Moving MTRAC Into the Public Eye: Key Management Changes in Global Payout Inc.
June 13 2018 - 8:00AM
InvestorsHub NewsWire
Moving MTRAC
Into the Public Eye: Key Management Changes in Global Payout
Inc.
San Diego, CA -- June
13, 2018 -- InvestorsHub NewsWire -- Global Payout, Inc. (GOHE)
(“Global”, the “Company”) is very pleased to announce that as part
of the reverse triangular merger the Company is completing with
MoneyTrac Technology, Inc. (“MTRAC”) announced publicly on June 5, 2018, MTRAC
will be integrating its existing Executive Management Team into
Global as part of MTRAC’s transition into the public entity. As
part of this integration and transition, longtime Executives and
Board Members of Global, Mr. Joseph Sebo “CFO” and Mr. Bill
Rochfort, “President” have submitted their resignations from both
their respective positions and their seats on Global’s Board of
Directors. Additionally, Mr. James Hancock has submitted his notice
of resignation as Global’s Chief Executive Officer and Chairman of
the Board of Directors effective June 12, 2018 and he will be
simultaneously appointing Ms. Vanessa Luna, who has served as
MTRAC’s CEO and Chairman since the beginning of the year, to take
on the position of CEO and Chairman of Global Payout, Inc.
Accompanying Ms. Luna will be Mr. David Flores as Chief Operating
Officer / Interim CFO and Board Member, and Mr. Aaron Adler as
Chief Revenue Officer and Board Member. The Company intends to fill
the positions of CFO and Chief Compliance Officer in the coming
weeks.
As MTRAC transitions
onto a public platform to strengthen its intended position as a
financial technology powerhouse within a number of growing
industries, the Company recognizes the importance of ensuring it
has the most effective executive management team in place to
support and facilitate its ongoing growth. Mr. Hancock, Mr. Sebo,
and Mr. Rochfort have each provided Global with invaluable service
over the past several years and have helped to position Global for
this reverse triangular merger with MTRAC. Going forward, however,
the Company believes that Ms. Luna is the leader the Company needs
to drive the introduction of its revolutionary blockchain
technology-supported MTRAC payment solution that is “The Key to
Cashless™.”
“The moment Ms. Luna
joined the Global Payout team in 2016 as a Business Development
Consultant it became apparent that her business savvy, vision, and
leadership would be a tremendous asset to our Company,” said former
CEO of Global Payout, James Hancock. “For nearly two years I have
had the pleasure to work alongside her and it is absolutely
impressive the phenomenal job she has done in such a short amount
of time to move MoneyTrac into the position it is in today. She has
successfully cultivated several working relationships and has been
the driving force behind MTRAC over the last two years. For this
reason, I truly believe there is no one more qualified for me to
pass the baton to, and follow Global Payout now as a Shareholder,
and original Founder. I believe she will help lead this Company
into its most exciting journey yet, and she and her team will
always have my full support and unwavering confidence in their
abilities. It has truly been my pleasure to serve on the Board and
as Global’s CEO. I want to thank the shareholders for their support
and it is with my greatest pleasure that I now resign.” stated Mr.
James Hancock.
Ms. Vanessa Luna
stated “I am extremely grateful and honored to be given the
opportunity to carry MTRAC into the public eye and am thankful to
Mr. Hancock for his steady guidance during this transition period,”
said Global CEO Vanessa Luna. “I am committed to building value for
both current and future Global Payout shareholders who continue to
embark on this journey with us. I am excited for the opportunity to
continue to lead a seasoned and highly talented team of
professionals who strive to deliver quality solutions to market.
Our clients are our priority and together we are working to
understand the challenges they face and identify how we can best
integrate to make MTRAC the best available solution out there. With
advances in financial technology the possibilities are limitless,
and I intend to explore each and every one of them. I plan to keep
our shareholders informed along the way with news surrounding our
continued progress and successes and look forward to the challenges
and milestones to be met. I am convinced that both myself and my
team will strive to be an agent of change by empowering people,
businesses, and new industries to move the world forward through
cashless alternative solutions and advanced technology offered
through MTRAC and its partners.”
Additionally, the
Company would like to update shareholders on the status of the 506c
PPM raise launched on March 6, 2018 known as the MTRAC-Token. The
raise has been closed due to the merger, which was not expected at
the time of the launch. Given that the Company will effectively be
going public, it has elected to internally close the existing PPM
and complete the merger with fair market value to existing
MoneyTrac Shareholders and
Investors.
Any questions
regarding current Global Payout holdings can be sent to
information@globalpayout.com.
About
MoneyTrac Technology
MoneyTrac Technology,
Inc. (MTRAC) is a “New Age Technology Holding Company” offering a
full-service solution for alternative banking and electronic
financial marketplace with technology offerings including Payment
Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS,
E-Wallet, Mobile Application and Digital Payment Solutions for
businesses and companies in various “high-costs of banking”
industries. MTRAC offers additional suites of services ranging from
business development, sales and marketing, to digital and print
advertisement. We are One Network disrupting the status quo. It is
MTRAC’S creative vision to create a “The New Age of Currency™” by
bringing innovative technology solutions to various industries and
providing the “Key to Cashless™."
About Global
Payout, Inc.
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.
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
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