Global Payout, Inc. (OTC: GOHE) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), is completing the final steps and due diligence required for the launch of a Regulation D, Rule 506(c) security offering that will be centered around the Company's MTRAC-Token. The Company anticipates leveraging this new token as a critical resource for "Banking the Unbankable" throughout the emerging multi-billion-dollar cannabis industry. This press release is expressly not being used for the purpose of conditioning the market for any of the securities offered (see disclaimer below).
Through the multiple strategic partnerships MTRAC has established in recent months with individuals and entities within the industries of cannabis, finance, compliance, and banking, the Company believes that it will be poised to launch its MTRAC-Token by the end of the first quarter of 2018. The Company also contends that that this security will provide those individuals designated as "accredited investors" with a unique opportunity to become involved with multiple evolving market sectors such as cannabis, blockchain technology, and cryptocurrency through their one investment into the MTRAC-Token.
Said MTRAC CEO, Vanessa Luna: "The MTRAC-Token is something that I truly believe will be first of its kind in the cannabis industry. With the way we are currently structuring this security offering, accredited investors who may have been reluctant to invest in something within the cannabis industry will be given a unique opportunity to pave the way to provide financial solutions for an underserved industry."
In addition to the above, MTRAC will employ the expertise of Pegasus Fintech, Inc., an associated entity. Pegasus Fintech, Inc., with its new appointment of Diana Adachi, is continuously providing strategic direction and following through on their objective to provide a full-service blockchain technology and token accelerator that supports Regulatory Compliant Public Initial Blockchain Offerings (PIBCO).
MoneyTrac plans to announce future details on the specific offering in the future in compliance with regulatory disclosures.
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