SAN DIEGO, June 18, 2012 /PRNewswire/ -- Global Payout, Inc. (Pink Sheets: GOHE) an emerging leader in the prepaid debit card market, today announced that it has retained Wolfe Axelrod Weinberger Associates LLC as its investor relations firm to lead the investor communication outreach and communications efforts on behalf of the Company.
The world wide prepaid debit card market is estimated to be more than several trillion dollars with the U.S. segment nearly $1 trillion alone. While the market is highly fragmented, Global Payout offers its corporate clients a unique and dynamic platform that provides highly sought after features and applications. The innovative Global Payout payment platform encompasses card design, debit card processing and program management, and is tailored to meet the needs of customer programs that market services through Discover, in the United States and MasterCard, internationally.
Mr. James L. Hancock, CEO of Global Payout, stated "Global Payout is poised for significant growth in the near and long-term and we believe that it is imperative to initiate an investor relations program in which to communicate our successes and activity in the marketplace. Wolfe Axelrod Weinberger Associates' many years of experience in increasing a company's investor awareness and shareholder value by communicating its value proposition to investors is one that resonated strongly with our management team and we look forward to a very successful relationship with the Wolfe Axelrod Weinberger organization."
Mr. Stephen D. Axelrod CFA, Managing Member of Wolfe Axelrod Weinberger Associates, noted, "We are looking forward to working with the Global Payout management team to deliver an understanding of the growth potential of the prepaid debit card market and Global Payout's further entrenchment as a leading provider of all prepaid debit card services. As the Company delivers on the expectation of long term growth in both sales and earnings and its penetration of the prepaid debit card market both domestically and internationally our goal is to create an audience seeking to participate in this exciting emerging growth opportunity."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, 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 Payout is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
SOURCE Global Payout, Inc.