Global Payout, Inc. and MoneyTrac Technology Enter the Multi-Billion Dollar CBD Market through their Agreement with H Smart, ...
09 August 2017 - 10:30PM
Marketwired
Global Payout, Inc. and MoneyTrac Technology Enter the
Multi-Billion Dollar CBD Market through their Agreement with H
Smart, Inc.
SAN DIEGO, CA-(Marketwired - Aug 9, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC"),
has completed an agreement with H Smart Inc. (a division of
Marijuana Company of America, "MCOA"), a developer and distributor
of innovative wellness and Cannabidiol ("CBD") products, for the
use of MTRAC's financial technology platform. The technology
available in MTRAC's platform, via software developed and provided
by Virtu Network Solutions, will be utilized by H Smart for payment
of commissions to H Smart's affiliates. GOHE projects that these
load payments and bank account transfers will generate substantial
revenue to MTRAC that will be realized this fiscal quarter.
H Smart will provide MTRAC with a pivotal opportunity to enter
into the emerging CBD market, which according to information
provided by the Hemp Business Journal, is estimated to grow to a
$2.1 billion market in consumer sales by 2020, representing a 700%
increase from 2016. MoneyTrac COO, Vanessa Luna says, "This
agreement with H Smart is another example of MoneyTrac's ongoing
commitment of identifying businesses in alternative market sectors
that can benefit immensely from the financial technology solutions
our platform is equipped with. We are very excited to be given the
opportunity to integrate our technologies into this rapidly-growing
CBD market, and look forward to becoming a valuable resource to H
Smart as they work to expand their market reach within the Wellness
Industry."
Robert Hymers, CEO of H Smart says, "H Smart's core mission is
to provide educated consumers with access to the highest quality
CBD technologies and products. The financial technology solutions
that MoneyTrac will deliver will help create the most efficient
transaction process for our affiliates who will be at the forefront
of marketing our innovative wellness and CBD products to
consumers."
The Company expects for MTRAC to continue identifying and
extending their technology platform to the many businesses
currently operating in alternative market sectors, all while
growing revenues and building value for its shareholders.
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
and "Global Reserve Platform" 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 will
continue to offer their 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.
About MoneyTrac Technology
MoneyTrac Technology, Inc. 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.
About Marijuana Company of America (MCOA)
Marijuana Company of America ("MCOA") is a publicly traded
company headquartered in Southern California. MCOA will distribute
marijuana and products related to marijuana as well as CBD and
hemp, using a variety of marketing approaches to distribute on a
global basis.
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.
FOR ADDITIONAL INFORMATION: Global Payout, Inc.
www.globalpayout.com MoneyTrac Technology, Inc.
www.moneytractechnology.com CONTACT: Public Relations and Media
Contact: 619-795-5810