SAN DIEGO, March 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--MoneyTrac Technology, Inc. ("MTRAC", the "Company"), is launching a Regulation D 506(c) offering that will be centered around the Company's MTRAC-Token. The Company plans to use this new token to accomplish its goal of "Banking the UnbankableTM". This press release is not being used for the purpose of solicitating the market for any of the securities offered (see disclaimer below).
The launch of the raise and MTRAC-Token is both the culmination of months spent building crucial relationships and marks the beginning of something much larger for the Company. MTRAC views itself as a "New Age Technology Holding Company," through its network of partnerships and affiliate clients, pioneering a course in the cannabis industry into what has been dubbed the "New Gold Rush." As the cannabis industry currently faces the challenges with banking accessibility and electronic payment solution availability, MTRAC intends to utilize this raise as the resource needed to deliver the solutions they have been co-developing to this rapidly growing industry. With this opportunity MTRAC will work to address some of the industry's biggest challenges by facing them head on and introducing "The New Age of Currency"
Said MTRAC CEO, Vanessa Luna: "The MTRAC-Token is a unique type of investment opportunity providing investors a way to be involved in revolutionizing a multitude of industries. Our singular focus over the past several months has been meticulously piecing together our powerful network of partners, which combines two of the most influential and newly successful industries of our generation, cannabis and blockchain technology. We at MoneyTrac are a team of innovators working to develop and introduce the solutions necessary to give businesses operating in the legal cannabis sector the specific tools needed to flourish. There has never been a time like the present, when technology and finance converge to create viable, and much needed, solutions in a burgeoning new industry, which is expected to grow exponentially over the next few years. This is the opportunity, this is "The MTRAC-Token"
Information regarding the offering can be found at www.mtrac-token.com
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 MoneyTrac Technology
MoneyTrac Technology, Inc. (MTRAC) is a "New Age Technology Holding Company" offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions for businesses and companies in various "high-costs" of banking industries. MTRAC offers additional suites of services ranging from business development, sales and marketing, to digital and print advertisement. We are One Network disrupting the status quo. It is MTRAC'S creative vision to create a "The New Age of Currency" by bringing innovative technology solutions to various industries and providing the means for "Banking the Unbankable
About Global Payout, Inc. (OTC Pink:GOHE)
MoneyTrac Technology's majority interest is held by 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.
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:
MoneyTrac Technology, Inc
619.795.5808 - Office