Consorteum Holdings, Inc. (OTC Pink: CSRH) is engaged within the development of Fintech-based mobile platforms. Shares of the mobile technology developer surged 63.64%, during trading on Tuesday, March 27, 2018. Over the past month, Consorteum Holdings, Inc. has seen average daily volume of 5.83 million shares. However, volume of 51.8 million shares or dollar volume of $93,240, exchanged hands on the day.
Shares of Consorteum Holdings, Inc. surged today after the company announced that it has executed an exclusive distribution agreement with DevLex, Ltd., a real-time data analytics solutions provider. Through the use of the DevLex data analytics, Consorteum Holdings, Inc. is focused on developing mobile analytical solutions for Fintech, sports wagers, commodities, and other topics that utilize historical data. Here is the full press release detailing of the exclusive distribution agreement:
Consorteum Holdings, Inc. Press Release:
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.