NetworkNewsBreaks – Global Payout, Inc. (GOHE) Enters Reverse Triangle Merger Agreement with MoneyTrac Technology, Inc.
Jun 5, 2018
Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), of which Global Payout is a significant shareholder, has structured a reverse triangle merger agreement with Global Payout whereby MTRAC will be the post-merger operating entity. “The completion of this reverse triangular merger with Global Payout marks the culmination of the hard work and dedication my team and I have put forth on behalf of MoneyTrac in the past several months,” Vanessa Luna, CEO of MTRAC, stated in the news release. “We have come to a point where we are truly ready to take on the cash problem with our MTRAC payment solution… We are grateful to the team at Global Payout for their ongoing and continued support throughout the years which has culminated in this merger. We fully intend to use this incredible opportunity to establish MTRAC as the premier cashless solution for the multi-billion-dollar cannabis industry and will remain motivated to create a cashless society for other high-cost and high-risk market sectors through our extraordinary blockchain technology solutions.”
To view the full press release, visit http://nnw.fm/sxH9i
About Global Payout, Inc.
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. For more information, visit www.GlobalPayout.com
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