World News: 13:00 GMT Wednesday 15th May 2019. [Global Payout, Inc. via Globe Newswire via SPi World News]
SAN DIEGO, May 15, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTC: GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the Company has reached a sales milestone with over 100 completed and approved applications for the MTrac system. The MTrac team has worked diligently to increase revenue and improve shareholder value and this milestone is an indicator of what the rest of the year will bring. The Company has received new applications on an almost daily basis and expects this trend to continue as the platform gains market share.
Launched in October 2018, the MTrac payment platform is a game changer for the legal cannabis industry. Offering fully compliant credit and debit card processing, the MTrac platform leverages the distributed ledger of blockchain technology to create an elaborate closed loop ecosystem that provides a premier service to an industry in need. “Since the beginning of the year we have experienced a massive uptick in interest for our platform,” said MTrac CEO, Vanessa Luna. “Many companies have attempted to solve this problem for the industry, which has resulted in a general skepticism among licensed business owners. However, we have demonstrated over the last several months that our platform is not only unique, it is in my opinion the most seamless, functional, and compliant system available today, and is reflected in our ability to partner with many of the industry’s leaders. The momentum is building significantly here at MTrac, and we are extremely excited to see what the year will bring.” The Company intends to file its quarterly report no later than May 20, 2019 and will continue to update shareholders on its expansion as the year progresses.
Globe Newswire: 13:00 GMT Wednesday 15th May 2019
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