.consorteum.com

About Tarsin

Tarsin takes brands mobile, providing casinos and gaming operators with the runway to execute their mobile strategy. With CAPSA, operators can now de-risk launching and monetizing innovative mobile wagering products and services quickly and robustly, and reach broad new revenue streams through a comprehensive mobile suite of distribution, marketing, location and payment capabilities.

CAPSA features and facts

The CAPSA wagering platform offers a suite of fully featured and proven technology solutions that are critical to the nature of placing a wager. Not least are identity confirmation, geofencing by state or region, a suite of consumer billing options, and a high level of personal and corporate security including device authentication prior to each m-commerce transaction. Supporting professional services, design services and project management services enable full systems integration with back-end gaming infrastructures, web front ends and bricks-and-mortar operations. The platform supports marketing program integration and execution, ensuring high levels of distribution for operators, and ease of adoption for consumers. Its inbuilt scalability and resilience supports propositions launched on both national and international footprints.

With an ever-increasing rate of handset development and new device release, as well as an increasing number of manufacturers entering the mobile space, CAPSA ensures that hardware is supported upon production release, maximizing the addressable mobile market in real time. As of January 2012, CAPSA supports over 1,500 handsets, smartphones and tablets from 49 manufacturers, is interoperable with 796 carriers and mobile operators worldwide including 51 in North America, and designs and publishes seamlessly across multiple variants of operating systems based on Apple, Android, Windows, Rim, Nokia, Java and BREW. Tarsin services operate in 32 languages plus a further 5 regional variants, publishing over 3 million mobile applications to consumers.

For more information, visit www.tarsin.com

About Knockout Gaming

Knockout Gaming, Inc., a Nevada Corporation, is dedicated to leading the online gaming industry worldwide by providing innovative i-gaming turnkey solutions in an explosive and expanding industry. Online Gambling licenses are only awarded to companies that have passed a rigid vetting process. Knockout Gaming understands the complexity of managing an international online gaming operation in different jurisdictions with its expertise while adapting to different cultures in both regulated and newly regulated markets. Knockout Gaming's ready to operate system, FIREPLAY, is a full back-office technology platform that offers advanced customized solutions, fully secured payment processing with fraud prevention, and ensures a 24/7 support system while providing players with a portfolio of over 100 quality cutting edge animated 3D high definition graphically attractive games to choose from in any language. Knockout Gaming is committed to delivering the very best in 3D video slots, classic slots, poker, bingo, scratch & win and sports betting games that will keep players consistently returning for more.

For more information, visit www.knockoutgaming.com

Forward Looking Statements

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.