Global Payout Continues Progress with Ongoing Audit
September 10 2019 - 8:00AM
InvestorsHub NewsWire
Global Payout Continues Progress with Ongoing
Audit
SAN
DIEGO, CA -- September 10, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to advise
shareholders and interested stakeholders alike that work and
overall progress continues to be made with the Company’s ongoing
two-year audit and that the Company remains intent on filing its
Form-10 as soon as reasonably possible.
For the better part of the past
several months the Company has been fully engaged in a two-year
audit as part of a key and necessary requirement to effectively
complete its Form-10 filing and provide the Company with the fully
reporting status that management has been eager to achieve since
assuming control of the Company in June of 2018. Since April
of this year, the Company has been working in collaboration with
Albeck Financial Services, Inc. to review and reconcile the
Company’s financial records from the last two years in preparation
to be turned over for review and audit by M&K CPAS, PLLC, one
of the final steps required prior to filing the Form-10. And while
the Company admits that at times this process has been
painstakingly intricate and complex, it is both pleased in the
progress that has been made and recognizes the overall significance
it will provide in helping Global Payout establish a strong
financial foundation that it believes will be pivotal in fostering
its anticipated growth and expansion over the next several
years.
“We have approached this process
of reconciling our financials with extreme care and prudence as we
understand how important achieving fully reporting status is to the
company,” said Global Payout COO, David Flores. Filing our Form-10
remains at the very top of our agenda given the credibility and
transparency it will afford us. The filing is a vital component to
establish Global Payout and MTrac Tech as legitimate powerhouses in
the cannabis and fintech market sectors and we will continue to
work diligently on its completion.”
The Company anticipates releasing
additional updates as it relates to this ongoing audit and as it
gets closer to filing its Form-10.
About Global Payout,
Inc. (OTC
Pink:GOHE)
Since
the Company's inception in 2009, Global Payout, Inc. has been a
leading provider of comprehensive and customized prepaid payment
solutions. 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 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
Cashless®.”
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.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac
Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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