Consorteum Holdings,
an international transaction management and mobile solutions provider, today
reports that its wholly owned subsidiary, ThreeFiftyNine, Inc. (“TFN”), has
entered into a development contract with Bet Clearer Ltd., the parent company
of Bet Butler. The move is aimed at
developing a mobile application for Bet Clearer’s existing web-based betting
concierge service.
In the agreement,
TFN moves Bet Clearer’s mobile solution onto the ThreeFiftyNine mobile
platform. The TFN hybrid mobile platform assists in securing economical
delivery of mobile content across a variety of mobile devices. TFN simplifies
the delivery of a rich mobile experience to the end user by taking care of
issues such as compliance, administration and distribution of mobile content to
any handset. The strategy is to reduce the complexities of the mobile world and
make it easier to publish digital content.
The contract enables
the development, completion and release of a full mobile app for Bet Clearer.
Terms of the deal involve an upfront development fee and a joint-revenue share
between the two companies for revenues going forward. The distribution plan
calls for a beta release in the UK in Q4 of 2014 with future markets on the
horizon. With the mobile app in its
development phase the parties will continue discussions regarding ongoing
business arrangements and potential revenue share and partnership
opportunities.
Andy Hosie, managing
director of Bet Clearer, commented, “Upon evaluation of numerous mobile
solution candidates, we are pleased to announce our decision to partner with
TFN. The ability of their new cloud-based computing platform to deliver our
core services to any mobile device was a clear winner for us. Their platform
will provide the perfect solution to our mobile gaming needs.”
Craig Fielding, CEO
of Consorteum and president of TFN, said, “Today’s announcement expands further
on our previous release with Bet Clearer and lays the foundation for many more
exciting regional rollouts. We are excited to initiate our launch in the UK and
providing Bet Clearer’s customers the convenience and security that the TFN
mobile platform provides.”
Consorteum is a
mobile publishing and transaction management company with business endeavors
centered on transaction processing, including its suite of mobile offerings,
delivery of mobile content, mobile payments solutions and products through a
mix of partnerships, license agreements, and joint venture revenue share
models.
For more information
visit www.consorteumholdings.com
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