LAKE TAHOE, Nev., Jan. 4, 2012 (GLOBE NEWSWIRE) -- Consorteum Holdings Inc. ("Consorteum" or the "Company"), soon to be Game2Mobile International Corporation (OTCQB:CSRH), today announced that it has completed the acquisition of Tarsin Inc., a Nevada corporation, from Tarsin (Europe) Ltd., a UK company, in a combination of cash and stock. Tarsin Inc. is a wholly owned subsidiary of the Company. Tarsin is located in Lake Tahoe, Nevada, which will become the new headquarters for the Company.
"The acquisition of Tarsin is the first step to moving our Company into Mobile Publishing," said Patrick Shuster, the Company's Chief Operating Officer. "Tarsin has spent the past nine years as a premier mobile publisher, building a team of software developers that understands the issues and complexities of delivering digital media content across mobile handsets. Tarsin brings with it integration and support for over 700 mobile carriers globally and has experience with delivering mobile applications as the mobile publisher of Dilbert, Hallmark, Mattel, to the mobile applications market on a seamless and secure platform," Shuster added. "In essence, Tarsin will allow the Company to take advantage of the increasing demand for delivery of rich mobile content to the end user, which complements and extends Consorteum's capabilities and positions us to compete in world markets."
John Osborne, CEO of Tarsin, added, "We are delighted to begin 2012 as a wholly owned subsidiary of Consorteum, and excited about the new propositions and service offerings that this acquisition enables us to target and deliver."
About Consorteum
The Company is a mobile publishing company focused on 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. For more information about the Company, please visit: www.consorteum.com, www.tarsin.com, and www.mediaexchangegroup.com.
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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's business. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available through the United States Securities and Exchange Commission.
For more information, please contact Patrick Shuster by e-mail at patrick@tarsin.com or by phone at (888) 702-3410.