Global Payout Finishing up Audit, Anticipates Form 10 Filing in Coming Weeks
October 30 2018 - 8:00AM
InvestorsHub NewsWire
Global Payout Finishing up Audit, Anticipates Form
10 Filing in Coming
Weeks
SAN DIEGO, CA -- October 30, 2018 -- InvestorsHub
NewsWire -- Global Payout Inc. (OTCPink:GOHE)
(“Global”) and its wholly owned subsidiary MTrac Tech Corp.
(“MTrac” or the “Company”) are pleased to announce that, after many
months of diligence, they are in the final stages of the audit and
have begun drafting the Form 10, which the Company anticipates will
be filed within the next few weeks. The Form 10 represents a key
mile marker for this Company as it moves to expand nationwide as a
premier technology provider.
Over the last few weeks the team at MTrac has been
dedicated to onboarding as many clients as possible and
streamlining this process to allow for the fastest possible turn
around from inquiry to implementation. The filing of the Form 10
combined with the first real round of revenue arising from the
current business plan for this Company signifies the diligence and
commitment the team has to making MTrac the industry standard. It
is a signal to shareholders that we are serious about establishing
ourselves as a major player in the multibillion-dollar cannabis
facilitation market.
“The completion of this audit has been a long time
coming,” said Vanessa Luna, Global Payout CEO. “There were a number
of challenges associated with the preparing, restructuring,
organizing, and meticulously reviewing Global’s financials. Our
management team has been dedicated to working with our accounting
group and providing financial statements to our independent
auditor, Fruci and Associates, but I am pleased to report that we
are in the process of wrapping up the audit and finalizing the
financials in anticipation of filing the Form 10 during the month
of November. Execution has been the key focus in our management
where we wanted to smoothly transition the takeover in June,
complete the audit, and more importantly, begin servicing clients
with our subsidiary MTrac to showcase revenue potential for this
Company. We have, in a very short amount of time, really hustled
and brought about significant progress across all fronts, and I am
very pleased to continue to announce our intent and executions to
showcase our dedication to the Company and its shareholders.”
About Global Payout,
Inc. (OTC
Pink:GOHE)
From 2014 to 2017 Global focused on identifying new state of the
art technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac Tech Corp.
MTrac Tech Corporation. a Nevada Corporation is a privately held
wholly owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution for alternative banking and electronic
financial marketplace with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTRAC’S creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to CashlessTM”
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 disclosed on the OTC
Markets.com website.
Public Relations and Media Contact:
MTrac Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
Info@moneytractechnology.com
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