SAN DIEGO, Dec. 27, 2017 (GLOBE NEWSWIRE) -- via OTC PR Wire -- Global Payout, Inc. GOHE ("Global, the Company") is pleased to provide its valued shareholders and interested parties with the following 2017 year-end letter of review from the Company's CEO, James H.:
Dear Valued Shareholders and Interested Parties:
For those of you who may have been following our news and updates throughout the year, you know 2017 has been an especially active, yet successful year for both Global Payout and our majority owned subsidiary, MoneyTrac Technology, Inc.
In January, my executive team and I laid-out a detailed list of objectives we believed were imperative to achieve in 2017 in order for the Company to position itself to drive revenue and truly distinguish the brand from all competitors in the Fintech market space. In reflecting upon the year that was, I can not only report with that we successfully achieved our objectives, but, we have surpassed them in ways I could not have imagined.
Without question, one of the most critical events of the year involved the appointment of Ms. Vanessa Luna as Global's Chief Operating Officer. Ms. Luna's experience and tenacity made an immediate impact within our Company's internal operations as she began to map out the path our Company would need to achieve each of our objectives.
Recognizing the gap between adequate financial technology solutions and the rapidly expanding, multi-billion-dollar cannabis industry, a collective decision was made in March to spinout our majority owned subsidiary, MoneyTrac Technology to begin serving the underserved businesses of the cannabis industry. With this spinout, Ms. Luna was transitioned over to MoneyTrac to serve as COO and to help spearhead the development of the brand by leveraging the many different strategic partnerships she had already developed within the industry.
Once given the green light, Ms. Luna was off to the races, cultivating several new, and incredibly significant partnerships for MoneyTrac. These partnerships include greenRush, BlazeNow, High Grade Management Group, and PotSaver, with whom she facilitated a majority acquisition in October. These partnerships, combined with several other important developments throughout the year, have effectively positioned MoneyTrac to generate revenue and become a recognized leader of a variety of service and solution offerings within the cannabis industry.
Significant groundwork was also laid in 2017 to support the growth and expansion of our logistics division. This includes critical enhancements made to our Global Reserve Platform that will serve as the foundation for a new logistics-focused subsidiary. An impressive executive team will lead this subsidiary in 2018 to carve-out a distinctive niche within the trillion-dollar logistics industry.
Focus during the 4th quarter of the year was also placed on positioning the Company to successfully complete its Form 10-K Audit. I cannot express how much gratitude I have for our internal operations team, who have worked so diligently over the past several weeks to see this through. I am highly optimistic that this will be completed in the coming weeks and will provide us with an opportunity to be up-listed to other platforms offered by the OTC Markets Group, such as the OTCQB and OTCQX.
The coming weeks will also be filled with some strategic changes and updates that will play a very important role in helping to shape the Company and its subsidiaries to meet future objectives. It is with great pleasure and excitement that I share that next week we anticipate announcing one of these changes, a passing of the baton that will be instrumental in guiding our Company's vision and objectives into a very prosperous future.
In closing, I would like to offer my sincerest thanks and appreciation to my wonderful team of executives and employees who are a shining example of hard work and dedication. I would also like to extend a special thank you to our valued shareholders who continue to demonstrate their loyalty and support. I can assure you, the best is very much yet to come.
Cheers to a very prosperous New Year!
Sincerely,
James L. H., CEO
About Global Payout, Inc. 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.
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
619.795.5810 Office
Communications Contact:
NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office
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