Mr. David Flores Resigns from Board Paving the Way to add New Strategic Members
January 28 2020 - 8:00AM
InvestorsHub NewsWire
Mr.
David Flores Resigns from Board Paving the Way to add New Strategic
Members
SAN
DIEGO, CA -- January 28, 2020 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) would like to announce to its valued
shareholders that effective January 31, 2020, Mr. David A. Flores
will be stepping down from his role as the Company’s Chief
Operating Officer and interim Chief Financial Officer. This move
comes as part of the Company’s ongoing reorganization with the
intent to promote diversification and new venture opportunities for
its long-term profitability objectives. Mr. Flores’s resignation
from Global Payout also extends to his role as Executive Vice
President of the Company’s wholly-owned subsidiary, MTrac Tech
Corporation and his current seat as a GOHE Board
Member.
Mr.
Flores joined the Global Payout executive team in June 2018
following the Company’s reverse triangular merger with MoneyTrac
Technology. Since then, he has been instrumental in guiding the
Company through the successful completion of its two-year audit, in
addition to playing a key leadership role alongside CEO, Vanessa
Luna in the internal restructuring of the Company and effective
launch of the MTrac brand.
“I
am eternally appreciative of the hard work, determination and
sacrifice Mr. Flores has demonstrated over the last year and a half
with Global Payout,” said Global Payout CEO, Vanessa Luna. “His
diligence and intellect were instrumental in working effectively
with our accountants and auditors to successfully complete our
two-year audit despite the significant challenges and frustrations
that were encountered throughout its process. The positive impact
on our company can be traced back to before he and I took control
of Global Payout in June of 2018 and to the foundation he helped to
develop for MoneyTrac Technology, which was the precursor to the
success we have achieved with MTrac Tech. While his presence on our
team will be missed, I am appreciative of the job he did to develop
an incredibly stable foundational structure for the company and one
that I am excited to continue building and expanding
from.”
“I
will be forever grateful of the incredible opportunity I have had
to help reshape and restructure the core of this company,” said
David Flores. “Opportunities such as the one I have had here with
Global Payout are few and far between in one’s career. Much of my
focus over the last year and a half has been directed towards the
effective rehabilitation of the company’s internal structure with
the intent to position it for long-term success and profitability.
The two-year audit has unquestionably been one of the largest
obstacles this company has had to clear in order to get itself on a
path to profitability and with that obstacle finally in our
rearview mirror, I am confident that this is the best moment for me
to step aside and allow the vision of Ms. Luna to take lead. I do,
however, intend to continue to lend my knowledge and expertise to
Ms. Luna and the company from time-to-time and when it is called
upon. Global Payout in my opinion, is ready to position itself for
far greater business ventures, potential mergers and acquisitions,
and prestigious new business partners. The newly available board
seat will be offered to strategic partners that can help the
Company move to the next level.”
In
closing, David Flores stated, “I would like to personally thank all
of the valued shareholders for your ongoing support and assure you
I will be supporting alongside you as a shareholder and believer in
the Global Payout team.”
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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