Global Future City Holding Inc. (OTCQB:FTCY) (the “Company”) announced that it will commence testing software which has been under development for the last 90 days to deploy and manage the multi-level marketing program to be utilized by FTCY’s wholly owned subsidiary GX-Life Global, Inc. GX-Life Global is a multi-level marketing company (“MLM”) offering a diverse line of products presently in the following categories: beauty, energy, nutrition, and tea, as well as the sale of all-inclusive travel packages, plastic surgery medical tourism packages and discounted fine art.
Membership in GX-Life Global’s multi-level marketing program 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.
Ning Liu, CEO and President of FTCY stated, “The roll out of our consumer products marketing program, coupled with our proprietary advanced software which will manage the marketing program, provides real time monitoring of marketing activities and sales levels. We believe that this will provide a “user-friendly” environment for our MLM participants to quickly and easily understand their compensation and down line activity. Our software is based upon the I-Matrix MLM management system which has managed many of the largest MLM programs in the world. It is our goal to be fully operational no later than January 1, 2016, selling our consumer products through what we believe will be a quickly growing MLM platform. This program will eventually also include G-Coin, a digital asset which will be used to provide further sales incentives for our MLM participants, although G-Coin presently remains under development at this time.”