ATLANTA, Jan. 17, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsWire -- Consorteum Holdings, Inc. ("Consorteum" or the
"Company") (OTC:CSRH), a software development company and mobile device solutions provider, announced today that it has reached an
agreement with XpertX, Inc. to release XpertX’s patented Wild Spots Bingo® Mobile game in new international markets. Wild Spots
Bingo Mobile will be integrated into Consorteum’s wholly owned subsidiary’s 359 Mobile Inc. Universal Mobile Interface™ (“UMI”)
gaming platform. Its initial release is expected to occur in the UK in mid-2018 with planned additional launches in other
European markets later in the year. Wild Spots Bingo is a patented spin-off of classic bingo. The offering incorporates all
the fun and entertainment of classic bingo into a pattern-based, house-banked game.
XpertX’s Wild Spots Bingo® uses a traditional 5 X 5 Bingo grid, which is auto-populated with random numbers following the
traditional B-I-N-G-O numeric ladder. Players wager on a favorite pattern positioned within the grid. The object is to match
the pattern numbers with the randomly selected numbers that comprise the 75-number draw. “Wild Spots” replace missing numbers to
offer lesser pays. Consorteum’s Wild Spots Bingo digital wallet solution enables players to virtually load or cash out
credits from their Wild Spots Bingo accounts, which facilitates play and win opportunities anywhere the mobile device is
operational. Inherent game odds enable operators to offer numerous patterns featuring a wide variety of payout schemes that
range from easier-to-hit “catches” of smaller size to significant jackpots in the “life-changing” category.
Craig Fielding, CEO of Consorteum, commented, “We are very excited to have Wild Spots Bingo released later in the year as the
first wager-based mobile game offered on our UMI platform. The UK and European market is a perfect target market for this offering.
For years, industry analysts have cited the increasing growth of online gaming activity in the UK and Europe, including
casino games, poker and especially bingo. The availability of mobile access is a natural progression of the consumer’s demand for
information and entertainment anytime, anywhere. Our Wild Spots Bingo mobile offering is designed to help satisfy that need.”
Eric Thomassian, CEO of XpertX, added, “We have seen real excitement and interest in Wild Spots Bingo in the US market. We are
thrilled that we can join forces with 359 Mobile to launch this product into the European market and begin to generate joint
revenues.”
About Consorteum Holdings, Inc.
Consorteum Holdings, Inc. is a mobile platform company focused on delivering compliant complex mobile-based transactions through
a mix of partnerships, license agreements, and joint venture revenue share arrangements. The Company is focused on FinTech,
otherwise known as next-generation financial technology. Consorteum aims to capitalize on the broad variety of technological
interventions into personal and commercial transactions by focusing its efforts and resources where it can leverage its expertise
in direct and vertical based solutions.
For more information about the Company, please visit: http://consorteum.com
About XpertX, Inc.
XpertX is a leading manufacturer, distributor, supplier and service provider for live-action keno systems, peripherals and
services worldwide. XpertX has recently launched a proprietary product called Wild Spots Bingo®. Players make Wild Spots
Bingo wagers on mobile or tablet devices that are tied to a centralized draw. XpertX holds 23 Gaming Licenses throughout the United
States and Canada. XpertX is the operator of MegaKeno®, Mega10® and Jumbo Keno® wide-area progressives. It also hosts
The Keno Information Network®, at www.kenousa.com, a keno results site which shows live draw results for subscribers. While
most of its business is conducted in the United States, XpertX Systems can also be found in casinos and other gaming locations,
with its reach extending as far as the Solomon Islands.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of
1995. 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 any of which could cause actual
results to differ materially from those expressed in or implied by the forward-looking statements. 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, its limited financial resources,
domestic and global economic conditions, activities of competitors and the presence of new or additional competition, and changes
in federal, state or foreign laws impacting the Company and its business.
We assume no obligation to revise or update any forward-looking statement except as otherwise required by law.
Company Contact:
Patrick Shuster
Chief Operating Officer
patrick@consorteum.com
(888) 603-5161
Corporate Communications Contact:
NetworkNewsWire(NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
SOURCE: Consorteum Holdings Inc.
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