MTrac Realizing Revenue And Paving The Way as "The Key to Cashless"
August 02 2018 - 8:00AM
InvestorsHub NewsWire
MTrac Realizing Revenue And Paving The Way as “The
Key to Cashless”
San Diego, CA --
August 02, 2018 -- InvestorsHub NewsWire -- Global Payout Inc.
(OTCPink:GOHE)
(“Global”) is pleased to
announce that the MTrac Platform is on track to transact more than
$600,000 in the coming weeks, and the Company expects this number
to increase significantly as new merchants are onboarded. The
revenue generated from these transactions marks the beginning of a
period of rapid expansion for the
company.
Since the official
launch in June of this year, the company has implemented six
merchants that are currently active. In addition to the six active
merchants, the company currently has more than 15 applications in
various stages of implementation. While the company has focused on
solving the cash problem for cannabis, the clientele using the
platform is extremely diverse among a variety of “high-risk”
and e-commerce merchants for which the platform has proven to be
extremely valuable. The first few months have provided the company
with several test cases for which the feedback has been highly
productive and insightful. The platform and mobile app are at
present a fully functioning payment software platform and will
continue to be updated with new features as they come available.
"This is a very
exciting time for all of us here at MTrac,” Said Vanessa Luna, CEO.
“We are in a stage of expansion and anticipate ramping up sales and
implementation significantly over the coming months. The recent
exposure at the NCIA event in San Jose where MTrac had a booth, and
sustained significant presence provided us with extremely positive
feedback and I am very confident that businesses are very receptive
to our model. The functionality and security of our payment
solution is in my opinion, exceptional, and I can’t wait to bring
our cashless solution to the mass
markets.”
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. and now wholly owns
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 contained in the Edgar Archives
of the Securities and Exchange Commission at www.sec.gov.
Public Relations and Media Contact:
Global Payout
www.GlobalPayout.com
619.930.5522 Office
Information@GlobalPayout.com
Communications Contact:
NetworkNewsWire (NNW)
New York, New York
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212.418.1217 Office
Editor@NetworkNewsWire.com