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Consorteum Holdings Inc. Announces Merger and Acquisition of Consorteum Inc.

Companies to Join Forces to Focus on Providing Customer Centered Solutions

NEVADA, June 15, 2009 — Consorteum Holdings Inc. (OTCBB: CSRH), has acquired Consorteum Inc., a systems integrator within the financial services, payment and transaction processing industries, a Canadian based provider of payment and transaction solutions. Consorteum Holdings Inc. acquired Consorteum Inc. for 39,999,750 shares, of which management owns a controlling interest of over 26,000,000 shares.

Craig Fielding, CEO of Consorteum Holdings Inc. said, “This is the first step in executing the strategic direction of the company into its next stage of evolution. We are making great strides in providing the market with a revolutionary and innovative new way of doing business, focused primarily on customer requirements, versus technology. The future of payment processing puts less emphasis on the provider of the services and more on the empowerment of the user to put more profits in their pockets. We believe that by doing business this way, we will naturally increase our market share and provide long term shareholder growth.”

Consorteum Holdings Inc. will focus on providing leading edge solutions to financial institutions, healthcare, government, public, associations, and private sector companies for electronic transaction processing and management consulting. The company’s services provide customized, innovative technology solutions that create, augment and enhance customers’ existing systems. These enhancements and programs are aimed to serve underserved markets and provide equal opportunity for financial services to a greater audience. Consorteum Holdings Inc. works with a multitude of global technology partners that enable the company to create customized solutions for each of their clients across a broad spectrum of industries.

Mr. Fielding continues, “With our extensive industry experience, Consorteum Holdings, Inc. recognized a requirement within these niche and specialty industries to provide solutions to companies looking to maximize their business potential. We seized on this need and have assembled a team of broad based industry experts to provide leadership to capitalize on this opportunity. Look for future announcements to outline our products and programs in greater detail.”

About Consorteum Holdings Inc.

Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us as partners, not just a technology provider.”

For more information on Consorteum Holdings Inc., please visit: www.consorteum.com

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Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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