Global Payout (OTC: GOHE), along with its wholly-owned subsidiary MTrac Tech Corporation, this morning announced that revenue into Q1 2019 and transactional data highlights industry adoption and desire for a compliant service offering, continued growth and overall benefit to the one-of-a-kind MTrac Payment Solution. According to the update, since deployment in October, MTrac’s daily and monthly sales and transactional volume and the average system processed ticket cost continue to climb at what the company perceives to be a very steady and encouraging pace. The first quarter is seeing a continuation of this positive trend, and MTrac is projected to see over a 100 percent increase in revenue from Q4 of 2018 to Q1 of 2019.
“This has been the objective from day one and we are in my opinion not only past the point of execution but at a trajectory of exponential growth,” MTrac CEO Vanessa Luna said in the news release. “The industry is yearning for a solution of MTrac’s caliber, we have in very little time showcased our ability to service the market and grow within it. We currently service some of the largest and most prestigious cannabis-related businesses in the nation and will continue to take the market and expand our foothold in the industry. These revenue and transactional numbers not only have a direct impact on our own bottom line as a company, in consideration, we are for the first time in GOHE history providing a clear path toward revenue and anticipated future profitability, this also positively impacts the bottom line of the businesses we serve. Our intent and daily objective continues to be in capturing as much of the market of this multi-billion-dollar industry as possible, and with the success and triumphs we continue to achieve on a month-to-month basis, and in recognizing the continued adoption of our system I remain firm in my belief that MTrac is on the path towards becoming the most trusted and compliant fintech payment solution provider in the industry.”
To view the full press release, visit http://ibn.fm/6uN1v
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. 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. For more information, visit the company’s website at www.GlobalPayout.com.
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