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SAN DIEGO, March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink: GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the U.S. Patent and Trademark Office has federally registered its slogan, The Key to Cashless® under Trademark Registration #5705041. The initial application for this trademark was initially filed and submitted roughly one year ago by MTrac’s legal team, and with its completion and official registration, the Company will now incorporate the trademark into its growing book of assets.
“This slogan represents our philosophical vision for the financial solutions our team is delivering to an industry in need,” said Vanessa Luna, MTrac CEO. “The cannabis industry has, in my opinion, been federally handcuffed by Schedule 1 classification, and all of the state-licensed cannabis businesses, who are doing everything correct from a regulatory compliance perspective to remain in good standing with its state and local governments, and who are creating jobs and generating tax revenue for the betterment of communities, have been effectively cut off from traditional banking services. These organizations have endured many challenges such as high security costs, managing financial expenditures, and all of the risks associated with cash-only or cash-heavy operations,” says Ms. Luna.
As evidenced by the rapid growth of MTrac"s operations specifically in the cannabis industry, we expect the cannabis industry to fully embrace our technology to help address their needs. By utilizing innovative blockchain ledger technology, MTrac has been able to implement its FinTech solution as a comprehensive value position, which not only provides consumers and merchants with a card processing platform, but is also reducing risk and increasing sales and tax revenue for state and local governments. Said Ms. Luna, “The financial challenges facing the cannabis industry have created an opportunity for FinTech solutions to redefine traditional merchant processing and is providing a platform to prove its reliability. The structure of our business model relies on the software platform that serves as a compliance tool for banks and regulators, while mitigating the risks associated with cash, creating a truly comprehensive value position, which is why we are The Key to Cashless®.”
About Global Payout, Inc. (OTCPink: 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.
Global Payout, Inc.
(702) 790-2511 Ext. 101
MTrac Tech Corp.
(702) 790-2511 Ext. 101