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SAN DIEGO, Aug. 15, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that it has successfully signed and begun implementing one of San Diego’s premier dispensaries, The Healing Center (THC), and is expected to go live with MTrac by the end of the week. The MTrac team held its first training session with the THC staff to use the platform and will be on site to promote MTrac and engage the THC client base directly. Additionally, the Company has two more dispensaries officially signed who will be going live in the coming weeks, and two more in various stages of the application process. The Company believes this represents the beginning of a large push in the San Diego cannabis market that will grow significantly over the coming months, and will include not only dispensaries, but also the vendors that provide products to them.
"We are experiencing a very strong momentum in our local market based on our team’s incredible effort to get our message out to the industry,” said Aaron Adler, Global Payout CRO. “We had an amazing presence at the NCIA Cannabis Business Summit Expo in San Jose last month and have been riding a wave of energy and interest in our solutions ever since. Once we show the security and compliance features of the system, our merchants see the potential of such a flexible and accessible platform and walk away from demos very excited. The truth is cash is not very secure compared to digital blockchain payments, and aside from just the payments, the transactions ledger and the ability to process all business expenditures out of the merchant wallet make it an ideal solution for the cannabis industry.”
MTrac plans to continue to announce significant milestones in the roll out of the MTrac Platform. The Company expects significant growth through the end of the year and will continue to apprise the shareholders of its progress.
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. resulting in Global retaining the 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 Cashless™”
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.
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