Consorteum Holdings, Inc. was pleased to announce this morning that it has reached an agreement to raise additional financing with private investors. According to the press release, these investors have already had an investment interest in the company. This agreement will provide for an initial investment of up to $1,000,000 USD in the first two fiscal quarters of 2010.
Consorteum will use the funds to enhance the delivery schedules of current contracts as well as to pursue additional contracts in North American and International markets. This marks the first 2010 financial engagement for Consorteum Holdings as it focuses on new market opportunities for the new year.
Craig Fielding, CEO of Consorteum Holdings Inc., stated, “The market for our solutions is expanding rapidly. With full expectations of additional growth in our contract portfolio this year, this infusion allows us to pursue these opportunities more aggressively.”
Beginning next month on a draw down basis at Consorteum’s discretion, the funding will allow the company to take full advantage of new business opportunities.
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