SAN DIEGO, CA, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTCPink: GOHE) (“Global”) is pleased to announce that its
majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) continues to make significant headway with Pegasus
Fintech, Inc. on their joint collaboration in the development of a cryptocurrency token that is being developed for the cannabis
industry.
Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain
and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and emerging
cryptocurrency market sectors. In recent weeks, each of the companies’ technology teams have devoted much of their time and
resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that
remains underserved from a financial technology perspective.
The anticipated development of the token will allow for a Public Initial Blockchain Offering (“PIBCO”) to be launched and should
provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It will also
provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to capitalize on one
of the fastest growing market sectors in the U.S. today.
“We are truly excited about the progress our tech and business development teams have made in recent weeks with the
collaborative work they have been engaged in with Pegasus Fintech,” said MTRAC CEO, James Hancock. “MoneyTrac’s entry into the
digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial
technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe
will be a very successful ICO,” Mr. Hancock commented further.
The companies intend to remain focused on completing all the necessary due diligence required to bring the development of their
token to fruition so that it meets the requirements for the launch of the ICO.
About Global Payout, Inc. (OTC Pink: GOHE)
Since the Company's inception in 2009, Global Payout, Inc. 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.
About Pegasus Fintech, Inc. – www.pegasusfintech.com
Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial
Services, Technology, Blockchain and Cryptocurrency communities. Pegasus’ Accelerator program deploys a team of highly skilled
industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools
to affect the growth of the business and create and execute the Blockchain and regulatory compliant, security-based Token programs.
They also work with investment banking, private equity and democratized investment community to assist their clients with financing
initiatives.
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 contained in the Edgar Archives of
the Securities and Exchange Commission at www.sec.gov.
Public Relations and Media Contact: Global Payout www.GlobalPayout.com 619.795.5180 Office Information@GlobalPayout.com Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office Editor@NetworkNewsWire.com
