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Consorteum Holdings, Inc. To Introduce My Golf Rewards Program
Consorteum Joins Forces to Create a New Loyalty and Rewards Program for the North American Golf Industry
NEVADA, July 7, 2009 Consorteum Holdings Inc. (OTCBB: CSRH) announced today that it has proceeded with a joint venture relationship with a partner company within the loyalty and rewards industry. This joint venture will be implemented through a new company named “My Golf Rewards.”, a majority owned subsidiary of Consorteum Holdings, Inc.
My Golf Rewards will acquire a license for a new technology platform that will allow the company to provide loyalty and retention programs targeted towards the North American Golf Industry. Loyalty programs today are becoming an essential part of most businesses to help drive new revenues and increase customer retention.
Quent Rickerby, President & COO of Consorteum Holdings Inc., said, “My Golf Rewards offers the golf industry a new and innovative way to better serve and reward its members, while generating new revenue and profit opportunities within the golf facility. The program will enable golf courses to market to their members in a more defined and targeted manner.”
My Golf Rewards will attain its revenues based on compensation from each participating golf course in the program. Fees are charged on every transaction processed, plus a percentage of the total sale or redemption amount. Currently there are over 15,000 golf course facilities in the United States and 2,000 plus in Canada.
Participating golf courses in the My Golf Rewards program can anticipate increased revenues and the establishment of direct long term relationships with their members. My Golf Rewards cardholders will receive rewards and savings though the use of the program.
Mr. Rickerby added, “In the future, Consorteum will leverage this new relationship to offer loyalty and rewards solutions to our existing and future clients across a multitude of industries.”
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
About My Golf Rewards
My Golf Rewards Canada Inc. is a joint venture company between Consorteum Holdings Inc. and Innovative Loyalty Solutions (ILS). The My Golf Rewards program is a state of the art Loyalty system designed specifically for the Golf Industry. The program is designed to stimulate frequency of play and incremental spending within the golf course. Using advanced software capabilities, our card-based program tracks the golfers’ playing and spending habits throughout the golf course when the member presents their membership card. This valuable information is then leveraged by the golf course to offer further value and incentives to the members to drive incremental spend. The focus of the program is public and semi-private golf facilities whose participation in the My Golf Rewards program will drive new revenues to the golf industry within North America.
For further information on My Golf Rewards, please visit: www.mygolfrewards.ca
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