SAN DIEGO, July 12, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire — Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTrac Tech Corp. (“MTrac”), is launching operations in a new retail merchant location. The Jet Room is a licensed and compliant medicinal dispensary in Adelanto, CA. The payment platform will go live here on Friday, July 13th, where the MTrac team will be on hand to successfully implement the system, on-boarding both The Jet Room staff and its patients.
The MTrac platform is allowing merchants to utilize a variety of our services offered, where they would otherwise be limited to cash only operations. The high volume of cash with which these businesses are forced to operate, continues to present significant security and liability issues for its stakeholders and the community at large. The MTrac platform is an end-to-end solution that not only provides access to take cash and make it available electronically, but also includes a robust merchant wallet where business owners can process accounting and business expenditures functions on a fully-reporting, transparent, and immutable ledger. For the thousands of licensed, legal cannabis merchants across the country that need (but have no access to) electronic payment options, the MTrac platform is an attractive solution that helps these businesses achieve this objective with the ability to digitally pay B2B invoices inside the MTrac ecosystem and issue eChecks outside of the system to pay for items, such as rent, payroll, and taxes.
Since the Company’s initial San Diego launch two weeks, MTrac has experienced an influx of opportunities across Southern California, Nevada, and multiple states on the East Coast. While the MTrac system is an attractive offering for the legal cannabis industry, its application can be used in any business that wishes to go cashless for a variety of reasons, not the least of which includes the elimination of internal and external theft. For these reasons and tracking purposes, we feel that this is the direction which society at large is heading.
“My team and I are very excited for the opportunity to launch with The Jet Room, our second retail merchant, in Adelanto, which is striving to be a cannabis safe community. The ability to eliminate or reduce the amount of cash in cannabis businesses makes our communities safer,” said Global Payout CEO, Vanessa Luna. “The value of having a safe and compliant commerce platform provides such a huge benefit for businesses and consumers alike. Bringing on this new merchant also represents another milestone in our ongoing growth and expansion, which is being spearheaded by our talented and dynamic sales and marketing team.”
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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 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.
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