SAN DIEGO, Feb. 5, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has reached an agreement with UltraPawn, LLC to supply UltraPawn's customers with reloadable Prepaid Discover® cards. Global is providing an integrated solution that links the UltraPawn client base with immediate access to funds received from the sale of personal assets. UltraPawn customers can now decide to either convert their sales proceeds to cash through a nationwide ATM network or use the prepaid cards for in-store or on-line Point of Sales transactions. In addition, all Prepaid Discover® cardholders will receive a Health Care and Pharmacy discount program with over 325,000 physicians and 59,000 pharmacies.
"UltraPawn has created a disruptive business model by developing an easy process for the luxury consumer to convert valuable assets into cash. Through their innovative, on-line approach, UltraPawn has expanded the addressable market to all on-line consumers for appraising and selling personal assets. It is great to be providing our pre-paid program to a company setting new industry standards and we are looking forward to growing with the continued success of the UltraPawn business," says William Rochfort, V.P. Sales and Marketing, Global Payout, Inc.
"UltraPawn is continually looking to provide value to our customers; offering a pre-paid debit card option is just one more way to do that," say UltraPawn CEO George Souri. "Being able to offer the Prepaid Discover® card helps us further our mission to provide a high level of customer service to new and existing customers on a nationwide basis."
According to the National Pawnbrokers' Association, the $780 million-a-year market has grown at over ten per cent per year for the last five years, with 15 per cent growth in the last year alone.
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 UltraPawn, LLC
UltraPawn, LLC., www.ultrapawn.com, is headquartered in Littleton, Colorado and has retail facilities in Lombard and Arlington Heights, Illinois. UltraPawn provides consumers a hassle-free, reasonably priced way to turn the value stored in the personal property into cash. With just a few easy steps, consumers can sell their valuables and receive funds within 24 hours. UltraPawn's offers a pre-paid debit card option to provide the most secure and quickest access to proceeds. Both ATM and point of sale transactions are immediately available to the cardholder. UltraPawn's mission is to introduce an unparalleled level of customer service into the pawn industry. Through UltraPawn's online platform, consumers now have all the convenience of using personal assets to access cash from the comfort of their home.
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.
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SOURCE Global Payout, Inc.