FTCY Completes $3 Million Private Placement and Files Annual Report

MISSION VIEJO, CA / ACCESSWIRE / April 6, 2015 / Global Future City Holding Inc. (OTCQB:FTCY) (the “Company”) announced the filing of its Annual Report for fiscal year ended December 31, 2014 on Form 10-K with the Securities and Exchange Commission (“SEC”). The Annual Report discusses the Company’s operations during 2014 including its launching of four subsidiaries to deploy its increasing focus upon distributing up to 4 million E-Gold (EGD) coins to support its online and retailer loyalty point programs. EGD is a form of cryptoasset and trading activity is reported can be reviewed at www.egdmarket.com.

In order to immediately support future operations, the Company completed a $3 million private placement with Sky Rover Holdings, Ltd., in exchange for the issuance of 6 million shares of its common stock.

Mr. Pei, the future CEO and Chairman of the Company after the Stock Purchase Agreement is completed, stated “We are now positioning to adjust our future focus upon deployment of business plans supporting our recent acquisition of Powerdyne Regional Center LLC (” Regional Center”), a designated EB-5 Regional Center approved by the U.S. Citizen and Immigration Service. We will be announcing plans to strategically deploy business plans supporting the mission of the Regional Center to assist foreign nationals, primarily in the Far East, looking to secure EB-5 visa status. Our recent $3 million private placement is a key step in this process. We are further presently considering the utilization of EGD in providing further incentives for foreign nationals to retain the Regional Center to provide visa assistance.”

About Global Future City Holding Inc.

Global Future City Holding, Inc. is currently a brand management company. Upon closing of the stock purchase transaction with Sky Rover, which is expected by early April 2015, the Company will have four wholly-owned subsidiaries. The Company’s IP Subsidiary markets and provides merchants with proprietary software calculating the Rewarded EGD a customer is eligible to receive. The Company’s Merchant Subsidiary will own (or partially own) and operate grocery stores, restaurants, and other similar ventures throughout Southern California that will give away Rewarded EGD to eligible customers for no additional consideration after customers purchase goods or services from these merchants. The Merchant Subsidiary will also operate an online merchant store that sells goods or services to consumers. The EGD Subsidiary will be a foreign entity that will sell four million EGD acquired in the SPA only to foreign individuals and entities located outside the United States. The Energy Drink Subsidiary will continue to market and sell the Company’s F.I.T.T. energy drinks to domestic and overseas markets, while participating in giving away Rewarded EGD as well. Additional information regarding EGD may be viewed at http://www.egoldcoin.com/index.html.

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 not pursuing digital currency because certain closing conditions in the Purchase Agreement with Sky Rover does not occur; thus the transaction with Sky Rover would not close, fluctuations in demand for the digital currency, the introduction and impact of new competitive products or digital currency, the Company’s ability to maintain customer and 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.

Contact:

Global Future City Holding, Inc.
Michael R Dunn
CEO
Office: (949) 582-5933
Email: miked@fittmail.com

SOURCE: Global Future City Holding Inc.

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