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SOURCE Global Payout, Inc.
SAN DIEGO, Sept. 17, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has received a signed agreement with Strategic Network Solutions Group (SNS), to supply its members with its reloadable co-branded prepaid cards. Global will provide each of the SNS affiliates with their co-branded prepaid card for enhancing their existing loyalty reward program. Presently, SNS has over 2,500 U.S. merchants associated with the SNS network who offer loyalty reward points for utilizing merchants that are associated with the network. SNS anticipates a significant increase to 10,000 members by mid-year 2014. The Co-Branded Prepaid card will enable SNS merchants to add and retain customers through enhancing their loyalty program with an FDIC insured prepaid card. SNS members will now be able to access their funds at nationwide ATMs, and have access to on-line and in-store Point of Sale purchases. Additionally, SNS Prepaid card holders will have immediate access to the WellCard Health™ comprehensive pre-negotiated health care discount program that features, not only pharmacy discounts, but a comprehensive range of discounted health services.
"We are fortunate to support a client like SNS that is already working closely with their merchants and customers to build loyalty and rewards incentive programs. We anticipate adding an additional 15,000 prepaid cards based upon their growth for 2013 and 2014," says James L. Hancock, CEO, Global Payout, Inc.
"A co-branded prepaid card program which highlights our Strategic Network Services brand will help towards meeting our goal of helping our merchants grow new customers and retain existing customers," says Nick Giacaman, President of SNS. "The prepaid card solution creates new value added services for our company to offer the merchant and customer base in our vertical markets."
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 Payout 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 Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
Strategic Network Solutions Group
Strategic Network Solutions Group, www.snetmarketing.com, headquartered in Pembroke, Florida is a marketing agency providing loyalty rewards programs through their merchant network in the travel, medical, and insurance vertical markets. They currently work with 2,500 merchants representing over 100,000 customers and patients. These merchants are represented across several different vertical industries - TRAVEL with over 50,000 customers, MEDICAL with more than 20,000 patients, centers and customers, and INSURANCE with more than 40,000 customers.
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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