Consorteum Holdings, Inc. (CSRH) to Deliver New Innovative Telecommunication and Financial Transaction Services through Joint Venture Agreement
Consorteum, Inc., a wholly owned subsidiary of Consorteum Holdings, Inc., a provider of technology solutions to companies and organizations looking to expand their methods of processing payment transactions, just announced its intent to join forces with Marksal Communications, Inc., one of Canada’s leading providers of global communications solutions, in order to meet the growing demand for next-generation telecommunication and financial transaction services across the North American and International markets.
By combining the technical innovation of Consorteum’s payment processing solutions with the significant capability of Marksal to provide secure communications to remote regions, the anticipated joint venture would provide customers with new capabilities to deliver payment and banking services in areas that traditionally have been underserved. Together with Consorteum’s new focus on mobile application delivery of secure financial transactions, the new joint venture will allow the delivery of next-generation telecommunication and financial services anywhere in the world.
“This new joint venture will allow both companies to leverage their core competencies to better serve their customers,” commented Craig Fielding, CEO of Consorteum, Inc. “This alliance with Marksal Communications provides the ability to deliver secure financial transactions to areas traditionally isolated, and it opens up a tremendous market for new services while facilitating economic growth.”
“This joint venture with Consorteum is very exciting and will provide a unique solution for the delivery of secure financial transactions,” added William MacDonald, CEO of Marksal Communications, Inc. “Marksal is very committed to delivering their expertise and solutions, anywhere in the world, in this new joint venture.”
Under the proposed joint venture, Consorteum will contribute its proven payment solutions and Marksal will provide the communications infrastructure necessary to link remote areas into secure telecommunication and financial services, thus creating an overlay of new, sophisticated financial networks. According to today’s release, Consorteum Holdings will own 51 percent of the joint venture, and Marksal will own 49 percent of the joint venture.
For more information about the company, visit www.consorteum.com
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