MTrac Goes Live in Colorado, Continues to Expand Nationwide, Strong Revenue Projected
November 12 2018 - 8:00AM
InvestorsHub NewsWire
MTrac Goes Live in Colorado, Continues to Expand
Nationwide, Strong Revenue
Projected
San Diego, CA -- November 12, 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 their
payments platform has gone live in Colorado, which represents its
third active state in pursuit of its nationwide expansion plans,
and boarded its newest San Diego client, which is one of the
largest dispensaries in the county and represents MTrac’s fourth
client in its home town.
MTrac’s first Colorado client is a company with two
dispensaries, one in Denver and one in Boulder. The company
is well-established and holds state licenses that comprise the full
vertical from cultivation and manufacturing to retail. As
with most cannabis businesses, cash heavy operations pose many
challenges, and this Colorado company was in need of a secure,
compliant, and customer-friendly cashless solution to streamline
its business expenditures
processes.
“The launch in Colorado offers shareholders a firm
example of MTrac following up on its promise to expand.” Said
Global Payout COO, David Flores. “We are now live in 3 states and
we expect that number to grow as we continue to streamline our
onboarding processes. Colorado was the first to offer recreational
cannabis, and many companies have attempted to solve the cash
problem for those businesses. To date, many have tried but none
have fully succeeded, and I believe MTrac to be the solution that
this market has been waiting
for.”
MTrac also went live this week with its newest San
Diego client, which is one of the largest dispensaries in the
county, where (7) processing terminals were deployed, and MTrac
experienced its largest revenue numbers since its relaunch at the
beginning of October. The MTrac team anticipates having another two
San Diego locations live before month’s end. Because of its San
Diego origin and executive headquarters, the MTrac team is
committed to making San Diego the safest, most compliant, cannabis
community in the nation. MTrac’s executive team recently sat down
with the San Diego Mayor’s office to introduce the platform and the
many government oversight benefits of ledger technology to
facilitate regulatory compliance. MTrac aims to make San Diego the
first cashless and compliant cannabis city as a model for others to
follow.
“Now let’s consider the true potential of this
company.” Said Global Payout CEO, Vanessa Luna. “Many of our
shareholders have been wondering what this all means, and how we
plan to increase shareholder value and clean up the company’s stock
to showcase what I consider to be a hidden gem in the OTC market.
With our technology partners and MTrac’s exclusive software
licensing rights within the industry, our goal is focused on mass
market adoption. We have an extensive pipeline of dispensary, CBD,
other high-risk, and low risk sector accounts coming on board and
would estimate our existing pipeline at around 50 merchants looking
to be fully transacting before the end of the year. Our
transactional revenue is steadily increasing with each new merchant
that goes live on the system and takes advantage of the increased
sales that accompany the ability to offer their customers secure
and compliant card payments at the register. After several
months of hard work and dedication, MTrac has arrived at a point
where we are creating value for our clients and, in my opinion,
positioned perfectly to continue crushing revenue expectations over
the coming months. To the loyal shareholders who have stuck with us
throughout this entire process, we thank you and we offer you our
continued assurance that we remain diligent in our intent of taking
MTrac nationwide and turning this into a truly remarkable success
story for you and for everyone who has contributed to our journey
along the way. I expect to have a lot of exciting
announcements in the near future as we continue to execute our
business objectives and cultivate larger relationships. I am always
saying, “this is only the beginning” and by that, I mean there is
no stopping our drive to successfully offer our service in the
highest caliber possible. Stay
tuned!”
In addition to MTrac’s ongoing expansion within the
industry, the Company is also pleased to announce that it remains
on track in its intention of completing and filing the Form-10 in
the next few weeks and looks forward to the opportunity it will
provide the Company to transparently showcase its growth and
financial progress.
As a reminder, the MTrac Tech team will be
represented in full-force at this week’s MJBizCon in Las Vegas.
Those who are able to make the trip to the convention are
encouraged to visit the MTrac Tech team at booth #1754 where the
MTrac payment platform will be displayed proudly for all
attendees.
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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