SAN DIEGO, Oct. 27, 2011 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) announced today, that from time to time, it intends to purchase up to 500,000 shares of its common stock in the open market. Jim Hancock, President of the Company, stated that "In my opinion, and the opinion of the Board of Directors, the common stock of Global Payout is undervalued and therefore we deem it in the best interest of the Company to commence a stock buy-back program."
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, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, award 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, Chief Financial Officer
[email protected]
Global Payout, Inc.
T.760.433.3399
F.215.294.4626
www.globalpayout.com
SOURCE Global Payout, Inc.
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