SOURCE: Global Payout, Inc.

August 19, 2013 16:42 ET

Global Payout Completes 2009, 2010 and 2011 PCAOB Audits

SAN DIEGO, CA--(Marketwired - Aug 19, 2013) - Global Payout, Inc. (OTC Pink: GOHE), an international enterprise payment and prepaid card solutions provider, has completed and filed with the OTC Markets Group, Inc. its PCAOB annual audits for FY 2009, 2010 and 2011, continuing towards up listing the stock to the OTCQB Marketplace.

Jim Hancock, Global Payout Chief Executive Officer, states, "Our auditing firm has been doing an excellent job and is expecting to have our 2012 PCAOB audit completed by September 15, 2013, and, in addition, expect to have our 2013 audits completed on schedule." Jim Hancock's interview with The Green Baron Report can be heard by accessing the following link: www.thegreenbaron.com/listen

"Once the PCAOB audits are completed, we will complete our Form 10 filing with the Securities and Exchange Commission," reports Joseph Sebo, Chief Financial Officer of Global Payout, Inc.

The Company believes it is in the best interest of current and prospective shareholders to complete its audits and file with the SEC to become fully reporting to provide greater transparency. "The process of transitioning to full SEC compliance is costly and time consuming, but it is the best thing for our company and its shareholders," said Jim Hancock, CEO. "We continue our focus on delivering long term shareholder value, and we believe this effort will enhance investor accessibility and serve as a stepping stone to listing on a national exchange."

About Global Payout, Inc.

Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.

Forward-Looking Statements Disclosure:

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.

Contact Information

  • CONTACT:

    Global Payout, Inc.
    1-800-549-4350