Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its MoneyTrac Technology, Inc. subsidiary has completed the execution of a joint venture partnership agreement with MediaTechnics Corporation’s (OTC: MEDT) BlazeNow Inc. subsidiary. Referred to as the “Yelp of the cannabis industry” by the New York Daily News, BlazeNow is an advertising and data collection platform focused on connecting cannabis-related businesses with patients and customers through its iOS and Android-based applications and website. Through the newly-announced joint venture, the two companies will develop and deploy marketing strategies aimed at expanding BlazeNow’s foothold in the booming cannabis industry. “The application technology developed by BlazeNow has the potential to become one of the most valuable resources to patients, consumers, and retailers in the cannabis industry,” Vanessa Luna, COO of MoneyTrac Technology, stated in the news release. “We recognized this potential from the first day we were introduced to Mr. Carr (BlazeNow CEO, Jeremy Carr) and his team, and through this newly established joint venture, we are excited to put the business, networking, and technology tools we have acquired to use in helping the BlazeNow brand breakthrough and flourish within the industry.”
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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 Payout 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, designed for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global Payout will continue to offer its 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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