Global Payout Completes Two Year Audit of Financial Information
January 06 2020 - 8:00AM
InvestorsHub NewsWire
Global Payout Completes Two Year Audit of
Financial Information
SAN
DIEGO, CA -- January 6, 2020 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is very pleased to announce that the
Company has successfully completed the 2 year Audit of their
financials, which can be viewed on OTC
Markets for the years
2017 and 2018, along with the letter from the Company’s auditing
firm, M&K CPAs.
Completing the audit marks the end of what has
been an arduous and time-consuming project for the Company for the
better part of the last year and a half and signals the beginning
of an exciting new era for Global Payout.
“After spending well over a year trying to
complete this audit, I am extremely grateful to be sharing this
news with our shareholders,” said Global Payout COO, David Flores.
“The sheer magnitude of the clean-up that was required could not
have been anticipated by anyone, and despite the ongoing pressure
we have faced trying to complete this audit in the shortest time
possible, we never wavered in our commitment to making sure it
would get done in the most accurate and thorough manner
possible.”
“The completion of this audit is a very
significant milestone for our company and for our valued
shareholders who have continued to demonstrate confidence in our
vision,” said Global Payout CEO, Vanessa Luna. “It positively
demonstrates the legitimacy we are continuing to establish for
Global Payout and serves as a very important step forward in our
path to profitability. With the audit complete we can look ahead to
the formal filing of the Form 10, which has been a very clear goal
of mine since stepping into this opportunity as CEO of Global
Payout in 2018. I will not understate the value that a fully
reporting public entity affords, and the unique opportunities it
helps to create for a company, and I can assure you that it is my
intention to leverage this to our full advantage. From acquisition
opportunities that promote diversification, to strategic
partnerships that will fortify our holdings, I intend on leaving no
stone unturned with regard to creating the most powerful and
successful company possible.”
Over the next few weeks it is the Company’s
intention to complete the necessary steps to prepare and submit a
Form 10 Registration statement and become a fully reporting 1934
Act Company. Following this momentous achievement, steps will be
taken to up-list the company to the
OTCQB.
The
Company will keep shareholders apprised of its progress at regular
intervals.
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
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