SAN DIEGO, Feb. 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Global Payout, Inc. (OTCPink:GOHE) ("Global") is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), is completing the final steps and due diligence required for the launch of a Regulation D, Rule 506(c) security offering that will be centered around the Company's MTRAC-Token. The Company anticipates leveraging this new token as a critical resource for "Banking the Unbankable" throughout the emerging multi-billion-dollar cannabis industry. This press release is expressly not being used for the purpose of conditioning the market for any of the securities offered (see disclaimer below).
Through the multiple strategic partnerships MTRAC has established in recent months with individuals and entities within the industries of cannabis, finance, compliance, and banking, the Company believes that it will be poised to launch its MTRAC-Token by the end of the first quarter of 2018. The Company also contends that that this security will provide those individuals designated as "accredited investors" with a unique opportunity to become involved with multiple evolving market sectors such as cannabis, blockchain technology, and cryptocurrency through their one investment into the MTRAC-Token.
Said MTRAC CEO, Vanessa Luna: "The MTRAC-Token is something that I truly believe will be first of its kind in the cannabis industry. With the way we are currently structuring this security offering, accredited investors who may have been reluctant to invest in something within the cannabis industry will be given a unique opportunity to pave the way to provide financial solutions for an underserved industry."
In addition to the above, MTRAC will employ the expertise of Pegasus Fintech, Inc., an associated entity. Pegasus Fintech, Inc., with its new appointment of Diana Adachi, is continuously providing strategic direction and following through on their objective to provide a full-service blockchain technology and token accelerator that supports Regulatory Compliant Public Initial Blockchain Offerings (PIBCO).
MoneyTrac plans to announce future details on the specific offering in the future in compliance with regulatory disclosures.
As of this date, no SEC filing (specifically under Form A-1, Regulation A+, has been accepted by the Securities and Exchange Commission) and no regulated exchange has been established. Consequently, all estimated time frames are subject to adjustment based on regulatory actions. (See https://www.sec.gov/news/press-release/2017-227 for policy comments by the SEC Chairman, dated December 11, 2017). This press release does not represent an offer to purchase securities and is not intended to "test the waters" for potential interest. No assurances can be provided that the proposed funding and allocation will be pursuant to the terms presented, completed timely, or successful and the time frames are an objective and subject to adjustment. The Company recognizes that the Securities and Exchange Commission has indicated that it considers tokens as a form of security and shall be regulated as a security under the "Howey" test. The Company will take all necessary actions required to remain compliant with existing rules and regulations.
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 for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
About MoneyTrac Technology
MoneyTrac Technology, Inc. is a pioneer in offering a full-service solution for alternative banking and electronic financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and companies in various "high-risk" industries. MoneyTrac's technology platform allows for its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.
About Pegasus Fintech, Inc. www.pegasusfintech.com
Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities. Pegasus' Accelerator program deploys a team of highly skilled industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools to affect the growth of the business and create and execute the Blockchain and regulatory compliant, security-based Token programs. They also work with investment banking, private equity and democratized investment community to assist their clients with financing initiatives.
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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