Marijuana Industry Payment Platform Wins Strategic Relationship to Deploy Technology

SAN DIEGO, March 31, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink:GOHE), a leading provider of international electronic payment solutions, announced today that it has entered into a strategic relationship with CannaTrac™ Technology, Inc. (CannaTrac™) for the deployment of Global Payout's closed-loop marijuana industry payment platform. As announced on March 18, Global Payout has developed a closed-loop payment system that resolves the unique challenges present in the fast-growing medical cannabis and recreational cannabis industries by reducing the risks associated with cash transactions, and by solving the crucial payment and transaction execution issues currently plaguing the industry. The system pledges to provide: the simplified, low cost transfer of payment that responsibly records respective tax revenues, the ability to mitigate illegal marijuana transaction activities, and compliance with other regulatory requirements. CannaTrac™ is now in position to launch a Pilot Program and has secured the support of government agencies, municipalities, state and...

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