SAN DIEGO, March 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Payout, Inc. (OTC Pink:GOHE) ("the Company") is pleased to announce that it has officially engaged Fruci & Associates to complete the two-year formal audit of the Company's financials. This much anticipated event is a signal to shareholders that the Company intends to make 2018 a landmark year.
Over the last year the Company has worked diligently to craft relationships and build a strong foundation for the success of it subsidiaries in key market sectors. MoneyTrac Technology has made great strides in recent months to build a one stop shop for marketing and business development for the Cannabis industry. In addition, they have licensed the technology from Global Payout to offer a unique and powerful FINTECH platform to bring the industry into the electronic payments fold and to solve issues with both front and back end government compliance. Additionally, the newly formed subsidiary, SecurCapital Corp. was formed with an eye on the logistics industry. Secur has also licensed technology from Global to offer similarly powerful FINTECH platform that includes a foreign exchange feature that allows seamless money transfers internationally and at competitive rates. Additionally, Secur will offer AR factoring and working capital for small delivery companies and firms. The completion of the formal audit will be a landmark event, and provide these subsidiaries with the strong core support they need to capitalize on each of their massive, and growing, market sectors.
"We have spent the last several months preparing for this moment, and while we experienced some delay we are very excited to close this chapter and move on as a fully reporting company on the OTCQB," said Global Payout CEO, Jim Hancock. "This really is a crucial moment, both for the company and for our key market sectors. The Cannabis industry is growing at an incredible rate, and logistics and shipping companies are in similar situation. Both of these industries require payment solutions that are modern and flexible, and we have the technology to help bring them into the future of banking."
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 marketplace with technology offerings including E-Wallet and mobile apps for businesses and companies in various high costs of banking industries. MoneyTrac's technology platform allows 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.
About SecurCapital Corporation
SecurCapital is a Fintech supply chain finance company offering premier payment and working capital solutions for the mid-tier logistics industry. The SecurCloud Platform provides an integrated system for global payments, foreign exchange, and factoring services through a proprietary ecosystem controlled by the client. The dashboard user environment allows the client to optimize cash flow management through document delivery of invoices, proof of delivery, and payment transactions to global vendors.
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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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