Global Payout, Inc. (OTC Pink: GOHE) has received a signed agreement with Golden Global Payout, Inc. (GGP), an affiliate company of Bidder's Paradise, to supply its members with its reloadable MoneyTrac Prepaid Discover(R)cards. Global Payout will provide each of GGP affiliates with this prepaid card to receive commission payouts on a daily, weekly or monthly basis. Presently, GGP has 5,000 U.S. affiliate members who are receiving payouts and anticipates a significant increase to 10,000 members by the end of 2013. The MoneyTrac Prepaid Discover card will enable GGP affiliates to access cash without the expense and time of receiving and depositing checks. GGP members will now be able to access their payouts at any ATM on the same day of commission payments and will have the ability to purchase products and services, nationwide using their MoneyTrac Prepaid Discover Card.
GGP is a U.S. affiliate organization of Bidder's Paradise, headquartered in Hong Kong. The management leadership of GGP anticipates developing a direct relationship for Global Payout, Inc. with the Bidder's Paradise in Hong Kong. This relationship would create an additional contract with Bidder's Paradise that will provide International Debit Cards for their 24,000 international affiliates located outside the U.S.
"We are fortunate to provide all of GGP's payout requirements, and anticipate adding additional prepaid cards based upon their growth for 2013 and 2014," says James L. Hancock , CEO, Global Payout, Inc.
"Our affiliates are extremely pleased to know that they can access their commissions on the MoneyTrac Prepaid Discover card," says Theresa Bernabe , Director of GGP. "This payment solution will assist us in recruiting and maintaining more U.S. affiliates in the next two years."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company offering companies electronic payment and prepaid card solutions. Global has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global is a provider of prepaid cards in the U.S. for payroll and general spend programs. In addition, Global offers an electronic payment platform that will allow transfer of money to bank accounts and remittance locations, worldwide.
About Bidder's Paradise
Bidder's Paradise (www.bp8.hk) is headquartered in Hong Kong and has membership throughout the world. The company's auction website offers mid-range consumer products in large quantities to increase the affiliate success rate and also specializes in pushing out high end luxurious products to enhance competitiveness as well as popularity.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
CONTACT: Equiti -trend Advisors, LLC 800-953-3350
SOURCE Global Payout, Inc.
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