Global Payout's Moneytrac Technology Inc. Signs LOI with Renowned Marijuana Technology Company, BlazeNow, Inc.
13 September 2017 - 11:00PM
Marketwired
Global Payout's Moneytrac Technology Inc. Signs LOI with
Renowned Marijuana Technology Company, BlazeNow, Inc.
SAN DIEGO, CA-(Marketwired - Sep 13, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) ("Global") is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC," the
"Company"), has executed a Letter of Intent ("LOI") with BlazeNow,
Inc., a majority owned subsidiary of MediaTechnics Corporation (OTC
PINK: MEDT). As an advertising and data collection platform,
BlazeNow connects cannabis-related businesses with patients and
customers, and was called the "Yelp" of the cannabis industry by NY
Daily News.
The LOI enables MTRAC and BlazeNow to enter into advanced
discussions relating to a potential joint venture to execute each
of their respective business development objectives and
go-to-market strategies in the multi-billion dollar cannabis
industry. Additionally, the companies will diligently explore the
potential of leveraging the various financial technology resources
available within MTRAC's Virtu Network Solutions Platform to
enhance the existing BlazeNow mobile app and web platform.
"We are excited to lay the groundwork for what we believe will
be a very productive business partnership with BlazeNow. The goals
are to leverage this partnership in pursuing joint revenue products
and services," says MTRAC COO Vanessa Luna. "Through this LOI, we
hope to establish a joint-venture partnership with BlazeNow so that
we can pool each of the industry-specific resources we have
available to help significantly grow both brands."
BlazeNow recently completed new application launches on both
Android and IOS, strongly positioning the brand for collaborative
efforts with MTRAC as it looks to achieve broader expansion
initiatives.
"The wealth of knowledge from both a business and technology
perspective that Ms. Luna and the MoneyTrac team has is truly
impressive," said BlazeNow CEO Jeremy Carr. "Both of our companies
are in-tune with the multiple opportunities materializing within
the cannabis industry, and we understand that a critical part of
being able to seize as many of them as possible entails the
establishment of strategic partnerships such as the one we are
eager to develop with MoneyTrac. We have spent a good amount of
time fine-tuning our software and application, and look forward
toward self-producing revenue and marketing our flagship
products."
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 for domestic and international organizations
distributing money worldwide. In 2014, Global introduced its first
online payment platform called the Consolidated Payment Gateway
("CPG"), which allowed its enterprise clients to transfer money to
international bank accounts, mobile accounts, and prepaid card
accounts. The development of the CPG became the foundation for the
introduction of its new, state-of-the-art FINTECH payment system in
2017, for both online and mobile applications to allow account
holders to maximize an expanded suite of financial services and
minimize operational costs. Global Payout will continue to offer
its FINTECH payment system to many vertical markets for support of
foreign currency exchange and digital currency, including ongoing
support of the banking industry and international governments. For
more information, visit www.GlobalPayout.com
About MoneyTrac Technology, Inc.
MoneyTrac Technology is a pioneer in offering a full-service
solution for alternative banking and electronic financial solutions
and provides all aspects of financial technology including E-Wallet
and mobile apps services for businesses and companies in various
"high-risk" industries. MoneyTrac's technology platform allows for
its clients to access their financial information from anywhere in
the world, in addition to providing tracking and compliance to help
them manage and control the flow of all revenue through their
business. For more information, visit
www.MoneyTracTechnology.com
About BlazeNow ™
The flagship product of the BlazeNow™ brand is an advertising
and data collection platform. A modern user interface for web,
mobile, iOS and Android, BlazeNow™ provides an online community to
connect cannabis-related businesses with patients and customers.
Users will be able to 1.) locate nearby dispensaries, doctors,
delivery services, smoke and vape shops 2.) filter them according
to their specific preferences 3.) then rate, review and share their
experiences on Social Media. BlazeNow™ will feature brand and
product advertising from a plethora of national and local companies
that wish to target the vast cannabis consumer base. BlazeNow™ aims
to become a primary tool that is synonymous with the entire
cannabis industry. Aside from the map/list utility aspects of the
user interface, BlazeNow™ will offer a user reward program, an
affiliate reward program, and back-end enterprise software that
will include a detailed inventory tracking system, sales/traffic
stats and social media integration. For more information, visit
www.BlazeNow.com
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 contained in the Edgar Archives
of the Securities and Exchange Commission at www.sec.gov.
Contact Information
FOR ADDITIONAL INFORMATION: Global Payout, Inc.
www.GlobalPayout.com MoneyTrac Technology, Inc.
www.MoneyTracTechnology.com CONTACT: Public Relations and Media
Contact: 619-795-5810 Information@GlobalPayout.com Communications
Contact: NetworkNewsWire (NNW) New York, New York
www.NetworkNewsWire.com 212.418.1217 Office
Editor@NetworkNewsWire.com
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