SAN DIEGO, Jan. 15, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) completed a successful fourth quarter 2012 with record revenue totaling $119,475 compared to $38,322 in fourth quarter 2011. The record revenue for the company was attributable to the advance purchase of 11,000 international debit cards and bank accounts from foreign corporations located in Hong Kong and Canada. This initial sale of cards and bank accounts will result in prepaid card transaction fees that will generate monthly revenue to Global for 2013 and beyond.
In addition, the management team at Global Payout anticipates a significant revenue increase in 2013 based upon the following business to business products and services. In the first quarter 2013, the company will implement 1099 and payroll debit programs using MoneyTrac Prepaid Discover cards for several businesses located in the U.S. The company has three co-branded programs to launch in the U.S. along with a card program for 2012 Olympian and professional boxer, JC Ramirez. Also, through its wholly owned subsidiary in the United Kingdom, Global Funding Ltd., the company will launch a "Chip and Pin" prepaid card to initially accommodate two new business clients with over 100,000 members from the European Union.
The company's flagship payment platform, MoneyTrac Consolidated Payment Gateway (CPG), is being tested in January 2013, and is scheduled to launch in February 2013. This web-based payment system will be utilized by multi-national companies that require an efficient payout mechanism for its employees, contractors and members in over 180 countries. Management anticipates activating over 100,000 revenue producing CPG accounts in 2013.
"We are fortunate to have developed technology partners and issuing banks that can provide both U.S. and International payment platforms," says Jim Hancock, CEO, Global Payout, Inc. "We have been in development mode for the last 3 years and we are now ready to market and recruit companies that will generate revenue producing accounts from our prepaid cards and the MoneyTrac CPG payment platform".
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 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 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.
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.