IRVINE, Calif., Oct. 06, 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. (“GX-Life”), has redesigned its compensation plan (“Comp Plan”) for its GX-Life Members. The Company believes that GX-Life’s new Comp Plan will attract more individuals to become members and also provides better financial rewards for its members.
Because many GX-Life Members are of Chinese descent and receive GX-Coin, a cryptocurrency created by GX-Life’s strategic partner, Great Coin, Inc. (“Great Coin”), as part of his or her commissions under the Comp Plan, GX-Life is proud to announce that Great Coin has created a Chinese equivalent of Great Coin’s English website where individuals can obtain news about cryptocurrency and buy or sell GX-Coin.
Furthermore, GX-Life is planning to integrate new marketing and sales programs in order to help drive sales volume. For instance, GX-Life plans to use celebrity promoters to market GX-Life’s products. By doing so, the Company believes that it can generate high retail sales volume within a short time frame, and is ready to accommodate up to $14 million in retail sales through the use of celebrity promoters. GX-Life also plans to utilize a new interactive sales program to increase sales volume by allowing GX-Life Members and consumers that watch video presentations of GX-Life’s products to be able to directly purchase such product while watching the presentation.
Mr. Michael Dunn, the Company’s CFO stated, “We’re very excited about the future of our Company with all of these new developments. We can’t help but think that these developments will only increase our sales and help our Company grow into a major competitor in this industry.”
About Global Future City Holding Inc.
Global Future City Holding Inc. is a holding company that’s engaged in consumer product sales through the GX-Life Direct Selling Program offered by its wholly-owned subsidiary, GX-Life Global, Inc.
Additional information on the Company may be viewed at http://www.gf.city.
About GX-Life Global, Inc.
GX-Life Global, Inc. sells high quality consumer products such as personal care, wellness, and quality-of-life products under the brand, “GX-Life” via direct sales to consumers and e-commerce channels on an international basis. GX-Life utilizes “GX-Coins”, which is a cryptocurrency that functions as a store of value and a medium of exchange, in its Direct Selling Program where GX-Life Members are able to redeem their commissions into GX-Coins.
Additional information on GX-Life may be viewed at http://www.gx-life.com/
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 utilizing cryptocurrency, which could have fluctuations in demand and pricing, the introduction and impact of new competitive products or cryptocurrency, the Company's ability to acquire and maintain customer strategic business relationships, 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.