Business
Global Payout Continues to Receive Capital at 10x Valuation for Audit Finalization
Global Payout Continues to Receive Capital at 10x Valuation for Audit Finalization.
About this update from Psyc Corporation
[{"type":"text","content":"\n SAN DIEGO, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) is pleased to announce that they have received several new tranches of capital at a 10x valuation. The continued infusion of capital will be used to finance the Audit of 2019 and support the filing of a Form 10 Registration statement. “We are exploring partnerships with several major players in payment processing, but also in other key market sectors,” Said Global Payout CEO, Vanessa Luna. “We are extremely grateful to have this continued support and plan to leverage it to significantly expand the reach of Global Payout. The audit for 2019 should be a much smoother process, considering the work completed on our 2017-2018 financial cleanup. Moving further into the year we will continue to leverage the value of a fully reporting company to build sustainable value for shareholders going forward. This year’s outlook promises to be very exciting and I am extremely grateful to have all of you here to support us.” 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. 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. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors.  About MTrac Tech Corp.  MTrac Tech Corporation, 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 with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network ...