Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that, as part of its previously detailed reverse triangle merger with MoneyTrac Technology, Inc. (“MTRAC”), MTRAC will be integrating its existing executive management team into Global Payout. Per the update, longtime GOHE CFO Joseph Sebo and President Bill Rochfort have submitted their resignations from both their respective positions and their seats on GOHE’s board of directors. Additionally, James Hancock has submitted his notice of resignation as GOHE’s CEO and chairman, effective June 12, 2018. Vanessa Luna, who has served as MTRAC’s CEO and chairman since the beginning of the year, will serve as GOHE’s new CEO and chairman, and she will be accompanied by new COO, interim CFO and board member David Flores, as well as chief revenue officer and board member Aaron Adler. The company plans to fill the positions of CFO and chief compliance officer in the coming weeks. “I am extremely grateful and honored to be given the opportunity to carry MTRAC into the public eye and am thankful to Mr. Hancock for his steady guidance during this transition period,” Luna stated in the news release. “I am committed to building value for both current and future Global Payout shareholders who continue to embark on this journey with us. I am excited for the opportunity to continue to lead a seasoned and highly talented team of professionals who strive to deliver quality solutions to market.”
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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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