SAN DIEGO, CA--(Marketwired - Sep 5, 2017) - Global Payout, Inc. (
In recent weeks, the Company has engaged with the accounting firm Weinberg & Company in addition to a professional law firm who will each be working in collaboration with the Company's finance team to effectively complete all of the necessary requirements associated with their audit. It is the Company's intent to achieve a fully reporting status through the completion of the audit and subsequent filing of their Form 10-K.
"We are very pleased to have kicked-off the very important process of completing our audit and are optimistic in our ability to complete it within the next 60 days so that we enter a fully reporting status," said Global Payout, Inc. CEO James Hancock. "By becoming fully reporting, we are increasing our transparency and demonstrating to both our existing shareholders as well as the investment community our commitment to doing things the right way. This should also place our Company in a more favorable position to facilitate the growth and expansion of the financial technology solutions available through both Global Payout and its majority owned subsidiary, MoneyTrac Technology, Inc.," Mr. Hancock commented further.
By becoming fully reporting, the Company is also optimistic that those within the investment community will look more closely at the Company as an investment opportunity and may also provide the Company with an opportunity to raise capital at more favorable terms. Additionally, the Company's securities, which are currently quoted on the OTCPink under the ticker symbol GOHE, will have an opportunity to be quoted on the other quotation platforms offered by the OTC Markets Group ("OTC Markets") - OTCQB and OTCQX.
About Global Payout, Inc.
Since the Company's inception in 2009, Global Payout, Inc., www.globalpayout.com, 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 will continue to offer their 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.
Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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Global Payout, Inc.