MTrac Effectively Moving Across the States; Retains Government Affairs Power Firm S360
August 21 2019 - 7:00AM
InvestorsHub NewsWire
MTrac Effectively Moving Across the States;
Retains Government Affairs Power Firm
S360
SAN
DIEGO, CA -- August 21, 2019 -- InvestorsHub NewsWire
-- Global Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) and its wholly owned subsidiary MTrac
Tech Corporation (“MTrac”) are pleased to announce that the company
has retained one of the nation’s leading government affairs
organization, Strategies 360 (S360),
to further the platform’s legislative push to be recognized as the
most innovative and seamless SaaS (Software as a Service) solution
to facilitate cashless, compliant, and secure payments for the
legalized cannabis industry.
Headquartered in Seattle, WA, S360 represents a
broad range of sectors with an expanding footprint in 12 western
states and D.C. The S360 team is comprised of some of the brightest
and forward-thinking former executives from various industries,
such as technology, finance, and energy, in addition to former
state public office holders.
One
of the primary goals of the MTrac platform has been to assist
governments in their efforts to both regulate the cannabis industry
and solve the issues associated with cash heavy transactions and
lack of available banking resources. Some states have recently been
exploring closed-loop systems to implement statewide regulatory
oversight of legal cannabis operations. For example, the state of
Arizona has opened a “Fintech” sandbox, allowing various
closed-loop systems into the Arizona market on a limited basis to
see how well they operate. Nevada will, very shortly, be opening a
Request for Proposal to find a closed-loop, blockchain platform
that will allow their cannabis industry to accept digital payments.
It is the opinion of management that the MTrac system is the most
seamless version of this payment platform available and offers the
added benefit of having a large and growing customer base to
provide proof of concept, similar to the recent state-wide launch
in Louisiana.
“The agreement with S360 could not have been
timelier in terms of presenting our solution to the western region,
to showcase the features and functionality of the platform’s
closed-loop eWallet accounts for the states’ lawmakers.” said Mr.
LeBlanc. “We are extremely excited to be working with such a
dynamic and results-driven government affairs team. The opportunity
to present our platform at the highest levels of state regulators
and legislators is an objective that our legal and compliance teams
have been working toward for the last several months, and the
partnership with S360 is now making this opportunity a
reality.”
The
Company looks forward to working closely with the S360 team to
introduce its payment platform to the western states and will keep
shareholders apprised of its progress at regular intervals.
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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