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SAN DIEGO, March 19, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPINK: GOHE) (“Global”) and its wholly-owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that transactional data and revenue into Q1 of 2019 highlights the continued growth, adaptation, and overall benefit to the one-of-kind MTrac Payment Solution.
As has been the trend since the current iteration of the MTrac system was deployed back in October, totals associated with daily and monthly sales and transactional volume along with the average ticket cost processed within the system continue to climb each month at what the Company perceives to be a very steady and encouraging pace, and the first quarter is seeing a continuation of this very positive trend.
The transaction volume increase is in the Company’s opinion a sign of the significant adoption and industry desire for a compliant service offering. MTrac is on track and projected to see over a 100% increase in revenue from Q4 of 2018 to this 1st quarter in 2019.
“This has been the objective from day one and we are in my opinion not only past the point of execution but at a trajectory of exponential growth,” said MTrac CEO, Vanessa Luna. “The industry is yearning for a solution of MTrac’s caliber, we have in very little time showcased our ability to service the market and grow within it. We currently service some of the largest and most prestigious cannabis-related businesses in the nation and will continue to take the market and expand our foothold in the industry. These revenue and transactional numbers not only have a direct impact on our own bottom line as a company, in consideration, we are for the first time in GOHE history providing a clear path toward revenue and anticipated future profitability, this also positively impacts the bottom line of the businesses we serve. Our intent and daily objective continues to be in capturing as much of the market of this multi-billion-dollar industry as possible, and with the success and triumphs we continue to achieve on a month-to-month basis, and in recognizing the continued adoption of our system I remain firm in my belief that MTrac is on the path towards becoming the most trusted and compliant fintech payment solution provider in the industry.”
MTrac has recently launched Cultivate version 5.5, making customer checkout time even faster through swipe functionality, more robust reporting and compliance and traceability upgrades. We continue to receive feedback from our merchants and implement suggested changes for overall system enhancement.
MTrac is The Key to Cashless™
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. 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. resulting in Global retaining the wholly owned 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 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 disclosed on the OTC Markets.com website.