SAN DIEGO, Jan. 22, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Global Payout, Inc. (OTC Pink:GOHE) ("the Company") is pleased to announce that, despite initial delay, the official initiation of the formal audit will likely begin at the start of February, and make way for the filing of the form 10-K sometime in March. This progress signifies that the Company has made great strides in developing a strong base from which to build competitive subsidiaries in several key market sectors.
The recent announcement to spin off a subsidiary to focus exclusively on supply chain finance in the logistics industry, SecurCapital Corp., is significant in that it signals to investors, and the industry, that the Company intends to build a competitive FINTECH solution to address the many market challenges facing this sector. Additionally, MoneyTrac Technology has built significant relationships in a number of sectors including business development and Cryptocurrency. The goal of Global Payout is to provide these subsidiaries with a solid foundation, and the filing of the Form 10-K is a key building block in this endeavor.
"Over the years the core strategy of Global Payout has shifted significantly, from our inception as a prepaid card company to the present goals of incorporating cloud banking features into several key market sectors. The strength of Global Payout has been its resilience during this time of transition, but we feel confident that the best way to move forward for us and our shareholders is to become fully reporting, so that we can provide the best possible support to our subsidiaries while they meet their full potential," said Global Payout CEO, Jim Hancock.
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 SecurCapital Corporation
SecurCapital is a Fintech supply chain finance company offering premier payment and working capital solutions for the mid-tier logistics industry. The SecurCloud Platform provides an integrated system for global payments, foreign exchange, and factoring services through a proprietary ecosystem controlled by the client. The dashboard user environment allows the client to optimize cash flow management through document delivery of invoices, proof of delivery, and payment transactions to global vendors.
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.
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Source:Global Payout, Inc.