Global Payout, Inc. announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “company”) has completed the execution of a joint venture partnership agreement with MediaTechnics Corporation's majority owned subsidiary, BlazeNow Inc. The execution of the JV comes shortly after the announcement on September 13, 2017 that the companies had signed a Letter of Intent to enter into advanced discussions about the potential establishment of a JV as means of providing them the basis to work in a collaborative effort to advance each of their existing business objectives. Included in this JV is a two-year term with revenue share agreement for sales facilitated by the MoneyTrac Sales and Marketing team within the Western US region. With the establishment of the JV, MTRAC will begin working with BlazeNow on the development and effective deployment of a variety of marketing strategies to help the BlazeNow brand establish a stronghold in an area of the cannabis industry that is primed to benefit from its application and technology.

Additionally, the MTRAC team will also seek to fortify BlazeNow's technology through features available within its Virtu Network Solutions platform.