Marijuana Company of America Completes $250,000 Investment in MoneyTrac Technology
ESCONDIDO, CA--(Marketwired - Jul 27, 2017) - MARIJUANA COMPANY OF AMERICA, INC. ("MCOA" or
the "Company") (OTC PINK: MCOA), an innovative cannabis and hemp corporation, is pleased to announce that it has
completed an investment of $250,000 into MoneyTrac Technology, Inc. ("MTT"), a subsidiary of Global Payout, Inc. (OTC PINK:
GOHE), in exchange for a 15% ownership interest.
MCOA made this investment to help establish and market MTT as an alternative banking solution for the cannabis industry.
MoneyTrac's software has the ability to integrate and streamline electronic payment processing, such as E-Wallet and mobile
applications, as well as manage and process prepaid cards, debit cards, and credit card payments.
As part of the terms of the investment, Donald Steinberg, CEO and President of MCOA, was appointed to the board of MTT this
year where he is lending the invaluable experience he has acquired throughout his career in building alternative financial
solution companies to the MTT executive management team.
"We are excited to help guide MTT through its developmental stages and are optimistic about the potential of MCOA's investment
into this new project. This is another example of MCOA's strong strategic partnerships with emerging companies in our industry,"
Donald Steinberg said.
About Global Payout, Inc.
Since the Company's inception in 2009, Global Payout, Inc., www.globalpayout.com, has been a leading provider of comprehensive and customized prepaid
payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first
online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to
international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the
introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow
account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer
their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including
ongoing support of the banking industry and international governments.
About MoneyTrac Technology
MoneyTrac Technology, Inc. is a pioneer in offering a full-service solution for alternative banking and electronic
financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses
and companies in various "high-risk" industries. MoneyTrac's technology platform allows for its clients to access their financial
information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow
of all revenue through their business.
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