SAN DIEGO, March 22, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) ("Global") is pleased to announce that its subsidiary MoneyTrac Technology, Inc. ("MTRAC", the "Company") successfully attended the Cali-Baja Israel Mexico Innovation Expo in Tijuana this past week where they were able to provide key representational support for their partner, GreenBox ("GBOX"). The expo which was held on March 20th and 21st, brought together technology leaders from around the world to share and exchange ideas among some of the most innovative companies around today.
The expo provided the teams from MTRAC and GBOX a unique and beneficial opportunity to share the forward-thinking blockchain technology solutions offered by GBOX with industry leaders from industries such as energy, water-tech, IoT, mobile and electronic payments and security technologies from all over North America. Most specifically, MTRAC leveraged their presence at the expo to establish strategic connections amongst a diverse group of industry leaders. This is a critical stage for the Company as they ramp-up efforts on the go-to-market strategy for GBOX through the exclusive marketing rights afforded to them by the Joint Venture Partnership executed between the companies. For GreenBox, this event provided valuable connections with tech leaders from across the border, and MTRAC plans to leverage these new relationships to catalyze its already rapid expansion.
"The primary objective of attending this expo in partnership with GreenBox was to further our efforts in helping them develop their brand image and generate additional buzz for the impressive blockchain technology-based solutions they are prepared to deliver to a variety of target market sectors," said MTRAC CEO, Vanessa Luna. "I am very encouraged by the interest and overall excitement we received during the expo especially in knowing that it was received from individuals who are innovators and leaders in the world of technology solutions. My team and I recognize now more than ever the disruptive capabilities GreenBox can infuse into multiple high-cost banking industries and truly be a driving force behind bringing our mission of Banking the Unbankable to fruition."
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 GreenBox POS, LLC.
GreenBox POS, LLC ("GBOX") brings innovative and unique solutions to the market. As a technology company that builds customized payment solutions to different industries, GBOX's core focus is delivering and developing individual disruptive applications integrated in an end-to-end suite of financial products and supporting multiple industries. GBOX develops all software both inhouse and with international subsidiaries. GBOX also develops the required electronics modifications in partnership with different vendors to create Point of Sale machines as an upgrade offering from existing solutions, or for first time merchant scenarios, and custom built blockchain KIOSK machines. GBOX POS develops the following main products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products are in beta stage, with V1 at the end of Q1/18. All custom hardware (including POS and KIOSK), are available to order now. The capitalized names (POS, DEL, PAY, and KIOSK) are internal product codes. All V1 products (software and hardware) are appropriately branded.
About MoneyTrac Technology
MoneyTrac Technology, Inc. (MTRAC) is a "New Age Technology Holding Company" offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions for businesses and companies in various "high-costs of banking" industries. MTRAC offers additional suites of services ranging from business development, sales and marketing, to digital and print advertisement. We are One Network disrupting the status quo. It is MTRAC'S creative vision to create a "The New Age of Currency" by bringing innovative technology solutions to various industries and providing the means for "Banking the Unbankable"
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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