Global Payout Announces Its Majority Owned Subsidiary MoneyTrac Technology, Inc. Has Executed An LOI In Establishing a Strategic
May 31 2017 - 6:45AM
Marketwired
Global Payout Announces Its Majority Owned Subsidiary MoneyTrac
Technology, Inc. Has Executed An LOI In Establishing a Strategic
Partnership With PotSaver, "The First Deal Engine in The Cannabis
Industry"
SAN DIEGO, CA-(Marketwired - May 31, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTT") has
completed a Letter of Intent ("LOI") and business development
relationship with PotSaver, a Southern California based community
periodical providing listings on discounted cannabis-related
products for local dispensaries and shops.
With much of MTT's core market focused within the
cannabis-related industry, management believes this JV agreement
and business development partnership will be mutually beneficial to
the strategic growth of both companies within the burgeoning
industry they share.
Additionally, through the business development partnership they
have established, MTT will offer PotSaver valuable guidance and
direction in the development and rollout of various marketing
strategies. MTT will also work in close collaboration with their
management team to fortify their internal business structure and
effectively sustain future growth.
"Because the cannabis industry is growing so rapidly and
seemingly changing by the day, forming a strategic relationship
such as this one with PotSaver is going to be key for companies
looking to not only establish their presence within the industry,
but also successfully adapt to the challenges that are commonplace
in such a young and developing market sector," said MTT COO,
Vanessa Luna.
"Completing this LOI and establishing this partnership with the
MoneyTrac team is something that I believe will be incredibly
beneficial to the successful growth of both our companies," said
Aaron Adler, Founder and CEO of Adler Advisors LLC, the owner of
the PotSaverâ„¢ brand. "I am excited to share with the MTT team the
unique and valuable information and knowledge I have acquired while
working in the cannabis industry over the past several years as I
believe it can help further their business objectives. I am also
looking forward to the opportunity to tap into the impressive
experience they have in the business development sector to help
further the business objectives of PotSaver - I truly see this as a
win-win scenario for both our companies," Mr. Adler further
commented.
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.
About MoneyTrac Technology MoneyTrac Technology, Inc. is a
pioneer in offering a full-service solution for alternative banking
and electronic financial solutions and provides all aspects of
financial technology including E-Wallet and mobile apps services
for businesses and companies in various "high-risk" industries.
MoneyTrac's technology platform allows for its clients to access
their financial information from anywhere in the world, in addition
to providing tracking and compliance to help them manage and
control the flow of all revenue through their business.
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:
MoneyTrac Technology, Inc. www.moneytractechnology.com
Global Payout, Inc. www.globalpayout.com
PotSaver www.potsaver.net
CONTACT FOR GLOBAL: Public Relations and Media Contact: LCG
Headquarter Office 702.333.4886 www.lcginfo.com