BONSALL, CA--(NewMediaWire - May 3, 2017) - MARIJUANA COMPANY OF
AMERICA ("MCOA" or the "Company") (OTC: MCOA), an innovative cannabis and hemp
marketing and distribution Company, is pleased to announce an
investment of $250,000 in exchange for 15% of MoneyTrac Technology,
Inc. ("MTT"), a subsidiary of Global Payout (OTC: GOHE).
This investment will serve as an excellent resource for MTT in
their current objective of establishing the MoneyTrac Technology
payment platform as a major competitor within the alternative
banking sector, and more specifically be leveraged in their efforts
to extend their marketing campaign to cannabis-related companies
who are at the core of MTT's target market.
In addition to this investment from MCOA, MTT is also pleased to
announce that its Board of Directors ("the Board") has approved the
appointment of MCOA CEO, Don Steinberg as a board member with the
intention of diversifying their Board through his invaluable
experience and knowledge in the early-stage development of
companies, and overseeing MCOA shareholder's investment into
MTT.
In addition to his current role at MCOA as founder, CEO and
director, Mr. Steinberg was also the founder of Medical Marijuana
Inc., the first publicly traded marijuana company in 2009.
"We are pleased and appreciative of the confidence and
enthusiasm MCOA has demonstrated with this investment, and we are
committed to leveraging it in the most effective manner possible in
this all-important stage of our development," said MTT CEO, James
Hancock. "We are also thrilled to welcome Mr. Steinberg to our
Board as his experience extends to every corner of business
development and operations, from company offerings, product and
service management, and to the implementation of strategic
marketing campaigns. I have had the distinct pleasure of working
with him on several projects over the last decade and look forward
to the expertise and energy he will bring to our Board," Mr.
Hancock further remarked.
"I am honored to be given the opportunity to join Mr. Hancock
and Ms. Vanessa Luna on the MoneyTrac Board. The electronic payment
and compliance features available through the MTT technology
platform are the solutions many sectors of our Cannabis industry
have been looking for, and I look forward to providing the MTT
Board with guidance and support to help move their objectives
forward in the most effective way possible," said Mr.
Steinberg.
About Marijuana
Company of America (MCOA)
Marijuana Company of America ("MCOA") is a publicly traded company
headquartered in Southern California. MCOA will distribute
marijuana and products related to marijuana as well as CBD and
hemp, using a variety of marketing approaches to distribute on a
global basis.
ABOUT MONEYTRAC, INC.
MoneyTrac Technology, Inc. (www.moneytractechnology.com) is a pioneer in
offering a full-service solution for alternative banking and
electronic financial solutions and provides all aspects of
financial technology including E-Wallet and mobile apps services
for businesses and companies in various "high-risk" industries.
MoneyTrac's technology platform allows for its clients to access
their financial information from anywhere in the world, in addition
to providing tracking and compliance to help them manage and
control the flow of all revenue through their business.
ABOUT GLOBAL PAYOUT
Since the Company's inception in 2009, Global Payout, Inc.
(www.globalpayout.com) has been a leading
provider of comprehensive and customized prepaid payment solutions
for domestic and international organizations distributing money
worldwide. In 2014, Global 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, for
both online and mobile applications to allow account holders to
maximize an expanded suite of financial services and minimize
operational costs. Global will continue to offer their 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.
SAFE HARBOR STATEMENT
This release contains forward-looking statements that are based
upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations reflected in the forward-looking statements and the
assumptions upon which they are based are reasonable, we can give
no assurance or guarantee that such expectations and assumptions
will prove to have been correct. Forward-looking statements are
generally identifiable by the use of words like "may," "will,"
"should," "could," "expect," "anticipate," "estimate," "believe,"
"intend," or "project" or the negative of these words or other
variations on these words or comparable terminology. The reader is
cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including but not limited to: adverse economic
conditions, competition, adverse federal, state and local
government regulation, international governmental regulation,
inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives
and other specific risks. To the extent that statements in this
press release are not strictly historical, including statements as
to revenue projections, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, events conditioned on stockholder or other approval, or
otherwise as to future events, such statements are forward-looking,
and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made.