Payment solutions company Global Payout, Inc. (OTC: GOHE), through its SecurCapital Corp. subsidiary, this morning announced that it has received an official Letter of Intent (“LOI”) from a global contractor in Virginia. Per the terms of the LOI, SecurCapital will provide the customer with supply chain financial services globally throughout a two-year engagement. “Due diligence is concluded and indicative of a potential funding opportunity by the end of February when transactions will begin,” Stephen Russell, CEO of SecurCapital, stated in the news release. “What is significant about this revenue event is that it is a function of an innovative approach to producing securitized debt of high value and attractive credit quality.” In a separate news release, Global Payout this morning announced that its majority-owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), through partner Crypto Cowboys, LLC, will be represented at the Blockchain & Cryptocurrency Con 2018 (“BCC-2018”) in Addison, Texas, on February 22. The BCC-2018 is noted as the first international conference in Texas that is devoted exclusively to blockchain and decentralized technologies.
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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 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. For more information, visit www.GlobalPayout.com
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