Consorteum Holdings, Inc. (Holdings), formerly, Implex Corporation, is a development stage company. The Company provides technology solutions and management expertise to companies and organizations looking to develop, streamline or augment their methods of processing payment transactions. It operates as a technology and services aggregator to meet the needs of its client base by leveraging its partner technologies to develop end-to-end, turn-key card and payment transaction processing solutions. On June 15, 2009, the Company acquired 100% interest in Consorteum, Inc. (Consorteum), to which Consorteum became a wholly owned subsidiary of the Company. As a result of the exchange, the Company became a holding company and the Company’s business is conducted through Consorteum, it subsidiary.