IRVINE, Calif., April 29, 2016 (GLOBE NEWSWIRE) -- Global Future City Holding Inc. (OTCQB:FTCY) (the “Company”) is pleased to announce that its wholly-owned subsidiary, GX-Life Global, Inc., has finalized the design of its gold and silver promotional GX-Coins that will be given to qualifying members of the GX-Life Global membership program.
The coins weigh approximately one ounce each and are .9999% pure gold or silver. The design of the coins was done by the renowned jewelers at the Laguna Niguel office of Nuggets & Carats (http://www.nuggetscarats.com). Renderings of the gold and silver promotional GX-Coins appear below:
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9ef2115d-1212-4b8a-8b9f-9723716052e5
http://www.globenewswire.com/NewsRoom/AttachmentNg/b4aded7c-0649-413d-b39c-782205099875
Ning Liu, CEO and President of FTCY stated, “We believe that the introduction of the promotional GX-Coins adds an additional incentive for our marketing program and provides us with a competitive advantage in becoming an industry sales leader. We believe that GX-Life Global already offers one of the best compensation plans in the industry, and the introduction of these promotional coins are another demonstration of the fact that GX-Life Global is an industry leader in member compensation.”
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 loyalty-based membership program. The Company plans to focus its initial efforts on acquiring qualified investment projects that are aligned with its EB-5 Regional Center and launching the digital currency-based membership program. Additional information on the Company may be viewed at http://www.gf.city.
About GX-Life Global, Inc.
GX-Life Global is in the process of developing a robust, scalable platform to support its membership program throughout the world. GX-Life Global is supported by “GX-Coins” which is a digital currency that functions as a store of value and a medium of exchange. GX-Life Global plans to deploy the GX-Coins it acquires from Great Coin by distributing them to members of their membership program community as loyalty points for the members’ participation in the membership program. Members of GX-Life Global will be able to redeem their status points or reward points for GX-Coin at 100% of their points’ dollar value. Additionally, users of GX-Coin will be able to use their GX-Coins to purchase products offered by GX-Life Global.
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 direct selling and membership marketing 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.