TORONTO--(Marketwired - Apr 16, 2013) - Consorteum Holdings Inc., a Nevada corporation ("Consorteum" or the "Company") (
The Company has also agreed to make available a limited line of credit for acquisitions that will grow the business and accelerate brand awareness. In conjunction therewith, KO Entertainment will sign a separate agreement providing for the repayment of funds advanced pursuant to the line of credit. Through a revenue sharing agreement with KO Entertainment, Consorteum will receive a percentage of revenue generated from each acquired business in which the Company participated.
Craig Fielding, Consorteum's CEO, stated, "Consorteum is continually looking for ways to expand its presence in the market and to diversify its product offerings. Our partnership agreement with Knockout Gaming announced earlier this year was a first step in enabling Consorteum to put in place cross marketing channel opportunities in the online and mobile gaming verticals. KO Entertainment provides valuable brand awareness expansion opportunities from which both Knockout and Consorteum will benefit."
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, turn-key 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, please visit: www.consorteum.com
About KO Entertainment
KO Entertainment, Inc. distributes quality entertainment and media products in the online, digital, and print media. Its latest offering is the debut of Knockout LIVE on Roku IPTV Systems. Knockout LIVE will be the first network to stream in Blu-ray quality via IPTV, featuring 'Maximus Overdrive', non-stop music videos in high quality picture and sound.
The network started a sixty-day beta in February 2013 free to pre-subscribers and as a result gained input viewers and pre-subscribers well above expectations. KO Entertainment will offer its viewers a compression technology that promises to be more advanced than any other consumer experience ever released. We have targeted our launch on May 1, 2013, for Roku and other IPTV host systems.
The music network is the first of a series of networks to be introduced through the new entertainment suite focused on Blu-ray real-time streaming events. The Knockout 'Live' network will be hosting exclusive pay-per-view interactive concerts that are interactively charged, linking to all social networks with fully hosted formats.
The network introduces for the first time Blu-Ray level quality streaming access of these major entertainment events. The events can be viewed via most IP ready devices around the world and socially charged for the ultimate interactive experience.
The entertainment suite in Knockout LIVE can host up to fifty new networks on KO's current platform and expand with more investment in infrastructure. KO Entertainment is planning to add new entertainment network options in sports, comedy, television, and other niche media interests over the next several months.
Knockout Entertainment also intends to assist other IPTV global-ready networks which the network may host to further advance these select products at a higher quality access. Knockout LIVE will announce the additional networks within the suite as the agreements are reached with these network managers.
For more information, please visit: www.KnockoutLIVE.com.
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.