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SAN DIEGO, CA, Nov. 15, 2017 -- Global Payout, Inc. (OTC Pink: GOHE) (“Global” or “the Company”) is pleased to announce that its majority owned subsidiary MoneyTrac Technology, Inc. (“MoneyTrac” or “MTRAC”) is currently in the process of exploring potential strategic partnership opportunities with a variety of entities that are focused on helping banking organizations become compliant with Cannabis regulatory frameworks in states where it is available for medical or recreational purposes.
The marijuana industry grew at a 30 percent annual rate from 2015-2016, with Arcview Market Research predicting a 25 percent compound annual growth rate through 2021. As large as it is diverse, the industry now serves 29 U.S. states and the District of Columbia, where marijuana has become legal for medicinal and/or recreational use. Demand, supply, and product diversity are fueling the growth. The requirements in place that allow financial institutions to work with the cannabis industry are complicated and the consequences of not complying can be severe. Despite this, many institutions want to enjoy the benefits of this massive new market sector, but are lacking in the crucial compliance knowledge and experience.
In an effort to capitalize on a market that is severely underserved with the availability of viable banking options, MTRAC, a full service financial technology organization, is maintaining a sharp focus on securing partnerships with established compliance financial organizations. It is particularly interested in working with companies that possess a proven knowledge of the compliance and regulatory requirements that are necessary to effectively operate within the cannabis industry from a banking perspective.
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.
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.
Public Relations and Media Contact: Global Payout www.GlobalPayout.com 619.795.5180 Office [email protected] Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office [email protected]
