An Industry in Need: MTrac 2020 Successfully Introduced at MJBizCon
SAN DIEGO, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Global Payout Inc. (OTCPink: GOHE ) (“Global” or the “Company”) is pleased to announce that while in attendance at last week’s Marijuana Business Convention (“MJBizCon”) in Las Vegas that their team had a successful showcase of the new and improved MTrac payment platform set to roll out in early 2020. The MTrac 2020 system, which is currently in its final stages of development and beta testing, will feature a more attractive user interface, improved reporting capabilities and key enhancements to the ledger and its recording and auditing proficiencies. Furthermore, the system will continue to provide users with the most robust and seamless cashless payment processing system available in an industry which remains extremely limited in viable payment processing solutions.
While in attendance at MJBizCon, the MTrac team had the opportunity to meet and connect with a variety of individuals and business owners throughout the industry and discuss with them the challenges that remain present due, in large part, to the absence of a stable banking system.
“It is truly astounding to see how underserved this industry remains from a banking and payment processing perspective despite the powerhouse it has become,” said MTrac EVP David Flores. “However, this simply reinforces the unique and significant opportunity that exists for those of us who are willing to carefully navigate the inherent complexities and challenges that are associated with operating in this particular sector of the industry. In speaking with several different industry professionals at the convention, the most common word used to describe this sector was “volatile,” due to the constant restrictions and changes it is subjected to from a regulatory standpoint. In my opinion this is why we have witnessed multiple solutions in this sector come and go since we last attended this event in 2018. The MTrac 2020 platform will represent another step forward in our evolution and represents the culmination of the experience we have cultivated attempting to solve this problem for the Cannabis industry. We have met many of the challenges that have derailed other companies and have managed to navigate them. We will come into 2020 stronger than ever and ready to deploy what we believe to be the most stable and user-friendly system available to this market to date.”
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. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors.
About MTrac Tech Corp.
MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Global Payout, Inc. MTrac is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTrac payment platform offering a full-service solution with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTrac’s creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to Cashless®.” 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 disclosed on the OTC Markets.com website. Media Contacts: