SAN DIEGO, CA--(Marketwired - May 31, 2017) - Global Payout, Inc. (OTC PINK: GOHE) (the "Company") is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTT") has completed a Letter of Intent ("LOI") and business development relationship with PotSaver, a Southern California based community periodical providing listings on discounted cannabis-related products for local dispensaries and shops.
With much of MTT's core market focused within the cannabis-related industry, management believes this JV agreement and business development partnership will be mutually beneficial to the strategic growth of both companies within the burgeoning industry they share.
Additionally, through the business development partnership they have established, MTT will offer PotSaver valuable guidance and direction in the development and rollout of various marketing strategies. MTT will also work in close collaboration with their management team to fortify their internal business structure and effectively sustain future growth.
"Because the cannabis industry is growing so rapidly and seemingly changing by the day, forming a strategic relationship such as this one with PotSaver is going to be key for companies looking to not only establish their presence within the industry, but also successfully adapt to the challenges that are commonplace in such a young and developing market sector," said MTT COO, Vanessa Luna.
"Completing this LOI and establishing this partnership with the MoneyTrac team is something that I believe will be incredibly beneficial to the successful growth of both our companies," said Aaron Adler, Founder and CEO of Adler Advisors LLC, the owner of the PotSaver™ brand. "I am excited to share with the MTT team the unique and valuable information and knowledge I have acquired while working in the cannabis industry over the past several years as I believe it can help further their business objectives. I am also looking forward to the opportunity to tap into the impressive experience they have in the business development sector to help further the business objectives of PotSaver -- I truly see this as a win-win scenario for both our companies," Mr. Adler further commented.
About Global Payout, Inc.
Since the Company's inception in 2009, Global Payout, Inc., www.globalpayout.com, 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.