Merchants Choose MTrac: Processing Reaches Tens of Millions of Dollars in Volume
September 04 2019 - 8:00AM
InvestorsHub NewsWire
Merchants Choose MTrac:
Processing Reaches Tens of Millions of Dollars in
Volume
SAN
DIEGO, CA -- September 4, 2019 -- InvestorsHub NewsWire
-- Global Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) and its wholly owned subsidiary MTrac
Tech Corporation (“MTrac”) are pleased to announce that as
the Company enters the last month of the third quarter of 2019 it
has reached a point where it is effectively processing tens of
millions of dollars in daily transaction volume across its growing
base of clients in the multibillion-dollar cannabis
industry.
As demonstrated in the Company’s
recent Q2 disclosure detailing Company financials, MTrac’s growth
trajectory has remained positive and has continued to gain
significant traction throughout the year. This growth can be
attributed to the successful strengthening of their foothold and
market reach in what has become one of the most dynamic industries
in today’s economy. This feat has been accomplished in part through
MTrac’s success in securing several strategic service agreements
with some of the largest companies in the industry
today.
The company has recently signed a
new account application with an anticipated 34 locations and has
applications coming in weekly for the services offered through
MTrac.
In addition to their expanding
market reach, the Company is also fully engaged with key
legislative partners in different states to help push for the
adoption of their system as a means of providing merchants within
these states with a viable and compliant payment processing
alternative to cash as they remain focused on delivering “The Key
to Cashless®” to as much of this diverse and expanding industry as
possible.
About Global Payout,
Inc. (OTC
Pink:GOHE)
Since
the Company's inception in 2009, Global Payout, Inc. has been a
leading provider of comprehensive and customized prepaid payment
solutions. From
2014 to 2017 Global focused on identifying new state of the art
technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac Tech
Corp.
MTrac
Tech Corporation, a Nevada Corporation, is a privately held, wholly
owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTrac’s creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to
Cashless®.”
Forward-Looking
Statements Disclaimer:
This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
In some cases, you can identify forward-looking statements by the
following words: "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac
Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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