n an announcement on December 20th, Consorteum Holdings, the software development company and mobile device solutions provider, disclosed that it has reached an agreement with Knockout Gaming to expand upon the Strategic Agreement the parties signed in March 2013. Since the operators first executed the original agreement, Knockout has made great strides in the continued enhancement of its online gaming platform.
Consorteum’s wholly owned subsidiary, 359 Mobile, has recently completed the framework integration of its Universal Mobile Interface platform into the mass scale transaction and settlement mobile gaming framework utilized by XpertX, Inc. Similarly, the extension of this Strategic Agreement empowers Knockout and 359 Mobile to capitalize on the combined strengths of two different platforms. Knockout will provide its platform to 359 Mobile, enabling it to deliver mobile online gaming products under Knockout’s existing gaming operator licenses to certain regulated markets worldwide, including the United Kingdom.
Consorteum’s CEO, Craig Fielding added, “We are extremely pleased to have reached a more encompassing strategic agreement with Knockout Gaming. Knockout’s online gaming platform is a proven commodity with a multitude of key components including but not limited to PCI compliance, transaction processing and settlement, and player regulatory verification capabilities. Our ability to join forces with Knockout will enable the Company to facilitate the development and release of gaming solutions on 359 Mobile’s UMI platform in 2018.”
Gray Knight, CEO of Knockout Gaming, commented, “Our team is extremely pleased to provide the operator support for 359’s exciting planned mobile product development and deployment. The combination of our online platform with UMI is an exciting step in the commercialization and monetization of our respective offerings.”