Handing
Over the Keys: Global Payout Launches First MTRAC
Client
San
Diego, CA -- June 19, 2018 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:
GOHE) (“Global”) is pleased to announce that their wholly owned
subsidiary MTRAC Tech Corp. (“MTRAC”) has begun integrating their
blockchain powered payment solution in their first merchant
location, ManKind, a San Diego-based dispensary. They anticipate
full launch of the system on Monday June
25th. The MTRAC kiosk was installed Friday
June 15th and the Company plans to dedicate the next few
days towards integrating the cashless payment platform and prepping
the new client for their initial launch.
The
execution of this merchant agreement and integration of the MTRAC
payment solution with its first merchant truly marks a milestone in
the MoneyTrac story which has now, by way of the previously
announced reverse triangular, become an integral part of the Global
Payout story through its wholly owned subsidiary, MTRAC Tech Corp.
The integration of their initial merchant within the cannabis space
also marks the beginning of a new era of alternative payment
processing. With this initial launch the Company moves ever closer
to establishing itself as “The Key to CashlessTM” for
businesses operating in cannabis and other “high-risk” and
“high-cost” market sectors. The ability of this system to function
independent of a formal banking structure offers these industries
the security and functionality they need to truly compete in such a
technologically advanced and evolving economy that continues to
migrate away from cash as the status
quo.
“Getting our first client up and running marks a
monumental week here at Global and MTRAC,” Said Global Payout CEO,
Vanessa Luna. “While we are very excited to have a strong company
utilizing our system, we are fully prepared to gain knowledge
acquired through this experience to better establish ourselves with
future clients. We have a number of merchants in the pipeline that
are eager to implement our system and we are working everyday to
accommodate as many of them as we can. By capitalizing on a
fledgling multibillion dollar industry, and employing nascent
Blockchain technology, we have a solution that is truly unique, and
offers the cannabis industry the ability to go
cashless.”
When
ManKind was asked why they selected MTRAC as their preferred
solutions provider, Compliance Director, Vera Levitt Casey said “In
our vetting process of the MTRAC system, we were very interested in
the simplicity of the system and the automated compliance it
facilitates on the back-end. Now that we are in the process of
implementing it in our operations, we anticipate the MTRAC platform
to not only provide a valuable resource in solving our cash
challenges, but also to provide management tools that streamline
our expenditures processes and allow our organization to focus on
growth."
About Global Payout, Inc. (OTC Pink:
GOHE)
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. Global’s current focus is
continuing to identify new business opportunities while it
reorganizes its future business endeavors.
About MTRAC Tech
Corp.
MTRAC Tech Corp. 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 for alternative banking
and electronic financial marketplace 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
CashlessTM”
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
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"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.
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Payout
www.GlobalPayout.com
619.930.5522 Office
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