Global Payout Announces the Investment into MoneyTrac Technology, Inc. (
May 04 2017 - 1:31PM
Marketwired
Global Payout Announces the Investment into MoneyTrac
Technology, Inc. ("MTT") From Marijuana Company of America
("MCOA"), And Appointment of Don Steinberg, CEO of MCOA, To the
Board of MoneyTrac Technology Inc.
SAN DIEGO, CA-(Marketwired - May 4, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTT"), has
accepted a $250,000 investment from Marijuana Company of America
(MCOA) in exchange for a 15% stake in MTT, in addition to the
appointment of MCOA CEO, Don Steinberg, to a seat on the MTT Board
of Directors.
Management contends that this investment should 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, to a seat on the MTT Board
with the intention of diversifying their Board through his
invaluable experience and knowledge in the early-stage development
of companies.
"We are incredibly 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.
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.
"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 Global Payout, Inc. 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.
About MoneyTrac Technology MoneyTrac Technology, Inc. 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 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.
Forward-Looking Statements Disclosure: This press release may
contain "forward-looking statements" within the meaning of the
federal securities laws. In this context, forward looking
statements may address the Company's expected future business and
financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," "seeks," "will" and other terms with similar meaning.
These forward-looking statements by their nature address matters
that are, to different degrees, uncertain. Although the Company
believes that the assumptions upon which its forward-looking
statements are based are reasonable, it can provide no assurances
that these assumptions will prove to be correct. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risk, and uncertainties,
and by reference to the underlying assumptions.
FOR ADDITIONAL INFORMATION:
Global Payout, Inc. www.globalpayout.com
MoneyTrac Technology, Inc. www.moneytractechnology.com
Marijuana Company of America
www.marijuanacompanyofamerica.com
Contact Information
CONTACT: Global Payout, Inc. Investor Relations
info@GlobalPayout.com
Marijuana Company of Ame... (PK) (USOTC:MCOA)
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