Monday, January 29, 2018

Consorteum Holdings, Inc. (CSRH) Extends Strategic Agreement with Knockout Gaming, Inc.

  • Transaction combines the strengths of the two different platforms of the companies
  • CSRH growing through partnerships, license agreements and revenue-sharing joint ventures
  • Eyeing more opportunities in the mobile FinTech industry, CSRH leverages its expertise in vertical-based and direct solutions
Consorteum Holdings, Inc. (OTC: CSRH) has extended its strategic agreement with Knockout Gaming, Inc. (http://nnw.fm/3BsLo). CSRH said that Knockout Gaming has enhanced its online gaming platform, and, under the agreement, Knockout will provide its platform to Consortium’s 359 Mobile, Inc., a wholly-owned subsidiary that recently completed the framework integration of its Universal Mobile Interface™ (“UMI”) platform into a mass scale transaction and settlement mobile gaming framework.
The announcement indicates that, by providing its platform to 359 Mobile, Knockout Gaming will be able to deliver mobile online gaming products under existing licenses to certain regulated gaming markets worldwide, including the United Kingdom. The new strategic agreement will allow the companies to combine the strengths of their two different platforms, per the news release.
CSRH is a software development company and a mobile device solutions provider, delivering complex mobile-based transactions through partnerships, license agreements and revenue-sharing joint venture arrangements. It eyes growth in FinTech, or next-generation financial technology, enabling it to leverage its expertise in vertical-based and direct solutions. Its UMI technology can provide digital solutions in data analytics, payment processing and other opportunities in the mobile FinTech industry and its associated verticals.
In a news release, Craig Fielding, CEO of CSRH, said, “We are extremely pleased to have reached a more encompassing strategic agreement with Knockout Gaming. Knockout’s online gaming platform is a proven commodity with a multitude of key components including but not limited to PCI compliance, transaction processing and settlement, and player regulatory verification capabilities… Our ability to join forces with Knockout will enable the company to facilitate the development and release of gaming solutions on 359 Mobile’s UMI platform in 2018.”
Gray Knight, CEO of Knockout Gaming (http://nnw.fm/YrOX0), noted that, “The combination of our online platform with UMI is an exciting step in the commercialization and monetization of our respective offerings.”
Knockout Gaming is a diverse company in iGaming, offering a turnkey casino solution. It has more than 300 online casino games, including 3D animated games, online poker, a sports betting platform and live dealers online for games such as roulette, blackjack and baccarat. Its goal is to generate maximum revenue for its partners, offering its clients flexible digital solutions.
For more information, visit the company’s website at www.Consorteum.com
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