San Diego, Sept. 9, 2014 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), a leading provider of
international electronic payment solutions, announced today the
close of its acquisition of 100% of Maxie Mobile, Inc., a mobile
payments provider focused on underserved markets in the United
States and globally, in a stock-for-stock transaction.
With the completion of the acquisition, Maxie Mobile's mobile
payment and related capabilities are expected to be integrated with
Global Payout's existing MoneyTracTM Consolidated
Payment Gateway and international prepaid debit card programs to
create a company with a broader range of service offerings.
Global Payout and Maxie Mobile both target the estimated 60-70
million unbanked and under-banked adults in the U.S. and the
estimated 2.5 billion un-banked and under-banked adults around the
world.
Maxie Mobile's mobile payment application is given away for free
and is designed to operate on any mobile smartphone platform
including Android, Apple, Blackberry and Windows based phones. From
their phones, app users are able to pay bills, cash their checks,
top-up a prepaid phone, send money to 120 countries, and make free
long distance calls. Users also receive a virtual and prepaid
debit card enabling on-line and retail purchasing and instant
access to ATMs.
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, is a
leading new Program Manager of B2B custom and conventional
electronic payment solutions for domestic, international and
multinational businesses, organizations and government agencies
worldwide. Global Payout is targeting an estimated $3 trillion
market with a secure, easier to use and lower-cost payment platform
giving users competitive and comparative advantages over banks and
other payments and remittance providers. The company's proprietary
and fraud resistant Consolidated Payment Platform (CPG), branded as
MoneyTracTM, solves fund disbursement and payment
challenges by giving the user the ability to transfer money,
disburse funds or make ACH payments from a wide variety of
sources. These sources include corporations, member
organizations, governmental and nongovernmental organizations,
institutions, faith-based organizations, network marketing
companies, unions and administrators of various types of financial
aid and entitlement programs such as food stamps, healthcare
benefits and academic related payments that need to reach "banked"
or "non-banked" individuals, businesses, organizations or
government agencies in any World Financial Task Force or OFAC
compliant country.
MoneyTracTM provides businesses, organizations and
government agencies (and their cardholders or account holders) the
ability to manage and monitor payments to and from "non-bank"
accounts and eWallets online, and through a variety of prepaid
debit card solutions issued via most major card issuers, as well as
other customizable payment solutions. MoneyTracTM
payment solutions enable these establishments to make payments to
their cardholders or accountholders with or without bank accounts,
allowing both to possess and distribute funds in almost any country
for payroll purposes, vendor payments, rebates and expense
reimbursement and daily spending purposes while also providing
seamless foreign currency exchange when/where applicable. Global
Payout is also capable of including in these electronic payment
platforms the ability to reload cards and/or transfer money to bank
accounts, credit cards and debit cards worldwide. The CPG platform
is a permission based API (application programming interface) and
will also include mobile app capability in the near future.
Forward-Looking Statements Disclosure:
Forward-Looking Statement: The statements in this press release,
such as "Global Payout is targeting an estimated $3 trillion market
with a secure, easier to use and lower-cost payment platform giving
users competitive and comparative advantages over banks and other
payments and remittance providers," and any implied or perceived
benefits from the Merger between GOHE and Maxie Mobile, and any
other effects resulting from any of the above, are forward-looking
statements. Such statements involve risks and uncertainties,
including, but not limited to, our ability to complete post-closing
conditions to the merger, and any other difficulties related to
risks and effects of legal and administrative proceedings and
governmental regulation, future financial and operational results,
competition, general economic conditions, and the ability to manage
and continue our growth.
Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual outcomes
may vary materially from those indicated. Important factors that
could cause actual results to differ materially from the
forward-looking statements we make in this news release include
market conditions and those set forth in reports or documents we
file from time to time with the SEC. We undertake no obligation to
revise or update such statements to reflect current events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
CONTACT: Global Payout, Inc.
Investor Relations
IR@GlobalPayout.com
1-800-594-4350
