San Diego, Jan. 27, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), a leading provider of international electronic payment solutions, announced today a new contract award in Mexico from Vizinova S.A. de C.V., a high-tech international e-commerce firm. The contract calls for a variety of payment solutions including the implementation of Global Payout's proprietary Consolidated Payment Gateway platform, International Prepaid MasterCards® and U.S. MoneyTrac® Prepaid Discover® Cards. The initial order of 2,000 cards has been delivered and all 2,000 card activations are nearly complete. Revenue generation has already commenced.
According to ViziNova's management team, there are 7,000 current online distributors for their products and services and each of these distributors has an online store where customers can purchase innovative mobile smart device applications, mechatronics technologies, digital advertising and marketing services, and green energy products. ViziNova is projecting significant growth in the number of online distributors in as many as 63 countries around the world.
"Our mission to expand our international footprint continues. And Mexico is an excellent market for our many new and existing services whether their users are located in Mexico, or abroad. ViziNova's has shared their growth projections and they are ambitious. We are prepared to provide the company and its online distributers with all of the payment processing services they require as their international network expands," said Jim Hancock, CEO of Global Payout, Inc.
ViziNova is an ecommerce platform in the relationship marketing business that offers high-tech apps, the latest in digital marketing and advertising services, proprietary mechatronic products, and biotechnology products. The company's products and services are aimed at simplifying and adding value to the lives of its customers while establishing a strong financial base for its entrepreneurial distributors. ViziNova is comprised of leaders with successful experience in international advertising, digital marketing, mechatronics, software, and network marketing.
About Global Payout, Inc.
Global Payout, Inc. (www.globalpayout.com) is a leading provider of comprehensive, customized electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide. Global Payout implements payment solutions tailored to a client's specific needs, which may include MoneyTrac®, the company's Consolidated Payment Platform (CPG), domestic and international prepaid cards, chip and pin cards, custom and co-branded prepaid cards, and merchant processing services. The company targets an estimated $3 trillion market including the estimated 60-70 million unbanked and under-banked adults in the U.S. and the estimated 2.5 billion unbanked and under-banked adults around the world.
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Forward-Looking Statement: The statements in this press release…are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete post-closing conditions to the merger, and any other difficulties related to risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue our growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.