Sustaining Growth: MTrac Experiences Large Influx of Applications for Payment Platform
May 15 2019 - 8:00AM
InvestorsHub NewsWire
Sustaining Growth: MTrac Experiences Large
Influx of Applications for Payment
Platform
San
Diego, CA -- May 15, 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 reached a sales milestone with over 100 completed and approved
applications for the MTrac system. The MTrac team has worked
diligently to increase revenue and improve shareholder value and
this milestone is an indicator of what the rest of the year will
bring. The Company has received new applications on an almost daily
basis and expects this trend to continue as the platform gains
market share.
Launched in October 2018, the MTrac payment
platform is a game changer for the legal cannabis industry.
Offering fully compliant credit and debit card processing, the
MTrac platform leverages the distributed ledger of blockchain
technology to create an elaborate closed loop ecosystem that
provides a premier service to an industry in
need.
“Since the beginning of the year we have
experienced a massive uptick in interest for our platform.” Said
MTrac CEO, Vanessa Luna. “Many companies have attempted to solve
this problem for the industry, which has resulted in a general
skepticism among licensed business owners. However, we have
demonstrated over the last several months that our platform is not
only unique, it is in my opinion the most seamless, functional, and
compliant system available today, and is reflected in our ability
to partner with many of the industry’s leaders. The momentum is
building significantly here at MTrac, and we are extremely excited
to see what the year will bring.”
The
Company intends to file its quarterly report no later than May 20,
2019 and will continue to update shareholders on its expansion 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