Global Payout, Inc. Looks to Optimize Financial Payment Platforms Through Partnership with SinglePoint, Inc.
December 13 2017 - 8:30AM
InvestorsHub NewsWire
Global Payout, Inc. Looks to
Optimize Financial Payment Platforms Through Partnership with
SinglePoint, Inc.
San Diego, CA -- December 13, 2017 --
InvestorsHub NewsWire -- Global Payout, Inc. (OTCPink:
GOHE) (“Global” or “the Company”) is pleased to
announce that it has executed a Letter of Intent (“LOI”) with
SinglePoint, Inc., (“SinglePoint) (OTC:
SING) a full service mobile technology provider whom Global
intends to begin collaborating with to maximize its existing suite
of financial technology solutions, including those utilized by its
majority owned subsidiary, MoneyTrac Technology,
Inc.
As Global continues to expand its financial
technology service offerings to businesses operating across a wide
range of industries, the Company continues to seek potential
partnerships with other companies within the Fintech space whose
technology can boost and optimize Global’s existing payment and
financial technology platforms. Through this LOI, the Company
intends to explore the technology optimization opportunities that
may exist through the establishment of a joint venture with
SinglePoint.
According to Global CEO, “SinglePoint’s
knowledge and expertise in mobile payments and other mobile
technology offerings is something we believe could be a significant
addition to the financial payment platforms we have developed, and
are still developing, for our clients in the many different
industries we serve. We are also eager to use this agreement as an
opportunity to examine how a partnership with SinglePoint can be
leveraged to enhance the payment and financial solutions offered by
MoneyTrac Technology, our majority owned subsidiary is focused on
offering in the rapidly expanding multibillion dollar cannabis
industry.”
As a pioneer in Fintech solutions, Global will
continue to assess partnership opportunities that they identify as
bringing value to the Company, its subsidiaries, and the clients
they serve respectively.
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.
About SinglePoint,
Inc.
SinglePoint, Inc. (SING)
has grown from a full-service mobile technology provider to a
publicly traded holding company. Through diversification into
horizontal markets, SinglePoint is building its portfolio by
acquiring an interest in undervalued subsidiaries, thereby
providing a rich, diversified holding base. Through its subsidiary
company SingleSeed, the company is providing products and services
to the cannabis industry.
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.
Public Relations and Media
Contact:
Global Payout
www.GlobalPayout.com
619.795.5810 Office
Information@GlobalPayout.com
Communications
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com