SAN DIEGO, Oct. 24, 2017 (GLOBE NEWSWIRE) --

Global Payout, Inc. (OTCPink: GOHE) (“Global”) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC,” the “Company”) has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain, and cryptocurrency market sectors.

The core focus of the partnership will center around the development of a regulatory-compliant, security-based cryptocurrency token to be utilized within the financial technology platform that MTRAC is currently developing for its clients operating in the cannabis industry. Additionally, it is MTRAC’s intent to introduce a value-driven token that will completely streamline payment processing for businesses and consumers across an industry that continues to grow substantially.

“MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry,” says MTRAC COO Vanessa Luna. “Pegasus’s cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we believe will become the foundation for a revolutionary financial platform for the cannabis industry and go well beyond anything currently available in this market.”

Pegasus founder and CEO David Lucatch adds, “At Pegasus Fintech, we have devoted a considerable amount of time and effort toward the development of a security-based token acceleration process that meets the needs and expectations of a changing global securities landscape. We are excited to have the opportunity to work in collaboration with MoneyTrac Technology on the development of a regulatory compliant Public Initial Blockchain Offering (“PIBCO”) that will become the foundation for a token offering in their market sector that we believe will not only offer a real value to investors and token holders, but also facilitate market liquidity.”

With the development and successful launch of a cryptocurrency-based token, MoneyTrac expects to increase its revenue earning potential in addition to its overall value amongst its client base within the cannabis industry.

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. For more information, visit www.GlobalPayout.com

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. MoneyTrac Technology also provides Business Development services to clients in high risk industries for the further facilitation of all business expansion, regulatory compliance, and facilitation of business opportunities. For more information, visit www.MoneyTracTechnology.com

About Pegasus Fintech, Inc.

Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities. Pegasus’ Accelerator program deploys a team of highly skilled industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools to affect the growth of the business and create and execute the Blockchain and regulatory compliant, security-based Token programs. They also work with investment banking, private equity and democratized investment community to assist their clients with financing initiatives. For more information, visit www.PegasusFintech.com

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.