Global Payout Appoints Gil Hooper to Board of Directors

Oct 18, 2011, 08:30 ET from Global Payout, Inc.

SAN DIEGO, Oct. 18, 2011 /PRNewswire/ -- Gil Hooper has been appointed to the Board of Directors of Global Payout, Inc. (OTC Pink: GOHE).  Mr. Hooper, an international payments sales and marketing professional, brings with him an extensive resume including international banking, debit card issuing and processing, eWallet systems, cross border remittance and mobile payment applications.  His diverse background makes him uniquely qualified to advise Global Payout during its next phase of growth.  Mr. Hooper is currently the CEO of Boundless Payment Solutions, Inc. and the Managing Partner of 3G Consulting, both financial systems companies headquartered in San Diego but operating globally.  He also is a co-founder and principal partner in a lending organization headquartered in Mexico City called Mi Adelanto and, through the 3G organization, an issuer of debit cards throughout Mexico.  He has offices in San Diego, Mexico City and London.

During the early 90s, Mr. Hooper saw an opportunity evolving with a very large and underserved group of consumers in the U.S. and worked with the issuing banks and with Visa® and MasterCard® to develop and process one of the first prepaid debit card programs aimed at the under-banked and disenfranchised within the U.S. market. The prepaid debit card market has since evolved to become a global alternative banking source with millions of users around the world. Mr. Hooper currently advises many of today's leaders in the banking, debit card and the evolving mobile payments industries.

"I am pleased to become a director of Global Payout and look forward to assisting the team in executing its strategy of delivering international payment solutions to the organizations requiring local payment systems in all parts of the world.  Global is well positioned to deliver complete payment solutions creating a lot of value for its clients and Global's stockholders," stated Mr. Hooper.

"Gil brings in-depth knowledge and valuable resources to the Board of Directors and Management Team," said Jim Hancock, CEO and Board Member of Global Payout, Inc. "Gil's strategic contacts in the international payment community allows Global Payout to offer more competitive payout solutions, resulting in larger companies that will produce consistent revenue streams."

About Global Payout, Inc.:

Global Payout, Inc.,, headquartered in San Diego, California, is a payment solutions provider offering U.S. and International 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 company provides for U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.

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.


Joe Sebo, Chief Financial Officer

Global Payout, Inc.



SOURCE Global Payout, Inc.