Global Payout, Inc. (OTC: GOHE) today announced that it has
reached agreements with Secur Capital Corp. and ISBC Holdings for the return of
149,447,870 shares of common stock. As a part of the company’s restructure
initiative, GOHE decided to separate from Secur Capital and ISBC Holdings
moving forward, leaving MTrac Tech Corp. as the only wholly owned subsidiary of
the company. To further diminish outstanding debt and improve its financial
position, the company is working with shareholders regarding the conversion of
Promissory Notes. In addition, auditing firm Fruci & Associates continues
to work with the GOHE to complete the two-year audit. The company anticipates
the Form10 to be filed in the coming weeks.
“When I agreed to take over Global as a part of the Merger
with MoneyTrac one of my first goals was to clean up the books for this
company,” Global Payout CEO Vanessa Luna stated in the news release. “There is
a lot of history there and we have investors that have been supportive of
Global over the years during the many ups and downs. I really wanted to
make every effort possible to make sure those people were taken care of. Part
of that goal has involved reevaluating existing relationships with the company
to ensure they make sense in the big picture, and the management team and I
agree that these relationships do not fit into the long-term plan. I personally
handled the returns from both Secur and ISBC and decisions to separate were not
only amicable but all the way around we wish each other much success in our
future endeavors. We will continue to evaluate all aspects of company
operations as we continue to build a solid foundation for what I plan to be
successful company that benefits all shareholders.”
To view the full press release, visit http://ibn.fm/pA7RI
About Global Payout, Inc.
From 2014 to 2017 Global focused on identifying new state of
the art technologies in a variety of industry sectors and successfully helped
launch MoneyTrac Technology Inc. and other companies within the FinTech space.
Global’s current focus is continuing to identify new business opportunities
while it reorganizes its future business endeavors. For more information, visit
the company’s website at www.GlobalPayout.com
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