Global Payout Continues to Receive Capital at 10x Valuation for Audit Finalization
February 06 2020 - 8:00AM
InvestorsHub NewsWire
Global Payout Continues to Receive Capital at
10x Valuation for Audit
Finalization
SAN
DIEGO, CA -- February 6, 2020 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to announce that they have
received several new tranches of capital at a 10x valuation. The
continued infusion of capital will be used to finance the Audit of
2019 and support the filing of a Form 10 Registration
statement.
“We
are exploring partnerships with several major players in payment
processing, but also in other key market sectors,” Said Global
Payout CEO, Vanessa Luna. “We are extremely grateful to have this
continued support and plan to leverage it to significantly expand
the reach of Global Payout. The audit for 2019 should be a
much smoother process, considering the work completed on our
2017-2018 financial cleanup. Moving further into the year we will
continue to leverage the value of a fully reporting company to
build sustainable value for shareholders going forward. This year’s
outlook promises to be very exciting and I am extremely grateful to
have all of you here to support us.”
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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