BALTIMORE, April 25, 2012 (GLOBE NEWSWIRE) -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has initiated research coverage of Global Payout , Inc. (OTCPK:GOHE), a global prepaid payment solutions provider. Global Payout is poised to emerge as the go-to source for domestic and international prepaid debit and eWallet programs.
While some estimates place the U.S. market size at $1 trillion dollars, VISA® has noted that the global prepaid debit card market could be as high as $3 trillion. In the U.S. alone an estimated 29% of Americans are either unbanked or underbanked. According to surveys conducted by the Rand Corporation and the FDIC, there are 48 million unbanked consumers in the U.S. and 43 million underbanked. These figures highlight the huge market opportunity as these consumers transition into prepaid debit card use.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
"In our view, Global Payout has significant, inherent advantages in the prepaid payment solutions market domestically and abroad. For example, the Company offers a platform for large companies with an international presence in need of a global-capable payment system. This innovative approach positions Global Payout with a first-mover advantage in a high-growth and highly profitable segment of the market. The stock is likely to be news-driven in the near-term, but a number of milestones and events should drive the stock and its valuation higher."
To view a summary of the report or download the report in its entirety, please visit www.goldmanresearch.com
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock market research reports and weekly investment newsletters. For more information, visit www.goldmanresearch.com.
A Goldman Small Cap Research report is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read the report's full disclosures and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
About Global Payout, Inc.: Global Payout, Inc. (OTCPK:GOHE) is a payment solutions provider offering U.S. and international companies' electronic payment and pre-paid debit card solutions. Through its processors and solution providers Global Payout offers an innovative and unique international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the Company provides U.S. and international debit cards, enabling accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global Payout also offers prepaid debit cards in the U.S. for payroll and general spend programs.