Consorteum Holdings Inc. (CSRH.OB) Announces Merger and Acquisition of Consorteum Inc.
Yesterday after the closing bell, Consorteum Holdings Inc. announced that it has acquired Consorteum Inc., a Canadian-based provider of payment and transaction solutions. Consorteum Inc. was acquired 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., stated, “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…