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://cnw.fm/cUh7h
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
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