Consorteum Holdings Inc. announced that it has entered into a Strategic Partnership Agreement with Knockout Gaming, Inc. Under the terms of the Agreement, Consorteum will purchase a 10% ownership interest in Knockout Gaming. Consorteum will act as Knockout Gaming's exclusive provider of financial transaction servicing. In addition, Consorteum will work to open up additional channel partner opportunities across multiple verticals for which the company will earn various fees.

The Agreement allows Consorteum to resell Knockout Gaming's licensed online gaming platform called FIREPLAY in all legal jurisdictions worldwide. Knockout Gaming prides itself on delivering the most advanced games available to players using a cutting-edge platform that is safe, secure and engaging.