Global Payout, Inc. Signs Letter of Intent with Industry Leader, Cagney Global Logistics
May 02 2017 - 9:33AM
Marketwired
Global Payout, Inc. Signs Letter of Intent with Industry Leader,
Cagney Global Logistics, for The Use of The Global Payout
Technology Platform
SAN DIEGO, CA-(Marketwired - May 2, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") is pleased to announce it has
signed a Letter of Intent (LOI) with Cagney Global Logistics for
the utilization of the Company's technology platform. The platform
will be white labeled and implemented by Cagney to effectively
streamline and optimize the delivery and payment component of the
Final Mile for their Fortune 500 client base.
Cagney Global Logistics is a supply chain solutions provider
that has been a leader in global logistics, warehousing,
distribution, local delivery, residential delivery, storage,
reverse logistics, less than truck load (LTL) and full truck load
for more than 30 years. As a technological leader in the logistics
industry that has continuously strived to enhance the efficiency of
communication between suppliers, sourcing agents and drivers, we
believe Cagney will utilize the Company's technology platform to
further elevate this communication process. In addition, it is our
understanding that they will introduce a payment platform for
distributors that will completely streamline the process for
receiving payments for completed deliveries.
"Cagney has been one of the premier leaders in the logistics
industry for close to 30 years and has established a solid
reputation for being at the forefront of implementing technological
advancements that have maximized the entire logistics process for
their customers and distributors. They truly recognize how Global
Payout's technology platform can bolster these processes through
virtually every stage of the logistics supply chain, and we are
incredibly excited to be given an opportunity to provide them with
a platform that may serve as an essential tool for helping them
better-serve their customers and distributors," said Global Payout
CEO, James Hancock.
Tom Cagney, CEO & Founder of Cagney Global Logistics
asserted "that Global Payout's technology platform will include an
extensive Application Programming Interface (API) suite that can be
seamlessly integrated into existing applications such as settlement
networks, and commercial back-office solutions. In addition, a
mobile app will allow drivers to engage immediate payment
processing and proof of delivery upon successful delivery. We
believe our customers and delivery agents alike will love the
resulting reduction in deliver time, ease of payments and
efficiencies."
The Company continues to explore multiple avenues across
different industries where it believes it can leverage its
technology platform. This powerful platform can enhance financial
processes for a variety companies involved in mobile banking,
foreign exchange, payment processing, travel and logistics.
About Global Payout, Inc.Since the Company's inception in 2009,
Global Payout, Inc., www.globalpayout.com, has been a leading
provider of comprehensive and customized prepaid payment solutions
for domestic and international organizations distributing money
worldwide. In 2014, Global introduced its first online payment
platform called the Consolidated Payment Gateway (CPG), which
allowed its enterprise clients to transfer money to international
bank accounts, mobile accounts, and prepaid card accounts. The
development of the CPG became the foundation for the introduction
of its new, state of the art FINTECH payment system in 2017, for
both online and mobile applications to allow account holders to
maximize an expanded suite of financial services and minimize
operational costs. Global will continue to offer their FINTECH
payment system to many vertical markets for support of foreign
currency exchange and digital currency, including ongoing support
of the banking industry and international governments.
Forward-Looking Statements: Except for historical matters
contained herein, statements made in this press release are
forward-looking statements. Without limiting the generality of the
foregoing, words such as "may", "will", "to", "plan", "expect",
"believe", "anticipate", "intend", "could", "would", "estimate", or
"continue", or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Also, forward-looking statements
represent our management's beliefs and assumptions only as of the
date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements publicly, or to update the
reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future.
FOR ADDITIONAL INFORMATION:
Global Payout, Inc.
www.globalpayout.com
CONTACT:
Public Relations and Media Contact:
LCG
Headquarter Office
702.333.4886
www.lcginfo.com