MTrac Goes Live in Las Vegas, Expanding Markets and New Systems Show Exponential Growth
October 23 2018 - 8:00AM
InvestorsHub NewsWire
MTrac Goes Live in
Las Vegas, Expanding Markets and New Systems Show Exponential
Growth
San Diego, CA --
October 23, 2018 -- InvestorsHub NewsWire -- Global Payout Inc.
(OTCPink:
GOHE) (“Global”) and its wholly owned
subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased
to announce the Company successfully went live with their payment
platform at Jardín, ( www.jardinlasvegas.com ) one of Las Vegas,
Nevada’s most successful recreational cannabis dispensaries.
This represents the Company’s first client in the Nevada
market, and the company anticipates this launch to draw interest
from many companies operating in that space. This move also signals
the intent of the company to rapidly expand to states outside of
California to capitalize on the multibillion-dollar cannabis
industry.
Stormy Simon, MTrac
Strategy Officer stated, “The expansion of the MTrac payment
platform outside of the San Diego market is something we have been
planning strategically for some time now. With key members of our
team already in place in Las Vegas at our operations hub, it was
the logical selection for the market we wanted to begin targeting
next. In addition, Nevada merchants have extended hours of
operation which allow for greater transaction processing and given
the extent of late hours, the system again provides added layers of
safety by eliminating the risks associated with
cash.”
Recognized as one of
the premier and highest rated dispensaries in Las Vegas, Jardín is
the first dispensary in the state of Nevada to offer its valued
consumers the convenience of checking out using a credit or debit
card via MTrac’s secure and legally compliant blockchain powered
platform. The state of Nevada, in its first year of legalization,
has generated over $400 million in recreational cannabis sales.
Jardín is one of the most popular dispensaries in Las Vegas with a
highly respected reputation that extends throughout the cannabis
and entertainment industries. MTrac is thrilled to enter the Nevada
market with such a strategic flagship partner to deliver its
revolutionary payment management system in a high-profile
environment.
“Merchant processing
has been one of the most elusive and unreliable aspects of the
industry to date, and it’s an issue that continues to present
challenges for cannabis merchants across the country,” said Adam
Cohen, Jardín Owner / CEO. “We are very excited to offer our
customers the ability to make purchases at the register using their
credit or debit cards with a system that is compatible with our
existing point of sale system. We strive to offer our customers the
safest and most reliable way to pay, which is why we chose
MTrac.”
The newly released
version of the MTrac system in conjunction with Cultivate
Technologies has now, in the short time since launch, processed
over 5 times the amount of volume in the previous three months
combined. MTrac is currently on-boarding new merchants weekly with
plans for mass deployment in several states before year
end.
“This is just the
beginning,” Said Global Payout CEO, Vanessa Luna. “The MTrac system
has made significant head way both on a service and software
systems and with legislative and government relations initiatives.
We have positioned this company for mass adoption, have
strategically launched our system to maintain compliance and
co-built this operation with the merchants in mind. We will strive
to be the provider of choice for the cannabis industry, and every
industry to follow that wants to level the playing field in
transparency and sufficient processing that is both reliable and
backed by blockchain technology. I look forward to future
announcements regarding revenue and the continued growth and
expansion of MTrac.”
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.
www.Mtractech.com
Steve (702) 790-2511 Ext. 101
Info@moneytractechnology.com
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