NetworkNewsBreaks – Global Payout Inc. (GOHE) Subsidiary Records Processing Volume Increase, Sizable Quarterly Revenue Growth

Global Payout Inc. (OTC: GOHE), together with wholly owned subsidiary MTrac Tech Corporation, this morning provided a shareholder update on MTrac’s ongoing expansion in 2019. Per the update, the company has realized an estimated processing volume increase of more than 5x since October 2018, and it now has more than 50 merchants within the MTrac ecosystem. As a result of this progress, the company’s gross revenue figures more than tripled from Q4 2018 to Q1 2019.

“MTrac continues to make significant progress in addressing the needs of present and future cannabis industry customers,” Global Payout COO and MTrac Executive Vice President David Flores stated in the news release. “The proof that we are trending in the right direction and are pushing forward with our objective of capturing as much of this diverse and rapidly expanding industry as possible, is positively in the numbers. We have always recognized and understood the inherent challenges we would face to bring our system to market, particularly due to the fact that industry protocols and standards are being developed and established right before our eyes. However, rather than shy away from these challenges, we have embraced them and are identifying opportunities to leverage the unique compliance, safety and security features the MTrac system provides to help lay the groundwork for creating a safer and more efficient industry. So long as we continue to maintain this as our primary objective, I truly believe our success and achievements will continue to be reflected in our quarter-by-quarter figures through 2019.”

To view the full press release, visit http://nnw.fm/U5ItF

About Global Payout Inc.

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. For more information, visit the company’s website at www.GlobalPayout.com

NOTE TO INVESTORS: The latest news and updates relating to GOHE are available in the company’s newsroom at http://nnw.fm/GOHE

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From E-rumor Mill

Happy birthday: Queen Elizabeth II turns 93 on Easter Sunday

Apr 21, 2019

LONDON — Queen Elizabeth II is celebrating her 93rd birthday, which this year coincides with Easter Sunday. The queen is marking Easter by attending a service with other senior royals at St. George's Chapel on the grounds of Windsor Castle, west of London. She was joined by Prince William and his wife Kate, the Duchess of Cambridge, and Prince Harry, whose wife Meghan, the Duchess of Sussex, is expecting their first child in the coming weeks and did not attend. Harry and Meghan did post a birthday greeting for the queen on their Instagram page: "Happy Birthday Your Majesty, Ma'am,...

Fed Cup semi: Australia, Belarus tied 2-2 ahead of doubles

Apr 21, 2019

BRISBANE, Australia — The Fed Cup semifinal between Australia and Belarus is going to a doubles decider. Victoria Azarenka beat Australia's Sam Stosur in the second reverse singles Sunday 6-1, 6-1 in 59 minutes to even the match at 2-2 on hard courts at Pat Rafter Arena. In the second set, Azarenka went ahead 3-1 when Stosur double-faulted to set up break point. Azarenka's win was met with loud cheers from the small but noisy group of Belarusian fans waving their country's red and green flag. In the deciding doubles, Ashleigh Barty and Stosur were expected to play Vera Lapko...

Actress Anjelica Huston supports banning fur sales in NYC

Apr 21, 2019

NEW YORK — Actress Anjelica Huston is supporting efforts to outlaw fur sales in the fashion mecca of New York. Huston says in an opinion piece in the Daily News that she used to think fur was a symbol of "glamour and affluence" but now she's ashamed of having supported the fur trade years ago. She is backing bills introduced in the New York City Council and in New York's state Legislature to ban the sale of fur. Huston says many consumers are unaware of fur's "horrifying" supply chain. She says coyotes whose pelts adorn hoods and collars may suffer...

Celtics can sweep; Warriors, Raptors, Blazers aiming at 3-1

Apr 21, 2019

ORLANDO, Fla. — The stars have been stars in these playoffs. Kyrie Irving has Boston on the cusp of sweeping away Indiana Pacers. Kevin Durant, Stephen Curry and Golden State are coming off a game against the Los Angeles Clippers where the Warriors looked very much like the NBA champions again. Damian Lillard and Russell Westbrook are going at each other big-time in the Portland-Oklahoma City series. And then there's Pascal Siakam. Toronto's surprise story is no surprise anymore. Siakam has been perhaps the biggest breakout player in these playoffs, adding to his breakout season for the Raptors — who...

Anderson sits out game, doesn't detail comments in fracas

Apr 21, 2019

NEW YORK — Chicago White Sox shortstop Tim Anderson didn't go into detail Friday about what he said during a bench-clearing fracas with Kansas City earlier in the week after a report that he directed a racial slur at Royals pitcher Brad Keller. Anderson was suspended one game for his actions Wednesday. Tempers flared after Keller hit Anderson, who had celebrated an earlier home run, with a fastball. Keller was penalized five games by Major League Baseball and is appealing. ESPN, citing unidentified sources , said Anderson, who is black, called Keller, who is white, the N-word during the fray....

Sign up now!

About Us

Who doesn’t love gossip? E-Rumor Mill grinds the news and gossip to keep reader's well-entertained.

Contact us: sales[at]e-rumormill.com

Subscribe Now!

Quick Links

HomePress