MTrac Invited to Participate in Policy Summit After Meetings with Legislators
October 03 2019 - 7:00AM
InvestorsHub NewsWire
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MTrac Invited to Participate in Policy Summit
After Meetings with Legislators
SAN
DIEGO, CA -- October 3, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to announce that Global
Payout CEO Vanessa Luna has been invited to participate in a panel
discussion at California’s 1st Annual Cannabis Policy
Summit in Oakland, CA, on October 18 of this year. Joining her in
attendance will be Jason LeBlanc, MTrac Chief Compliance Officer.
This invitation comes at the end of a series of successful meetings
held in Sacramento with various legislators and regulatory
agencies.
Over the last week, MTrac had an opportunity to
present to state officials the features and functionality of its
SAAS solution to serve as a tool for banks and regulators to
enhance the availability and transparency of financial services
offered to the state’s legal cannabis
industry.
The presentations focused on the
system’s ability to allow compliant electronic payments in its
closed-loop platform while providing transparency through the
secure tracking capabilities of the wallet’s blockchain ledger as a
reconciliation tool for financial reporting. In terms of practical
application, the system’s checkout flow, which mirrors traditional
card processing by automating the wallet load process, was
appealing as a market differentiator for mass adoption, which
translates to more tax revenue for the state.
“Our holistic approach to payment
processing in the cannabis industry is three-pronged and includes
1) the promotion of public safety through the elimination of the
reliance on cash, 2) normalizing state licensees’ access to
financial services, 3) providing a transparent, digital avenue for
bank deposits to pay taxes and manage financial positions, and we
were certainly encouraged by the feedback we received in presenting
this approach to the state,” said CEO Vanessa Luna. “Since MTrac’s
conception, our goal has been to assist regulators in navigating
the complexities and challenges caused by the contradictions
between state and federal cannabis laws. These meetings were a
culmination of our efforts to deploy into the market over the last
year and establish our proof of concept, with an opportunity to
present to state lawmakers that a practical and viable solution
exists now through an innovative technology that has been developed
by the private sector.”
The impressive line-up of meetings
in the state’s capital was made possible by Strategies 360, MTrac’s
government affairs associates, and the MTrac team is honored to
have received an invitation to the Policy Summit later this month.
MTrac and its partners look forward to working with state officials
to continue advancing initiatives that ensure a secure and
transparent cannabis industry in California.
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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