Global Payout Announces Significant Increase In Revenue for Third Quarter 2013; New CEO Interview Now Available
SAN DIEGO, Oct. 10, 2013 /PRNewswire/ -- Jim Hancock, CEO of Global Payout, Inc. (OTC Pink: GOHE) has conducted a new webcast interview with The Green Baron Report that discusses a significant increase in revenue for the Third Quarter 2013 ending September 30. Gross revenue increased to $85,000 in the third quarter, up from $13,000 in the second quarter of 2013.
Mr. Hancock indicated that Global Payout's launching of U.S. and International Prepaid Card programs along with the implementation of the MoneyTrac™ Consolidated Payment Gateway has resulted in start-up fees and card plastic revenue. Global Payout anticipates revenue from prepaid card and payment gateway transactions to commence in the fourth quarter of 2013 and significantly increase in 2014. Mr. Hancock represented that Global Payout is now officially moving from development stage to a revenue producing company for 2014.
Mr. Hancock's interview by The Green Baron Report also reveals new developments and what can be expected in the upcoming 4th quarter of 2013. The interview can be heard online by clicking on this link:
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout 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 Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
About The Green Baron Report
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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.
SOURCE Global Payout, Inc.