A Look Ahead Into 2020: Global Payout CEO Addresses Shareholders
January 09 2020 - 8:00AM
InvestorsHub NewsWire
A
Look Ahead Into 2020: Global Payout CEO Addresses
Shareholders
SAN
DIEGO, CA -- January 9, 2020 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to provide to its
shareholders the following statement from Global Payout CEO,
Vanessa Luna:
To
the valued share and stakeholders of Global
Payout,
I
would like to start by expressing my sincerest gratitude for your
continued support and confidence in our vision, while we worked
through the cleanup of GOHE.
2019, in my opinion, was a year of unprecedented
growth and success for our company. Much of that can be attributed
to the progress we achieved in our wholly owned subsidiary, MTrac
Tech Corporation, which we contend took the retail cannabis market
sector by storm for most of the year. From a revenue perspective,
Global Payout earned the most successful fiscal year in its
history, which will be reflected in the financials of the annual
filing that will be released in the coming
months.
As
I reflect on our achievements from the past year, I believe it is
important to mention the remarkable challenges we faced while
navigating the murky and extremely demanding waters that have now
become synonymous with financial services in this industry. As
booming and dynamic as this industry is, it is rife with a great
deal of unique complexities and challenges. This is an industry
whose laws and policies are still being established by regulators
day by day, and is therefore still in the process of developing
true stability. While we have, in my opinion, done an amazing job
overcoming many of these challenges, it has only increased my
determination to diversify opportunities for our company, as we
turn our focus to accelerating the growth of Global Payout in the
year ahead.
It
is my own personal belief and opinion that Global Payout remains
one of the most undervalued companies on the OTC Markets, and it is
my goal and intention to help it earn a reputation that is far more
in-line with the true value it represents. Completing and
publishing our two year audited financials on the OTC Markets site
was one of the first steps in that process, as it not only
demonstrates our commitment to running this company the right way,
but also paves the way for us to file a registration statement on a
Form 10 which will elevate us to a fully reporting status and
enhance the level of transparency that both new and longtime
shareholders deserve.
I
will candidly and honestly admit that arriving at this point where
we are now finalizing preparation to file our registration
statement took far more time, energy, and effort than I could have
ever anticipated. As each month passed without completing the
audit, my frustration grew, alongside many of you, who have
maintained loyal support to our company.
However, I have faith that the fruit of this
frustration will undoubtedly prove its worth in the coming months
as we begin to finalize a variety of key transactions that I
believe will be critical to the success we are poised to achieve in
the year ahead.
The
core strengths of this company remain in our ability to effectively
operate, market, and build businesses. We are a diverse group of
talented individuals that will work diligently to continue to bring
in various revenue streams while maintaining key partnerships and
expanding to create new ones. Global Payout will take a new form in
2020 as it identifies itself in a variety of strategic market
sectors. While no assurances can be provided as to growth and
profitability, we remain cautiously optimistic. We will continue
our focus on gaining market support on the public side while we
work to reduce much of the Company’s current debt obligations and
do our best to showcase our market
potential.
I’d
like to thank all of our staff, investors, supporters, and business
partners as we look forward in deep anticipation to a successful
2020.
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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