SAN DIEGO, Aug. 02, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--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.
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