MTrac Processing Volume Increases Significantly in Q2
August 08 2019 - 8:00AM
InvestorsHub NewsWire
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MTrac Processing Volume Increases Significantly
in Q2
SAN
DIEGO, CA -- August 8, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE,
GOHED)
(“Global” or the “Company”) and its wholly-owned subsidiary MTrac
Tech Corporation (“MTrac”) are pleased to announce that the
platform’s processing volume is now hitting a sustained threshold
of significant growth. The high demand for our signature solution
reinforces the Company’s notion that the industry is seamlessly
adopting our payment platform.
The
Company’s monthly processing volume has more than quadrupled in Q2
alone, setting the stage for a potential breakout third
quarter.
The
Company expects the volume to continue this trajectory through its
growing partnerships with the industry’s most innovative and
leading enterprises. This value proposition is inherent, providing
merchants, banks, state and local governments, and communities with
a service option that is key in a growing
industry.
“The recent and ongoing upsurge in processing
volume we have experienced is encouraging to say the least,” said
Global Payout COO, David Flores. “Governing and regulating our
expansion has been a highly intricate and strategic process given
the challenges that are commonly encountered when taking a new
technology to market for the first time. To have exceeded our own
processing volume expectations in Q2, and to be on a visible path
towards likely exceeding them again in Q3, is, in my opinion,
positive reinforcement that we are in a very favorable position to
continue on our growth objectives. The combination of a
breakthrough and innovative technology and the booming cannabis
industry make for the unique opportunity to be in the right place,
in the right time, with the right
solution.”
The
Company looks forward to offering a more specific revenue update
when the quarterly disclosure is filed, which is due no later than
August 20, 2019, to remain current.
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
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.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac
Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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