SAN DIEGO, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) has secured a definitive Referral Partnership Agreement with GreenRush Group, Inc. (“greenRush”). This agreement will provide MTRAC with a direct source of revenue from the referral of cannabis-related businesses who secure a contract with greenRush for the use of their e-commerce payment platform, and Green Label Platform.
The Agreement further solidifies the ongoing partnership between MTRAC and greenRush that was established in May of this year. As MTRAC continues establishing new partnerships with businesses throughout the cannabis industry who are eager to be introduced to various e-commerce platforms, such as that offered by greenRush, it is maximizing consumer exposure and streamlining e-commerce capabilities. The terms of the Agreement also provide MTRAC with an opportunity to earn recurring revenue commissions from e-commerce transaction activity conducted on the greenRush platform involving businesses referred to greenRush by MTRAC.
MTRAC COO, Vanessa Luna said: “The greenRush e-commerce platform is truly ahead of anything else in our industry today and is one of the most valuable resources available to dispensaries and other companies and brands who need an effective platform to market and sell their products for both B2C and B2B purposes. This agreement will give us an opportunity to contribute to the growth of greenRush through our referrals and will also play a vital role in the growth and success of our existing and future clients and partners as we work with them to leverage the resources available through the greenRush platform.”
MTRAC also believes that this agreement should produce revenue earnings for the Company as early as the 1st quarter of 2018 from several already executed referral agreements. In addition, they are currently in the process of directing multiple referrals and brand labels to greenRush, which should result in a steady source of revenue throughout 2018.
MTAC continues to streamline their network of relationships in its pursuit of e-commerce, payment platforms, and the ability to bring compliant and resourceful payment alternatives to this expanding industry.
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 Green Rush Group
GreenRush is a technology and marketing platform that helps facilitate the delivery of cannabis products to patients. From access to new dispensaries, to a simple one-time verification process, GreenRush’s proprietary technology offers unique solutions providing a superior patient experience. GreenRush is rapidly expanding to all states where medicinal cannabis is legal.
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