SAN DIEGO, Dec. 04, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Global Payout Inc. (OTCPink:GOHE) (“Global”) is very pleased to announce that they have completed their two year financial audit and have engaged an experienced securities attorney to draft and file the Form 10 which will effectively pave the way for Global to become a fully reporting company. The filing of the Form 10 has been a top priority for Global’s current executive management team since they took the helm in June as it represents a necessary step for the up listing to the OTCQB, which the Company plans to apply for once the Form 10 is effective. The Company is encouraged by the progress it has made in recent weeks in completing the audit and believes it will have the Form 10 filed and completed by year end.
“Guiding this audit to a successful completion and placing our Company in a position to file the Form 10 has been one of my primary objectives over the last several months,” Said Global Payout CEO, Vanessa Luna. “When my executive colleagues and I stepped into our roles here back in June, we made a promise to the shareholders of Global Payout that we would work diligently on their behalf to increase and strengthen the value of this Company from the inside out. Working through this audit has been a meticulous and time-consuming process for all of those who have been involved with it, but we recognize that filing and successfully completing the Form 10 will help to reaffirm our goal of complete transparency while also representing a significant step towards legitimizing who we are as a company in a very competitive public arena. In fact, the anticipated timing of the filing of our Form 10 could not, in my opinion, be any more perfect as it coincides with the poised position of the MTrac payment platform for mass market adoption in the new year ahead. We are very grateful to the shareholders that have continued to support us, and our goal will continue to be to build value for them going forward. Everything we are doing here today is laying the groundwork for the enormous progress we expect to see in 2019 and are thrilled to have all of our supporters along for the ride.”
About Global Payout, Inc. (OTC Pink:GOHE)
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 for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. It is MTRAC’S creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to CashlessTM.”
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.
Public Relations and Media Contact:
MTrac Tech Corp.
(702) 790-2511 Ext. 101