SOURCE: NetworkNewsWire

October 06, 2017 08:30 ET

NetworkNewsWire Announces Publication Highlighting Public Companies Creating Payment Solutions for the Cannabis Industry

NEW YORK, NY--(Marketwired - Oct 6, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (OTC PINK: GOHE), a client of NNW that provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide.

The publication, titled, "Innovative Payment Solutions Blossom in the Expanding Cannabis Industry," discusses companies utilizing ground-breaking technology to provide payment solutions. 

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"While Global Payout (GOHE) (founded as a prepaid card company in 2009) displays its financial technology prowess via its Global Reserve Platform, introduced in 2016 (, its MoneyTrac Technology subsidiary offers a full range of financial services to companies in high-risk markets. Mobile apps, an e-Wallet, and bill payment are part of its Payment Solution Platform, branded as Virtu Network Solutions. Relationships with affiliated partners support compliance and cash flow logistics.

"MoneyTrac even enables clients to brand their payment platform, thanks to a white-label payment software solution. However, it is not limited to secure financial services. The subsidiary also offers business consulting, branding, marketing, and website design, mobile site development, and e-Commerce services. Its recent incorporation of bitcoin technology also affords a secure payment option for retail and wholesale customers. It avoids the challenges of all-cash transactions related to accounting, safety, and storage and fulfills a need by cannabis companies to efficiently manage their finances and overall businesses."

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 for domestic and international organizations distributing money worldwide. In 2014, Global Payout 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, designed for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global Payout will continue to offer its 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.

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About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Forward-Looking Statements

This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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