SAN DIEGO, Feb. 13, 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 expanded the sales team for its PotSaver brand to extend its reach beyond the San Diego market and into surrounding metro areas including Los Angeles.Following the official start of legal recreational cannabis in California, several municipalities have been slow to issue recreational licenses to dispensaries. In Los Angeles, for example, this has been a significant challenge as local leaders and regulators have been working diligently to bring the vast array of dispensaries throughout the area into the legal fold. The PotSaver brand prides itself on working only with fully regulated and compliant cannabis companies and as such has watched carefully while these issues have been worked through by local regulators. AAnd as several dispensaries across Los Angeles have begun to receive their licenses, PotSaver has proactively moved forward by adding additional members to its LA-based salesforce to ramp-up efforts for the release of its premier LA publication, which is expected to hit markets in the early part of Q2 2018.
Additionally, PotSaver has added significantly to its San Diego publication by expanding its base of advertisers to businesses outside of cannabis, such assuch as some of the local the restaurants and businessesrands that make up the unique and lively community that is San Diego. These developments are in lock step with the recent agreement signed with EyeChronic.TV to incorporate their digital media platforms into theexpanding suite of expanding services offered by MTRAC and PotSaver.
MTRAC CEO Vanessa Luna said "With the recent agreement with EyeChronic, and the newly licensed dispensaries in LA, PotSaver is really in a very unique position to offer advertising services to the dispensaries not available from other companies. In addition to the compliance services offered by MTRAC, and the imminence of an electronic payments solution, MTRAC will be in a very strong position to capitalize on this multibillion dollar market sector."
MTRAC and PotSaver continue to work diligently within the legal recreational market to expand the advertising opportunities and compliance services available to the cannabis industry and are excited to expand into newly formed recreational markets in 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.
*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:*
New York, New York
MTRAC Expands PotSaver Sales Team Following the Implementation of Recreational Cannabis in Los Angeles
February 13, 2018