|By Marketwired .||
|February 11, 2013 12:42 PM EST||
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."
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
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.
For additional information, please contact
Chief Operating Officer
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jan. 27, 2015 03:00 AM EST Reads: 9,966
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Jan. 27, 2015 02:00 AM EST Reads: 4,440
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Jan. 27, 2015 01:00 AM EST Reads: 4,066
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Jan. 27, 2015 12:30 AM EST Reads: 5,418
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
Jan. 27, 2015 12:00 AM EST Reads: 3,977
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
Jan. 26, 2015 11:30 PM EST Reads: 2,190
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Jan. 26, 2015 09:00 PM EST Reads: 4,006
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Jan. 26, 2015 07:45 PM EST Reads: 3,925
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Jan. 26, 2015 06:15 PM EST Reads: 5,157
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Jan. 26, 2015 06:00 PM EST Reads: 4,589
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
Jan. 26, 2015 06:00 PM EST Reads: 2,692
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
Jan. 26, 2015 06:00 PM EST Reads: 4,884
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
Jan. 26, 2015 05:45 PM EST Reads: 5,252
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 26, 2015 02:30 PM EST Reads: 4,051
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Jan. 26, 2015 02:15 PM EST Reads: 4,837
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
Jan. 26, 2015 01:45 PM EST Reads: 3,433
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Jan. 26, 2015 01:15 PM EST Reads: 3,854
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 26, 2015 01:00 PM EST Reads: 5,671
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 26, 2015 11:30 AM EST Reads: 3,507
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
Jan. 26, 2015 11:00 AM EST Reads: 4,525