MoneyTrac Techology, Inc. Announces Revenue Through Completion of Acquisition of Southern California-Based Periodical Brand, ...
September 27 2017 - 8:30AM
Marketwired
MoneyTrac Techology, Inc. Announces Revenue Through Completion
of Acquisition of Southern California-Based Periodical Brand,
PotSaver
SAN DIEGO, CA-(Marketwired - Sep 27, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) ("Global") is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the
"Company"), has finalized a majority ownership acquisition of
PotSaver, a Southern California based, revenue producing, community
periodical providing listings on discounted cannabis-related
products for local dispensaries and shops.
The majority ownership acquisition will provide MTRAC with an
immediate revenue stream from existing subscription-based earnings
for Potsaver. Additionally, PotSaver currently generates revenue
through an agreement with Greenrush. Greenrush's technology is the
largest on-demand delivery platform in the cannabis industry,
connecting patients with local dispensaries across California,
Nevada and Colorado.
"The majority ownership acquisition of PotSaver marks a
significant milestone for MoneyTrac Technology," said MTRAC COO,
Vanessa Luna. "Not only does it provide our company with an
immediate source of revenue, but it provides us with a unique
opportunity to take a proven revenue-generating business model and
expand it through the infusion of the many different tools and
resources we have available through our networking, software and
business development capabilities. Mr. Adler and his team have
worked tirelessly to create and manage the respected brand
PotSaver, which has been well established throughout the San Diego
market and is transitioning to mass distribution throughout
Southern California. We are truly excited to be given an
opportunity to help further develop the brand into one of the most
recognized within the cannabis industry," Ms. Luna remarked
further.
"In having had the opportunity to work in close collaboration
with Ms. Luna and the MoneyTrac team in recent months, I have seen
firsthand the experience, drive, and strong business sense they
possess," said PotSaver Founder, Aaron Adler. "The many different
avenues that this acquisition creates for the PotSaver brand to
take full advantage of the opportunities that continue to
materialize throughout our rapidly growing industry, is
second-to-none. I have every bit of confidence in Ms. Luna and her
team's abilities to now become an even bigger resource for
PotSaver's growth and expansion, and ultimately see it reach its
fullest potential," Mr. Adler commented further.
Mr. Adler, who brings with him several years of publication
experience, including vital experience and resources within the
cannabis industry, will assume the role of Director of Sales and
Marketing for MTRAC. In this role, and with the backing and
critical support provided to him by the MTRAC team, he will be
dedicated to increasing PotSaver's subscription base which will
include an expansion into territories beyond the Southern
California region where it has currently established a strong
market presence.
For more information on PotSaver please visit
www.potsaver.net
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 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. MoneyTrac
Technology also provides Business Development services to clients
in high risk industries for the further facilitation of all
business expansion, regulatory compliance, and facilitation of
business opportunities.
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 contained in the Edgar Archives
of the Securities and Exchange Commission at www.sec.gov.
Contact Information
Public Relations and Media Contact: Global Payout
www.GlobalPayout.com 619.795.5180 Office
Information@GlobalPayout.com Communications Contact:
NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.com