Consorteum Holdings Inc. (OTCBB: CSRH) has acquired Consorteum Inc., a systems integrator within the financial services, payment and transaction processing industries, a Canadian-based provider of payment and transaction solutions. Consorteum Holdings Inc. acquired Consorteum Inc. for 39,999,750 shares, of which management owns a controlling interest of over 26,000,000 shares.

Craig Fielding, CEO of Consorteum Holdings Inc., said, “This is the first step in executing the strategic direction of the company into its next stage of evolution. We are making great strides in providing the market with a revolutionary and innovative new way of doing business, focused primarily on customer requirements, versus technology. The future of payment processing puts less emphasis on the provider of the services and more on the empowerment of the user to put more profits in their pockets. We believe that by doing business this way, we will naturally increase our market share and provide long-term shareholder growth.”

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