Global Payout, Inc. Finalizes Licensing Agreement with Cagney Global Logistics for the use of the Global Payout Technology Pl...
August 14 2017 - 08:30AM
Marketwired
Global Payout, Inc. Finalizes Licensing Agreement with Cagney
Global Logistics for the use of the Global Payout Technology
Platform
SAN DIEGO, CA-(Marketwired - Aug 14, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") today announces that it has
finalized and fully executed a Licensing Agreement with Cagney
Global Logistics for the exclusive white labeling and
implementation of the Global Reserve Platform. The Platform will be
integrated into Cagney's existing delivery and payment component,
the Final Mile solution, to enhance its Fortune 500 customer web
sales.
The finalization of this agreement comes on the heels of the
Letter of Intent that was executed between the companies on May 1,
2017. Under the LOI, Global Payout and Cagney entered into advanced
phases of planning the integration of the Global Reserve Platform
into the existing processes and software currently utilized by
Cagney for its logistics supply chain.
"Our technical team has been diligently working to address the
specific needs and requests that have been presented to us by
Cagney," says Global Payout President William Rochfort. "In this
time, we have developed a more in-depth understanding as to how the
intricate components available in our Global Reserve Platform can
be configured to deliver a platform for Cagney that will completely
enhance the logistics supply chain process experience for its
customers and delivery partners."
Global Payout expects that the finalization of this Licensing
Agreement will provide the Company with a revenue stream as early
as the beginning of the third quarter of 2017. For Cagney, the
agreement will enable improved payment and supply chain
efficiency.
"The Global Reserve Platform provides Cagney Global Logistics,
our e-commerce customers, and 'Final Mile' delivery partners
anywhere in the United States, a true market differentiator
streamlining payment solutions and pipeline visibility. Home and
office web sale deliveries for the exploding 'e-tailer' marketplace
is by far the hottest space in logistics today," said Tom Cagney,
founder and CEO. "Customer success is our goal, and Global Payout
has provided us with a truly unique solution to speed delivery,
payment options and cloud based control tower visibility."
Global Payout and Cagney will collaborate on the integration of
the Global Reserve Platform with the intent to roll-out a test
launch in key markets in the coming weeks.
About Global Payout, Inc. Since the Company's inception in 2009,
Global Payout, Inc. has been a leading provider of comprehensive
and customized prepaid payment solutions for domestic and
international organizations distributing money worldwide. In 2014,
Global Payout 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,
designed for both online and mobile applications to allow account
holders to maximize an expanded suite of financial services and
minimize operational costs. Global Payout will continue to offer
its 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.
For more information, visit www.GlobalPayout.com
About Cagney Global Logistics Cagney Global Logistics is a
supply chain solutions provider specializing in full-service,
client-specific "gain sharing" programs. The Company brings
transportation intelligence to businesses, using customized
solutions, giving them meaningful and measurable advantages. For
over 28 years, Cagney Global Logistics 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. Cagney Global Logistics dedication to
teamwork, technological advancement and customer satisfaction has
made the success of their customers the basis of their own
success.
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.
Public Relations and Media Contact: Global Payout
www.GlobalPayout.com 619.795.5180 Office
Information@GlobalPayout.com Communications Contact:
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