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SAN DIEGO, July 31, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Global Payout Inc. (OTCPink:GOHE) ("Global") is pleased to welcome Stormy Simon as Strategy Officer and member of the Company's Board. Stormy spent 15 years with the E-Commerce pioneer Overstock.com through the early stages of their development and helped them to emerge as a nationally recognized e-commerce leader. As a result, she brings a wealth of experience in the arena of startups and new industry creation and we are excited to welcome her to the MTrac Team.
During her tenure at Overstock.com she branded the company into a household name, created an award winning in-house customer care team, held titles including SVP of Customer Care, SVP of Marketing and Branding, SVP of Operations, Director of the Board, and finally in 2013, President. In July 2016, she made the decision to part ways with Overstock.com and began an exploration into the emerging cannabis market which included consulting for a cannabis grow facility, a variety of dispensaries, and sitting on a number of strategic boards within the industry. Stormy will now set foot into a new and exciting chapter in her career as MTrac's Strategy Officer where she will have a distinct opportunity to contribute to the growth and success of a company that is currently poised to revolutionize the cannabis and other targeted industries by taking them completely cashless.
"After a couple years of self-education within the cannabis industry, including the ancillary businesses that are emerging to support it, I learned that one of the biggest issues that affects almost all of these businesses is the ability to effectively bank your money in an industry that is currently cash dependent," said MTrac Strategy Officer, Stormy Simon. "Ironically, Overstock was the first retailer to take Bitcoin and also my first introduction to the blockchain technology that supports it. When I was introduced to MTrac, a blockchain driven technology, I was excited to join Vanessa (Vanessa Luna, MTrac CEO) and her talented team that is working hard to address and solve the cash crisis in cannabis. The MTrac solution uses technology that not only keeps consumers and merchants safe by eliminating the use of cash, but provides them with a powerful and intuitive platform that can be used far beyond the cannabis market. And with the systems report processing capabilities, merchants can exceed compliancy requirements and state government offices can complete audits more efficiently than ever before. The opportunity to help deliver safety and compliance in such an emerging industry is something that truly excites me, and I look forward to jumping right in and leveraging my knowledge, experience and passion to help write the MTrac success story."
Said MTrac CEO, Vanessa Luna: "As a woman leader tasked with the responsibility of building and managing a successful company, I cannot help but be inspired with the dynamic background Stormy brings to the table and I am thrilled that she sees the potential in our vision and has made the decision to join our team as Strategy Officer. Her experience in the development and implementation of strategies which helped take a company to over $500M in revenue makes her a valuable asset to any company. It goes without saying that her addition here is hallmark of where we are today as a company as well as where we can be tomorrow. Surrounding myself with strong and knowledgeable leaders is, in my opinion, an essential part of creating a successful company. To have this unique opportunity to work side-by-side with a strong and talented leader such as Stormy, whom I have admired and respected for a number of years, is not only a thrill for me personally, but something that I believe will be invaluable to the growth and success of our Company."
Ms. Stormy Simon is truly a welcomed addition to the team and we look forward to racing to the finish line in cannabis and beyond.
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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