CSRH, Consorteum Holdings Inc. Announces Settlement of an Outstanding Investment Loan
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Tuesday Jan. 12, 2010
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CSRH, Consorteum Holdings Inc, CSRH.OB
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Consorteum Holdings Inc. Announces Settlement of an Outstanding Investment Loan
LAS VEGAS–Jan. 12, 2010 (CRWENEWSWIRE)–Consorteum Holdings, Inc. (OTCBB: CSRH) is pleased to announce that it has reached an agreement with a private investor to settle an outstanding investment loan.
The investor has agreed to accept 1,500,000 shares at a price of 0.20 per share as settlement for their $300,000 investment loan.
Craig Fielding, CEO of Consorteum Holdings Inc., commented, “It is important that in addition to growing revenues, we are also making efforts to enhance our balance sheet. We believe this settlement presents excellent value for our shareholders as we reposition for 2010.”
About Consorteum Holdings Inc.
Consorteum Holdings Inc. will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us as partners, not just a technology provider.”
For more information, please visit: www.consorteum.com
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
Consorteum Holdings Inc.
866-824-8854
investors@consorteum.com
Source: Consorteum Holdings Inc.
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