SAN DIEGO, Jan. 6, 2011 /PRNewswire/ -- Global Payout, Inc. (Pink Sheets: GOHE), www.globalpayout.com headquartered in San Diego, California, is a international independent sales organization offering multi-national companies electronic payment and prepaid debit card solutions. Through Global Payout's processors and solution providers the company offers an international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the platform provides for U.S. and international debit cards to allow accountholders without bank accounts to access funds worldwide. As a program manager, Global is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
This flexible "eWallet" platform payment system is capable of operating in multiple countries and supports multiple currencies with options for moving funds to a personal bank account, a prepaid debit card or credit card or wire transfer, check or money remittance. The "eWallet can also receive funds from most of these sources. This "eWallet" platform has achieved acceptance among multi-level marketing companies and international corporations.
On a national level the company is a provider of pre-paid debit cards for payroll and general spending under the MasterCard, Visa, and Discover identities. This service also includes private labeling and closed loop processing for store chains with debit cards.
The officers and directors are James L. Hancock, Director and President; Donald J. Steinberg, Chairman and Director; Sharon Hancock, Director; Biographies for Mr. Hancock and Mr. Steinberg may be found on the www.globalpayout.com web site. The corporate counsel is Mr. Eric Littman P.A., Attorney at Law, Miami, Fl., and the auditor is Silberstein Ungar, PLLC, a SEC audit firm and PCAOB member.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, award 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.
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