IRVINE, Calif., Dec. 23, 2015 (GLOBE NEWSWIRE) -- Global Future City Holding, Inc. (OTCQB:FTCY), announced that its wholly-owned subsidiary, GX-Life Global, Inc., would expand its signature multi-level marketing (MLM) program to Chinese distributors with support from strategic partner Global Access, a leading provider of cross-border e-commerce technology and shipping solutions.
Membership in GX-Life Global’s MLM program incorporates status and reward point features that can be redeemed in cash or digital securities known as GX-Coins to purchase diverse products in beauty, energy, nutrition and tea. Now, the program seeks to extend its participant base to China, home to one of the world’s fastest growing direct selling markets. Across China, the direct sales totaled more than $30 billion in 2014, an 18 percent growth rate over 2013.
“In recent years, direct selling in China has grown almost three times faster than the global average, heightening a need for stable digital assets in the country,” said Ning Liu, Chief Executive Officer and President of Global Future City Holding. “We believe that GX-Coins, the digital currency at the heart of GX-Life Global’s ecommerce platform, provide an exciting and secure way for consumers in China to participate in the global marketplace, obtaining goods and services that would be otherwise unavailable to them and benefitting economies around the world.”
Supporting GX-Life Global’s entry into Chinese markets is Global Access, a leading provider of international commerce technologies and logistics. As a strategic partner to Global Future City Holding, the Utah-based company will provide a full suite of services, including Mandarin & English customer service, website localization, and multi-currency payment methods—namely Union Pay, TenPay and Alipay. Additionally, it will leverage industry expertise in shipping, product clearance, duties and tax to significantly lower direct sellers’ costs.
“We’re pleased that Global Future City Holding has selected Global Access to facilitate its expansion into China, leveraging our end-to-end international logistics solution,” said Dave Nielsen, Chief Executive Officer of Global Access. “Our proven experience in navigating the complexities of international market expansion through real partnership is what sets us apart from our competitors.”
Additional information about GX-Life Global’s support of direct sellers is available at www.gx-life.com.
About GX-Life Global, Inc.
GX-Life Global supports multi-level marketing (MLM) opportunities throughout the world using GX-Coins, an open-source digital security that functions as a store of value and a medium of exchange. Participating members of GX-Life Global’s MLM program community earn loyalty points, redeemable at 100 percent of their points’ dollar value. Each member of the MLM program is issued a GX-Life Global-branded debit card and a separate wallet that holds GX-Coins. Additionally, holders of GX-Coins may use their GX-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 on marketing and deploying its MLM loyalty-based retail program. The company looks to acquire qualified investment projects that are aligned with its EB-5 Regional Center and launching the digital security-based MLM program. Additional information is available at http://www.gf.city.
About Great Coin, Inc.
Great Coin, Inc., a Nevada corporation, is a technology company in the process of developing “Great Coin” or “GX-Coin” which is an open source digital security that functions as a store of value and a medium of exchange. GX-Coins will be freely tradable on an online trading platform, and the price of a GX-Coin once on the trading platform will be determined by market forces through trading activity. Great Coin plans to freely sell the GX-Coins directly and via GX-Life Global pursuant to a registration statement as a “digital security.” As a digital security, GX-Coin will be offered as an uncertificated security, the ownership and transfer of which are recorded on an encrypted, secured distributed ledger system using technology similar to the distributed ledger technology used for trading digital currencies.
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.
About Global Access
Founded in 2002, Global Access delivers simple and transparent cross-border order processing, shipping and logistics, and marketing solutions for retailers, brands, and direct selling organizations. Global Access helps merchants fulfill cross-border demand with its cloud-based technology and proprietary end-to-end logistics network that processes more than $300 million gross merchandise sales annually with delivery into over 200 countries. Global Access also provides shipping solutions to consumers through Shipito.com, a package-forwarding service that lets international shoppers purchase directly from U.S. merchants and ship their orders directly to their door.