A New Era: Global Payout, Inc., Begins Generating Revenue in Q2 in Booming CBD Market
May 20 2019 - 8:00AM
InvestorsHub NewsWire
A New Era: Global Payout, Inc., Begins
Generating Revenue in Q2 in Booming CBD
Market
San
Diego, CA -- May 20, 2019 -- InvestorsHub NewsWire -- Global Payout
Inc. (OTCPink:GOHE)
("Global" or the "Company") is pleased to announce that the Company
has recently developed a new, second revenue source derived from
the multi-billion-dollar CBD industry. This stems from a recently
executed Independent Sales Organization ("ISO") agreement Global
entered into with its existing technology partner, GreenBox POS
(OTCPK:GRBX, "GRBX"). This new agreement will result in Global
receiving this revenue directly in addition to the revenue already
being received from the Company's wholly-owned subsidiary, MTrac
Tech Corporation ("Mtrac"). While there can be no assurances of the
amount of revenue or profitability, Global has successfully
on-boarded a number of new clients resulting in revenue now being
derived from the parent company.
With projections of its potential to evolve into
a 22-billion-dollar industry by 2022, the CBD marketplace has
quickly emerged into one of the fastest growing segments in this
expanding high-risk market. (Rolling
Stone).
“We
have had our eye on this market for some time and are elated to
have this opportunity to establish an entirely new revenue source
for Global Payout,” said Global Payout COO David Flores. “As
encouraged as we are with the continued growth of MTrac from a
revenue perspective, we recognize the importance in strategically
developing revenue streams exclusive to Global for its long-term
success and profitability. Expanding into CBD is, in my opinion, a
very strategic and logical move on our part to begin capturing a
portion of what is becoming a highly lucrative industry. From
medical relief benefits, health and beauty products to pet
supplements, CBD and the vast array of commodities it is now
available in make this market an ideal
fit.”
“Global Payout will diversify. We will be
implementing the utilization of the technology we have available to
us in several business endeavors through a diverse sector of
businesses and trades including healthcare, legal, wellness, retail
and much more. As we evolve, we will identify potential market
sectors and continue to build up our portfolio of clients. It is my
strong opinion that the future is Blockchain in this Fintech space,
it is the creation of new ways to undertake businesses’ financial
objectives for consumer and privacy protection, transparency,
cybersecurity, and reasonable fees for services. We are
witnessing an evolution of technology and fully intend to be a key
participant in its expansion,” said CEO Vanessa
Luna.
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. Also,
forward-looking statements represent our management's beliefs and
assumptions only as of the date hereof. Except as required by law,
we assume no obligation to update these forward-looking statements
publicly, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. 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