SAN DIEGO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Global Payout, Inc. (OTCPink:GOHE) ("Global") is
pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), has secured a Joint
Venture Compliance, Crypto-Commodity, iCloud, and Strategic Partnership Agreement with Crypto Value Management System, LLC a
Delaware company that has secured the exclusive California License for a Crypto-Currency Exchange platform ("CVMS"). This platform
will effectively bolster each of the companies and their ability to provide financial technology solutions to businesses operating
across a number of rapidly expanding alternative market sectors, including the multi-billion-dollar cannabis industry.
CVMS acquired an exclusive license for the state of California for a cryptocurrency utility token exchange defined as an
"In-State Crypto-Commodity Exchange - ICCE," a member only blockchain commodity that can be utilized to service businesses in need
of banking solutions. CVMS, in conjunction with their compliance partner Integrated Compliance Solutions (ICS), have developed a
secure, compliant blockchain to service the CRB (Cannabis Related Business) space. The CVMS exclusive new blockchain technology is
the most advanced crypto-commodity exchange platform available. It will also serve as the backbone of the token exchange platform
that MTRAC plans to co-develop for its MTRAC-Token with CVMS and other key financial technology and compliance partners.
Said MTRAC CEO, Vanessa Luna: "Securing this JV Partnership Agreement with CVMS marks a huge milestone for MoneyTrac and our
continued pursuit of banking the "un-bankable" within the cannabis industry. The exclusive licenses CVMS has worked diligently to
acquire in the State of California are critical pieces to the foundation we are developing for a token exchange platform that will
become one of the most valuable resources to businesses in an industry where millions of dollars are exchanged in commerce every
day."
Said CVMS CEO, Christopher Johnson: "This JV Partnership Agreement with the MoneyTrac Technology team is very much about
creating an opportunity to leverage the licensing rights we have acquired in the evolving cryptocurrency market sector and which we
believe are incredibly valuable for the development of an effective exchange platform for businesses in the cannabis industry.
MoneyTrac has done a fantastic job of cultivating a number of very strategic partnerships and creating a very solid network of
individuals and entities in both financial technology and cannabis that are poised to be game changers in delivering the precise
solutions that are sorely needed in the alternative banking market sector."
In addition to the co-development of a crypto-commodity exchange platform, MTRAC will also provide CVMS with vital Fintech,
sales, marketing, networking, brand development support and guidance through this JV Partnership Agreement to ensure CVMS is
effectively positioned for launch and expansion throughout the state of California.
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 Crypto Value Management System
Crypto Value Management System, LLC's ("CVMS") mission is to present a new kind of blockchain, that leverages the power of
compliance, to provide a fast, safe, and secure method of payment to the MRE space. CVMS through its unique compliant approach to
blockchain has earned the approval from multiple banking partners in the MRE space that provide the critical on boarding and off
boarding of funds. This model will provide a strong B2B exchange that will reduce violent crime, illegal money, and other illicit
activities.
Unique features of CVMS over competitors are: CVMS is a commodity, not a currency, so Money Transmitter Licensing and Money
Service Business licensing do not apply. The commodity is backed by the cash deposit on a dollar for dollar basis, so there is not
fluctuation in the value like Bitcoin. Another key strength is that each customer is fully vetted for "Know Your Customer"
requirements, rather than being anonymous like Bitcoin, so the potential for money laundering or being used for illicit activity is
mitigated.
CVMS solves a couple of really problems in the marijuana space. First, CVMS solves the need for state taxing authorities and
utility providers to be paid electronically, rather than have duffle bags full of cash show up at their facilities that they are
not equipped to handle and poses a significant security risk. Second, a key area of focus from bank regulators is tracking that
inventory sold in stores was legally obtained. In a cash economy, it is difficult to track the purchases and validate that
inventory did not move across state lines. With all participants in the CVMS ecosystem being fully vetted for "KYC", CVMS helps
banks track that inventory was legally obtained.
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:
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