Highest Grossing Quarter: Global Payout More than Doubles Revenue
November 20 2019 - 1:22PM
InvestorsHub NewsWire
Highest Grossing Quarter: Global Payout More
than Doubles Revenue
SAN
DIEGO, CA -- November 20, 2019 -- InvestorsHub NewsWire --
Global Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is very pleased to announce that their
Third Quarter Disclosure has been published on OTC Markets and
shows a significant increase in revenue over Q2 of this year. Gross
revenue nearly tripled and net revenue more than doubled over the
previous quarter.
“We
are extremely pleased with the revenue figures we have posted for
the third quarter. The objective for 2019 has been to create
a sustainable revenue stream for the Company which, in my opinion,
we have achieved with MTrac. I am regularly encouraged by the
resiliency my team continues to demonstrate in navigating the many
different challenges of providing sustainable financial services
within the Cannabis industry,” said Global Payout CEO, Vanessa
Luna. “With 2020 on the horizon we are focused on diversification
opportunities for Global Payout that will translate, we believe,
into more revenue streams for our Company and keep us on our path
to profitability. We have dedicated extensive resources to
rebuilding the foundational structure of Global Payout and truly
believe that these efforts will culminate when we complete the
audit and file our Form 10 Registration
statement.”
The
Company plans to focus the remainder of the year on continued
efforts in banking, software developments, and system enhancements,
in addition to guiding its ongoing two-year audit to completion.
We intend to continue to keep the public apprised of our
progress as these develop.
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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