An Industry in Need: MTrac 2020 Successfully Introduced at MJBizCon
December 18 2019 - 8:00AM
InvestorsHub NewsWire
An Industry in Need: MTrac 2020 Successfully
Introduced at MJBizCon
SAN
DIEGO, CA -- December 18, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to announce that while in
attendance at last week’s Marijuana Business Convention
(“MJBizCon”) in Las Vegas that their team had a successful showcase
of the new and improved MTrac payment platform set to roll out in
early 2020. The MTrac 2020 system, which is currently in its final
stages of development and beta testing, will feature a more
attractive user interface, improved reporting capabilities and key
enhancements to the ledger and its recording and auditing
proficiencies. Furthermore, the system will continue to provide
users with the most robust and seamless cashless payment processing
system available in an industry which remains extremely limited in
viable payment processing solutions.
While in attendance at MJBizCon, the MTrac team
had the opportunity to meet and connect with a variety of
individuals and business owners throughout the industry and discuss
with them the challenges that remain present due, in large part, to
the absence of a stable banking system.
“It
is truly astounding to see how underserved this industry remains
from a banking and payment processing perspective despite the
powerhouse it has become,” said MTrac EVP David Flores. “However,
this simply reinforces the unique and significant opportunity that
exists for those of us who are willing to carefully navigate the
inherent complexities and challenges that are associated with
operating in this particular sector of the industry. In speaking
with several different industry professionals at the convention,
the most common word used to describe this sector was “volatile,”
due to the constant restrictions and changes it is subjected to
from a regulatory standpoint. In my opinion this is why we have
witnessed multiple solutions in this sector come and go since we
last attended this event in 2018. The MTrac 2020 platform will
represent another step forward in our evolution and represents the
culmination of the experience we have cultivated attempting to
solve this problem for the Cannabis industry. We have met many of
the challenges that have derailed other companies and have managed
to navigate them. We will come into 2020 stronger than ever and
ready to deploy what we believe to be the most stable and
user-friendly system available to this market to
date.”
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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