IRVINE, Calif., Oct. 20, 2015 (GLOBE NEWSWIRE) -- Global Future City Holding Inc. (OTCQB:FTCY) (the "Company") announces its plans to deploy and operate a multi-level marketing program through its wholly owned subsidiary GX Life Global, Inc.
GX-Life Global is a multi-level marketing company offering a diverse line of products presently in the following categories: beauty, energy, nutrition, and tea. In the beauty category, GX-Life Global has developed a line of high-end moisturizers, serums, and creams designed to protect the skin and combat the signs of aging. In the energy category, GX-Life Global offers two uniquely formulated F.I.T.T. Energy® one-ounce energy gel packs and a high antioxidant berry one ounce gel pack that contains the equivalent of 75–110 glasses of resveratrol in a single serving. In the tea category, GX-Life Global offers single-serve sachets of Authentea® organic tea extract and Herbalsoul® herbal tea extract, in addition to various tea wares. In the nutrition category, GX-Life Global offers a range of nutraceutical and diet products, including a multivitamin, probiotic, digestive enzyme, joint reliever, detoxifier, calcium supplement, and organic "superfood" powder.
In addition, GX-Life Global provides its members with the opportunity to purchase all-inclusive travel packages with first-class air transportation and luxury hotel accommodations. Relatedly, GX-Life Global offers its members a selection of plastic surgery medical tourism packages that entitle the purchaser to a specified number of hours of invasive and/or non-invasive plastic surgery at an outpatient clinic in Newport Beach, California. GX-Life Global also provides its members with the opportunity to purchase fine art at a discounted price.
GX-Life Global offers varying levels of membership including Standard and VIP as well as various status levels: Gold, Platinum, Diamond and Jade. The membership structure incorporates status and reward point features which can be redeemed in cash or digital securities built on blockchain technology (similar to the Bit-Coin platform) known as "G-Coins" or can be used to purchase products offered by GX-Life Global. The Company is presently developing fully integrated software to support the issuance and trading of G-Coin digital securities and anticipates a fully operational platform will be deployed by the first quarter of 2016.
Both Standard and VIP members have the ability to join sales organizations ("organizations"). Members of sales organizations can resell the discounted products they purchased from GX-Life Global at a suggested retail price. VIP members have the exclusive opportunity to earn overriding commissions on the sales of members up to three levels in their organization. Commissions are paid out in reward points, which are redeemable for cash or G-Coins. Commission rates range from 1.25 percent to 35 percent of sales volume and depend on a VIP member's status level and position in his/her organization.
Ning Liu, CEO and President of FTCY stated, "We are elated to provide a highly competitive compensation program for distributors that will include one of the first ever tradeable digital securities built on block chain technology. We feel the remuneration package for distributors will provide us an economical advantage over our competitors and allow our distributors to benefit from the Company's future potential rapid economic growth."
About GX-Life Global, Inc.
GX-Life Global is in the process of developing a robust, scalable platform to support multi-level marketing ("MLM") opportunities throughout the world that will be traded on an Alternative Trading System. The state of the art platform is intended to replace the Company's previous interest in EGD. GX-Life Global plans to replace EGD with "G-Coins" which are an open source digital security that functions as a store of value and a medium of exchange. These coins are being registered by Great Coin, Inc., a Nevada corporation. GX-Life Global plans to deploy the G-Coins it acquires from Great Coin by distributing them to members of their MLM program community as loyalty points for the members' participation in the MLM program. Members of GX-Life Global will be able to redeem their status points, reward points, and status reward points for G-Coin at 100% of their points' dollar value. Each member of the MLM program will be issued a GX-Life Global-branded debit card and a separate wallet that holds G-Coins. Additionally, holders of G-Coin will be able to use their G-Coins to purchase products offered by GX-Life Global.
About Global Future City Holding Inc.
Global Future City Holding Inc. is a holding company focused on implementing an EB-5 immigrant investor program for foreign investors who are interested in acquiring lawful permanent residence in the United States, and the marketing and deployment of its MLM loyalty-based retail program. The Company plans to focus its initial efforts on acquiring qualified investment projects that are aligned with the recently acquired EB-5 Regional Center and launching the MLM program with an impending registered digital currency.
Information about Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the Company pursuing digital currency, which could have fluctuations in demand and pricing, the introduction and impact of new competitive products or digital currency, the Company's ability to acquire and maintain customer strategic business relationships in the MLM space, growth in targeted markets, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov . The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.