Preparing for Growth:
MoneyTrac Technology CEO Suspends Salary
to Accelerate Expansion in 2018
SAN
DIEGO, CA
-- February 22, 2018 -- InvestorsHub NewsWire
-- Global Payout,
Inc.
(OTCPink:
GOHE) ("Global") is pleased to announce
that the
CEO of its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC",
the "Company"), Vanessa Luna
has opted on her
own accord to indefinitely suspend her salary effective March 1,
2018. The intent of
this move is
to contribute to the acceleration of the
Company's current vision and
objectives which
involve leveraging the many different strategic partnerships they
have established towards bringing the Company to a point of
positive
revenue.
The end of
2017 and the beginning of 2018 has proven to be a very active and
successful period for MoneyTrac. The acquisition of
PotSaver
at the end of
last year brought MTRAC a well-established network of
businesses throughout the various verticals that are emerging across the
cannabis industry. Banking and
financieal
compliance are
among the most underserved of these vertical markets and MTRAC will
leverage its network of dispensaries to bring its mission of
"Banking the Unbankable" to fruition in
2018.
The indefinite
deferment of Ms. Luna's salary will offer the Company the
opportunity to earmark additional funds and
resources for the
specific use of supporting
existing
endeavors such as the
MTRAC-Token.
The barriers
surrounding payments in the cannabis industry have proven to be
significant, and the Company is using the current industry traction
to launch this token in an effort
to solve this
problem.
"This moment
is pivotal for MoneyTrac's
growth and
development." said MTRAC CEO, Vanessa Luna. "Our Company
has dedicated a tremendous amount of time,
effort, and resources, both financial and otherwise, over the past
year to put us in the enviable position we
are in
today within this industry. It is my hope that my willingness to forego my
salary for an indefinite period of time will be viewed as a
testament to the unwavering confidence and faith I have in the
future success of MoneyTrac Technology."
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.
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