MTrac: Cashless Makes Communities Safer, One Merchant at a

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jul 12, 2018 at 8:15 AM 26

MTrac: Cashless Makes Communities Safer, One Merchant at a Time

SAN DIEGO, July 12, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTrac Tech Corp. (“MTrac”), is launching operations in a new retail merchant location. The Jet Room is a licensed and compliant medicinal dispensary in Adelanto, CA. The payment platform will go live here on Friday, July 13^th , where the MTrac team will be on hand to successfully implement the system, on-boarding both The Jet Room staff and its patients. The MTrac platform is allowing merchants to utilize a variety of our services offered, where they would otherwise be limited to cash only operations. The high volume of cash with which these businesses are forced to operate, continues to present significant security and liability issues for its stakeholders and the community at large. The MTrac platform is an end-to-end solution that not only provides access to take cash and make it available electronically, but also includes a robust merchant wallet where business owners can process accounting and business expenditures functions on a fully-reporting, transparent, and immutable ledger. For the thousands of licensed, legal cannabis merchants across the country that need (but have no access to) electronic payment options, the MTrac platform is an attractive solution that helps these businesses achieve this objective with the ability to digitally pay B2B invoices inside the MTrac ecosystem and issue eChecks outside of the system to pay for items, such as rent, payroll, and taxes. Since the Company’s initial San Diego launch two weeks, MTrac has experienced an influx of opportunities across Southern California, Nevada, and multiple states on the East Coast. While the MTrac system is an attractive offering for the legal cannabis industry, its application can be used in any business that wishes to go cashless for a variety of reasons, not the least of which includes the elimination of internal and external theft. For these reasons and tracking purposes, we feel that this is the direction which society at large is heading. “My team and I are very excited for the opportunity to launch with The Jet Room, our second retail merchant, in Adelanto, which is striving to be a cannabis safe community. The ability to eliminate or reduce the amount of cash in cannabis businesses makes our communities safer,” said Global Payout CEO, Vanessa Luna. “The value of having a safe and compliant commerce platform provides such a huge benefit for businesses and consumers alike. Bringing on this new merchant also represents another milestone in our ongoing growth and expansion, which is being spearheaded by our talented and dynamic sales and marketing team.” Download the app today and put the “The Key to Cashless ™” in the palm of your hand. About Global Payout, Inc. (OTC Pink:GOHE) From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. About MTRAC Tech Corp. MTRAC Tech Corp. a Nevada Corporation is a privately held wholly owned subsidiary of Global Payout, Inc. MTRAC is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTRAC payment platform offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTRAC’S creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to CashlessTM” 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 www.GlobalPayout.com 619.930.5522 Office Information@GlobalPayout.com Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office Editor@NetworkNewsWire.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Castillo Engineering Gears Up with New VP Appointments

New Leadership to Drive Expansion In a boost to its commitment to scaling up, Castillo Engineering, based in Maitland, Florida, has roped in two veterans from the renewables sector as vice presidents. Aaron Carrillo and Devin Radovich, who share a history of successful collaboration at Renewable Energy Systems Americas (RES), are set to guide Castillo's growth in the...

Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

NACD Honors Top Board Leaders with 2026 Awards

Celebrating Boardroom Mavericks at NACD Gala September 2026 has brought some sparkling recognition to the elites guiding today's corporate governance landscapes. The National Association of Corporate Directors (NACD) has announced their Directorship 100 honorees, tipping their hats to stellar individuals firing on all cylinders in the boardroom. Who's Getting the Nod?...

Navigating AI's New Era: Dresner's 2026 Findings

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

Anixa Expands Global Footprint with Aussie Patent

Breaking New Ground in Cancer Immunotherapy Today feels like a pivotal day for Anixa Biosciences. Their announcement about securing a patent in Australia for their trailblazing breast cancer vaccine is like planting a flag on new, promising territory. This is no minor step; it's a strategic leap for the company as it strengthens its intellectual grip on the global...

Tenera Care's Tech Triumph: Halving Falls with Simplicity

Every once in a while, a piece of tech comes along that makes you sit up and say, ‘Now that’s a game-changer!’ And with the recent rave reviews, Tenera Care seems to hit just that sweet spot for folks in the senior living game. By handing Dublin Glenn Memory Care the gold in the KISS category at the 2026 McKnight's Technology Awards, it’s clear the industry is...

Lawsuit Targets Electrical Consultants' Labor Practices

Trouble Brews at Electrical Consultants, Inc. Right on the heels of a long workday, some employees of Electrical Consultants, Inc. seem to be getting a double whammy. The company is tangled up in a class action lawsuit lodged by the well-known Blumenthal Nordrehaug Bhowmik De Blouw LLP. This ain't your everyday grievance, folks; we're talking meal and rest period...

Molex's VersaBeam Mini Pushes AI Data Center Limits

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

HNTB Expands in Capital Region: A Strategic Move

Breaking New Ground in Arlington and Baltimore Deepening their stake in the Capital Region's future, HNTB has thrown open new office doors in Arlington, Virginia, and Baltimore, Maryland. We're not just talking fancy buildings, folks—this is about securing a piece of the infrastructure pie that's only going to get bigger and tastier. Infrastructure's the backbone of...

Annex Brands Grows with Bastrop's PostalAnnex Opening

New PostalAnnex Location Opens in Bastrop, TX Here's a fresh chapter in the books for Annex Brands, Inc. They've just cut the ribbon on a brand spanking new PostalAnnex in Bastrop, Texas, handing the reins over to eager fresh faces, Chetan Modi and Karan Desai. And you know what? This ain't just any regular location. It's a one-stop-shop for anything you could need, from...