|By Marketwired .||
|May 20, 2014 08:32 AM EDT||
TORONTO, ON -- (Marketwired) -- 05/20/14 -- Consorteum Holdings, Inc. ("Consorteum" or the "Company") (OTCQB: CSRH), an international transaction management and mobile publishing company, today announces that its wholly owned subsidiary, ThreeFiftyNine, Inc. ("TFN"), in partnership with XpertX, Inc., has completed the development work on a new mobile results app for live Keno. With proof-of-concept now validated, this new app is designed to deliver a state-of-the-art mobile Keno solution to virtually any mobile device, regardless of operating system.
"We are very excited to join forces with XpertX, a recognized leader and innovator in Keno gaming since 1987. We believe the ability to deliver real time gaming results to Keno players will be extremely well received in every territory we introduce our application into. For the first time, a Keno player will be able to use his mobile phone and gain access to the results of Keno games played at many casinos across the United States. Mobile is clearly what the Keno customers want and the ability to view Keno results is just the first step in being able to offer a pay-for-play version of this game wherever allowed," Craig Fielding, CEO of Consorteum and president of ThreeFiftyNine, stated.
Consortium worked closely with XpertX, widely recognized as an industry leader in Keno gaming, to validate the mobile app capabilities. XpertX is also the top manufacturer and supplier of live-action Keno systems and Keno-associated products and services. Through a collaborative effort, ThreeFiftyNine and XpertX will provide integral components for the application. ThreeFiftyNine's contributions primarily involve:
- Establishment of game server and various integration functions
- Platform and technology services
- Publishing and distribution of the app
- Various support services, including database management, hosting, billing and data protection, and privacy considerations and compliance
XpertX will enable ThreeFiftyNine to utilize its proven math engine and game logic for the mobile offering, and will contribute the following:
- Back-end Keno software and platform ensuring the integrity of the database
- Backup and recovery to protect all gaming data and prevent loss of data
- Management of all regulatory approval, licensing and auditing in each territory the app is introduced into
- Knowledge of intricacies of Keno and player preferential trends
- Wide-area Keno progressive capabilities with life-changing jackpot potential
- Multiple gaming licenses
- Industry-wide name recognition in live-action Keno
- Long standing vendor relationships with major casino groups
"We are extremely optimistic to join forces with TFN bringing live Keno to mobile gaming within the limits allowed by each jurisdiction," said XpertX founder and President Eric Thomassian. "The game of Keno, by its nature, lends itself quite well to a mobile platform. This venture offers enormous potential not only for TFN and XpertX, but also for Gaming operators in terms of increased opportunities for incremental revenue through wide exposure of Keno to a new, younger audience that is solidly entrenched in mobile technology."
About Consorteum Holdings, Inc.
Consorteum Holdings, Inc. is a transaction management and mobile publishing company focused on transaction processing, including its suite of mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging a wide range of products and services to develop end-to-end, turn-key card and payment transaction processing solutions. The Company has extensive expertise within the Payments and Transaction Industry in North America and internationally. For more information about the Company, please visit: www.consorteumholdings.com.
About XpertX, Inc.
XpertX, Inc. is the leading manufacturer and supplier of live-action Keno systems and Keno associated products and services and also offers a specialized Bingo product called Wild Spots BingoTM. They design, manufacture, distribute and provide service for their Keno and Bingo related products. In addition to its Nevada manufacturer's and distributor's licenses, XpertX holds an OILs license in the State of Nevada, which allows it to operate multi-jurisdictional Keno progressives nationwide. XpertX is the operator of MegaKeno®, Mega10®, and other wide-area progressives. While most of their business is conducted in the United States, XpertX Systems can also be found in casinos and other gambling locations in Canada and in nations worldwide.
Forward Looking Statements
Certain statements set forth in this press release constitute "forward-looking statements." 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 that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. 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. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings made with the United States Securities and Exchange Commission.
Chief Operating Officer
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 24, 2016 10:00 PM EDT Reads: 1,940
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 24, 2016 09:45 PM EDT Reads: 1,902
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Jul. 24, 2016 09:45 PM EDT Reads: 1,624
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jul. 24, 2016 09:45 PM EDT Reads: 2,116
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 09:00 PM EDT Reads: 1,463
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 24, 2016 09:00 PM EDT Reads: 2,457
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 24, 2016 07:45 PM EDT Reads: 1,845
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 24, 2016 07:30 PM EDT Reads: 1,687
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 07:30 PM EDT Reads: 2,048
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 24, 2016 07:30 PM EDT Reads: 1,706
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 24, 2016 07:15 PM EDT Reads: 1,854
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 24, 2016 07:00 PM EDT Reads: 1,926
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 24, 2016 06:45 PM EDT Reads: 2,033
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 06:45 PM EDT Reads: 1,756
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 06:15 PM EDT Reads: 1,376