SAN DIEGO, Nov. 26, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that they are expanding into 3 new states with the signing of two new clients, both national brands that are two of the largest cannabis companies in the U.S.
“We strive to work with companies whose goals and principles are aligned with the core values of our company,” said Vanessa Luna, CEO of MTrac. “We are solving some of the biggest financial challenges facing the industry, and I believe that a shared vision and key relationships with leading companies provides us with an opportunity to truly set a gold standard. With the deployment of our compliant and transparent payment processing and management system, we are solving the problems and addressing the risks associated with cash-heavy operations, while maximizing our value positions and enhancing customer/patient experience with secure and efficient transactions.”
MTrac’s two new clients are adding 10 dispensaries to its platform with another 15 projected to come aboard before year end, and both companies are looking to add about 50 more dispensaries to their rapidly growing organizations in 2019. “With these new locations in Arizona, Maryland, and Pennsylvania, we are expanding our operational footprint to six states,” said Ms. Luna. “Our organizational infrastructure and streamlined processes are allowing our company to rapidly scale with a steadily growing pipeline of new clients. Our team’s main focus is to continue working with industry leaders and to produce revenue on a much larger scale, with our eyes on mass market adoption.”
(MTrac does not have authorization to disclose their clients by name, therefore, only servicing disclosure is made herein.)
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. 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 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 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.
Public Relations and Media Contact:
MTrac Tech Corp.
(702) 790-2511 Ext. 101
New York, New York