ATLANTA, March 27, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Consorteum Holdings, Inc. ("Consorteum" or the "Company")
(OTCPK:CSRH), a software development company and mobile device solutions provider, today announced that its wholly owned
subsidiary, 359 Mobile Inc. (“359”), has finalized terms and executed an exclusive distribution agreement with DevLex Ltd. The
distribution agreement creates an exclusive alliance for the distribution of the DevLex Predictive Analytics Platform (“DV-PA”)
with 359’s Universal Mobile Interface™ (“UMI”). The DV-PA will allow real time mobile analytic solutions to be developed for
markets such as FinTech, Sports Wagering, Commodities management and other verticals that utilize significant historical data sets.
The first utilization of the DV-PA will be a sports based analytic mobile offering projected for release in the second quarter of
2018.
Consorteum CEO Craig Fielding stated, “We are extremely pleased that we have finalized a distribution contract with
DevLex and anticipate the first product release utilizing the DV-PA platform in the second quarter of 2018. This first offering
will give everyone a clear understanding of the tremendous capabilities and potential scale of the mobile solutions Consorteum
intends to provide moving forward.”
Ian Copeman (Founder\MD of DevLex) commented, “The execution of our exclusive distribution contract with Consorteum
and 359 Mobile is a cornerstone that both companies will continue to build upon. The opportunities that we foresee for the DV-PA
offering are expansive and we are looking forward to our first joint release shortly.”
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://www.Consorteum.com
About DevLex Ltd.
Founded to develop complex mobile application solutions over 10 years ago, DevLex continues to develop leading edge
solutions for the mobile market. The most recent innovation has been the significant investment in its DevLex DV-PA framework,
which allows real time analytics and predictive analytics to be developed and deployed to mobile devices. The solution will be
targeted at any type of FinTech solution utilizing complex historic data sets. For more information about DevLex, please
visit: http://www.devlex.com
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 or State 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.
Contact:
Patrick Shuster
Chief Operating Officer
patrick@consorteum.com
(888) 603-5161
SOURCE: Consorteum Holdings, Inc.
NNW Contact:
NetworkNewsWire(NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
