SPRING, Texas and SAN DIEGO, Dec. 7, 2010 /PRNewswire-FirstCall/ -- On December 2nd, 2010 the Company acquired Global Payout, Inc., a California corporation as a wholly owned subsidiary and simultaneously returned Go Healthy, Inc. (Pink Sheets: GOHE), the Nevada corporation, back to its prior shareholders. As part of the transaction, Charles Caudle resigned as President, and prior to his resignation and the resignation of the board of directors of Go Healthy, a new board of directors was elected. The new officers and directors are James J. 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 Company is filing an amendment to its articles of Incorporation with the Secretary of State of Florida to change its name to "Global Payout, Inc." Thereafter, the Company intends to file an application with FINRA to change its trading symbol.
Global Payout, Inc., headquartered in San Diego, California, is an international independent sales organization offering multi-national companies electronic payment and prepaid debit card solutions. Through Global Payout's solution provider, the company offers private label payment platforms allowing businesses to move money to its members/employees in over 100 countries. This flexible "eWallet" payment system is capable of operating in multiple currencies and gives accountholders options for moving funds to an international bank account, a prepaid debit card, credit card, wire transfer, check or money remittance. In addition, the platform provides for an international debit card to assist all international accountholders accessing funds. The "eWallet" can also receive funds from many international bank accounts, allowing accountholders to purchase products and services from the multi-national company. This "eWallet" platform has achieved acceptance among multi-level marketing companies and international corporations.
On a national level they are 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.
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.
Contact: Joe Sebo
CFO, Global Payout
SOURCE Go Healthy, Inc.; Global Payout, Inc.