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

Latest News

A look at the Muslim fasting month of Ramadan

May 24, 2019

DUBAI, United Arab Emirates — Many Muslims around the world began fasting Monday to mark the start of the holy month of Ramadan. This means waking up before dawn to eat, hydrate and pray. Once the sun rises, Muslims abstain from food and drink, including water, until sunset. They repeat the grueling routine every day for a month. Here are some questions and answers about Islam's holiest month and how it's observed. WHY DO MUSLIMS FAST? Fasting is meant to bring worshippers closer to God through steady remembrance, reflection and sacrifice. Daily fasting, combined with five daily prayers and extended...

Month of Ramadan fasting for many Muslims begins Monday

May 24, 2019

DUBAI, United Arab Emirates — Muslims in Southeast Asian countries like Indonesia and Malaysia, and much of the Middle East, including Egypt, Iraq and Saudi Arabia, will fast on Monday for the start of the month of Ramadan. Millions more, however, in India, Pakistan and Iran, will likely be marking the start of the lunar month on Tuesday based on moon sightings there. Muslims follow a lunar calendar, and a moon-sighting methodology can lead to different countries declaring the start of Ramadan a day or two apart. Traditionally, countries announce if their moon-sighting council spots the Ramadan crescent the evening...

Egypt says ancient cemetery found at Giza famed pyramids

May 24, 2019

CAIRO — Egypt's Antiquities Ministry says archaeologists have uncovered part of an ancient cemetery near the country's famed pyramids on the Giza plateau just outside Cairo. Mostafa Waziri, secretary general of the Supreme Council of Antiquities, says Saturday the cemetery houses burial shafts and tombs of top officials and a fine limestone statue from the Old Kingdom's Fifth Dynasty (2465-2323 B.C.). Ashraf Mohi, the head of the Giza Plateau archaeological site, says scientists know that the cemetery had been reused extensively in the Late Period (664-332 B.C.), as archeologists found painted and decorated wooden anthropoid coffins, and wooden and clay...

Saudi Arabia beheads 37 for terrorism crimes; most Shiites

May 24, 2019

DUBAI, United Arab Emirates — Saudi Arabia on Tuesday beheaded 37 Saudi citizens, most of them minority Shiites, in a mass execution across the country for alleged terrorism-related crimes. It also publicly pinned the executed body and severed head of a convicted Sunni extremist to a pole as a warning to others. The executions were likely to stoke further regional and sectarian tensions between rivals Saudi Arabia and Iran. Saudi dissident Ali Al-Ahmed, who runs the Gulf Institute in Washington, identified 34 of those executed as Shiites based on the names announced by the Interior Ministry. "This is the largest...

In a first, Bedouin women lead tours in Egypt's Sinai

May 24, 2019

ABU ZENIMA, Egypt — Amid a stunning vista of desert mountains, a Bedouin woman, Umm Yasser, paused to point out a local plant, and she began to explain how it was used in medicine to the group of foreign tourists she was guiding. Umm Yasser is breaking new ground among the deeply conservative Bedouin of Egypt's Sinai Peninsula. Women among the Bedouin almost never work outside the home, and even more rarely do they interact with outsiders. But Umm Yasser is one of four women from the community who for the first time are working as tour guides. "It is...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]voyagetimes.com

Subscribe Now!

Quick Links

HomePress