A Look Back and a Look Forward to Revenue: CEO,
Ms. Vanessa Luna Delivers an Update to
Shareholders
San
Diego, December 31, 2018 -- InvestorsHub NewsWire
-- Global Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to announce an update from
our Chief Executive Officer, Ms. Vanessa
Luna:
Dear Shareholders,
As
2018 comes to an end, I’d like to take this opportunity, on behalf
of myself and the Company to provide our valued shareholders with
clarity on a number of business endeavors and aspirations for the
new year. My involvement with Global Payout since 2016 has always
been, and continues to be, that of persistence, innovation,
recognition of opportunities, and the cultivation of key
partnerships. In my opinion, the time leading up to this moment was
well spent on laying the ground work and building the
infrastructure necessary to sustain what we can now expect to be
prospective rapid growth and universal adoption of our payment
system across a multitude of sectors.
Early on I saw the potential in MoneyTrac
Technology and began to focus my efforts on developing it as the
core business initiative in a closed loop environment while
focusing on the technology to create a sustainable payment
platform. The true value of the Company came into focus at the
beginning of this year when we signed an exclusive license with
GreenBox POS (OTCQB: GRBX) to offer a truly unique payment solution
to the mass market. In the midst of the progresses made at MTrac,
and in the best interests of all the shareholders, MoneyTrac
Technology completed a reverse triangular merger to create MTrac
Tech Corporation, the surviving entity, with Global Payout now
holding all the issued and outstanding shares of MTrac Tech
Corporation (making it a wholly owned operating subsidiary and
MoneyTrac Technology shareholders receiving Company
shares).
While focusing our efforts on generating revenue
for MTrac Tech Corp., the Company has also been focused heavily on
meeting several goals for the parent company, Global Payout. Since
the merger and change in management, the focus has been to complete
the necessary two-year financial audit in conjunction with our
independent auditing firm Frucci and Associates which we
accomplished late this year. We have retained Nicolas Cosia to
complete our Form 10, which is in its final draft stages, and we
have every intention of filing the Form-10 in the next few weeks.
The filing of the Form-10 is a meticulous process that
requires full and fair disclosure and for which there is no margin
for error. We understand how anxious our shareholders are to see
this filed, and our team has been working diligently through the
audit to get us to this point, but I want to assure all of our
shareholders that this is a process that we have handled with
extreme care and precision and have not been able to properly
estimate the time it would take, however, with the help of our
counsel and strategic advisors, we are very close and anticipate
the filing to occur within the first few weeks of the new
year.
Fully reporting status will be a major milestone
for Global shareholders and we plan to showcase Global as a revenue
generating entity with the potential that will be reflected in a
fair market valuation, one which I personally believe is
significantly undervalued today. We are looking to restructure the
stock by addressing all outstanding shares to increase value for
those true believers in what we are building here. This was never
intended on being a short journey, as the real and successful ones
take time, persistence, and hard work, and I’m so proud
of our team for meeting the challenge and succeeding in the
process of cleaning up our company structure, a thankless job
that requires constant reassessment of issues that arise each
step of the way through the comprehensive audit process. We
have also worked with note holders on conversion of debt and look
forward to the continued restructuring of Global Payout Inc. In
2019 we plan to utilize a license from our technology partner
GreenBox POS, LLC (OTCQB:
GRBX) for low-risk and high-risk payment processing with a
number of merchants ready to go live in Q1. Global will continue to
identify new industries and new business opportunities to bring
this tech to market. Accompanying me and serving Global
Payout will be COO/Interim CFO Mr. David Flores and Ms. Stormy
Simon, a Director of the Board.
The
Company has seen several major business developments take place for
MTrac Tech Corp.; we currently have a new 5yr “Exclusive” Licensing
agreement with GreenBox POS, LLC (OTCQB:
GRBX) and Cultivate Technologies. Since we set the new MTrac
system live on October 2nd we have successfully onboarded and
currently have over 30 Merchants utilizing MTrac. We have
successfully produced revenue from our existing clients and
although the numbers seem small as we ramp up our revenue has
increased by about 1000% in Q4 in comparison to all of Q3. While we
recognize that past performance does not predict future results, in
management’s opinion, we are well on our path to showcasing the
true revenue potential of MTrac. Just this year we have met with
city municipalities, state representatives, government relations
teams, local state Banks, City Police Departments, merchants, and
consumers, all of whom have agreed that the system provides a
comprehensive value proposition for many peripheral stakeholders
with various benefits in the areas of compliance, public safety,
reporting, convenience, and adaptability.
As
a strategic endeavor, we planned our initial roll out and proof of
concept of MTrac in what is currently the most underserved industry
in this market, the Cannabis industry. One of our core strategies
thus far has been to include the valuable feedback of our clients
for continued development into updating the system for our mutual
benefit. We intend to offer the most adoptive and premier
service to every aspect of this market including retail merchants,
and vendors in the supply chain. Our ecosystem is a unique
and now proven platform that is in our estimation being adopted by
the largest companies in this industry. The potential for this
system reaches into every sector of this market from sales, to
regulation, to banking. We are in talks with some of the industry’s
leading POS companies for the purpose of integrating MTrac into
their existing software, which would give us instant access to a
wide swath of market share. Our government relations team, MGR2,
LLC, has worked continuously in several east coast states at high
legislative levels speaking with state representatives and local
municipalities for consideration to approve and vouch for our
system for the benefit of their licensed businesses, digital tax
revenue, and regulatory controls. We will continue into 2019
to onboard merchants, complete direct integrations, work with state
Banks, and States who are looking to adopt our system. For MTrac we
intend to be moving forward with Mr. Jason LeBlanc, who was
promoted to COO, and Mr. Aaron Adler as CRO, along with a team of
dedicated employees, and our growing Las Vegas call center. We are
proud and fortunate to have assembled an incredible team at MTrac
who have spearheaded all of our expansion initiatives and
delivering value to Global shareholders.
As
I look ahead to 2019, it is no secret that our primary focus is on
continuing to drive revenue and on working to increase our market
valuation in a very competitive and challenging marketplace. The
excitement and overall optimism I have for the year ahead is
palpable to say the least. My confidence for success is
driven and reinforced in recognizing that both Global Payout and
MTrac are led by a collective group of extremely talented and
motivated professionals who will simply not rest until each and
every objective we have set forth is achieved. So much of what we
accomplished in 2018 has positioned us for an extraordinary 2019
and as such, I cannot help but to believe that Global Payout is
truly a “hidden gem” in the OTC Markets, and is one that, in my
opinion, has a very unique opportunity to become one of the most
talked about breakthroughs of 2019. So please, hang in there and
stay tuned for a remarkable year
ahead!
Warmest Regards,
Vanessa Luna, CEO Global Payout,
Inc.
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. 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 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.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
Communications
Contact:
NetworkNewsWire (NNW)
New
York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com