Going Global: MTrac Expands Into Puerto Rico
April 23 2019 - 8:00AM
InvestorsHub NewsWire
Going Global: MTrac Expands Into Puerto
Rico
San
Diego, CA -- April 23, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:
GOHE) (“Global” or the “Company”) and its wholly owned
subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce
that the Company has formed a strategic alliance with a company in
Puerto Rico to offer the Company’s signature solution, MTrac, to
the legal cannabis community.
Made legal by executive order in 2015, and two
years later signed into law by the legislature, medical marijuana
in Puerto Rico has become a humming commercial sector in the
American territory. To date, the government has issued more than 70
dispensary licenses and over 40 have opened their doors. According
to official estimates, the industry has added $11.5 million to the
economy of Puerto Rico. Limited banking support presents a
particular problem in Puerto Rico where the MTrac system will offer
merchants the ability to pay their tax bills, and track their
business using Blockchain Technology.
“The Company’s move into Puerto Rico, in my
opinion, signifies continued and growing acceptance in this
industry and evidences the continued expansion of MTrac as a key
partner to regulatory agencies looking to bring their legal
cannabis industries into compliance. Over the last several months
MTrac has shown, through continued growth in revenue, expansion
into new states and territories, and the development of strategic
partnerships, that they intend to bring MTrac to every legal
cannabis business out there,” said CEO Ms. Vanessa
Luna.
The
Company will continue to provide updates to its valued shareholders
on the current state of their business as the year
progresses.
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
Cashless®.”
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