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MoneyTrac Technology, Inc. Attends 2017 MJBizCon and Establishes Key Industry Connections for the Growth of the PotSaver Brand and Progress with the Development of Its Banking Solution

Nov 21, 2017

OTC Disclosure & News Service


SAN DIEGO, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTCPink:GOHE) ("Global") is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") established a significant and successful presence during its attendance last week at the 2017 Marijuana Business Convention ("MJBizCon") in Las Vegas, NV where the Company was represented by COO, Vanessa Luna and PotSaver Founder, Aaron Adler.

The event, which brought together a large contingent of individuals and businesses from the cannabis industry across North America, provided the Company and its PotSaver brand with a strong platform to showcase and introduce its service offerings to many key individuals who are deeply connected within the industry. The Company is also encouraged by the number of connections it established at the event which they believe will materialize into new subscription agreements and/or partnerships for the PotSaver brand whose premier Los Angeles edition will be released in Los Angeles County on the 1st of the year.

"This was an incredibly successful trip for both the MTRAC and PotSaver brands," said MTRAC COO, Vanessa Luna. "I am impressed by the tremendous amount of interest our brands are generating amongst some of the most important individuals in the cannabis industry. From PotSaver's expansion into the LA market space, to the banking solutions we are rigorously working on launching for the industry, the growth potential that exists for MoneyTrac is truly limitless as we continue to work on capitalizing on every opportunity possible in this rapidly growing industry," Ms. Luna further remarked.

MTRAC also utilized its time in Las Vegas to attend a variety of important meetings to advance its ongoing work in developing critical banking solutions for businesses operating in the cannabis industry. More specifically, MTRAC met with key collaborators whose focus is on implementing the many different compliance features that will be required to operate a successful and highly-resourceful banking solution for the industry.

Through these connections MTRAC continues to establish itself in the financial banking and compliance sectors, the Company remains extremely optimistic that it will be positioned to launch an effective banking solution for the underserved cannabis industry in the coming months.

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 for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.

About MoneyTrac Technology

MoneyTrac Technology, Inc. is a pioneer in offering a full-service solution for alternative banking and electronic financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and companies in various "high-risk" industries. MoneyTrac's technology platform allows for its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.

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 contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

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